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Owned by members or employees of a local employer

• Bank

• Credit Union

• Both

Caters to individuals

• Bank

• Credit Union

• Both

Offers Savings and Checking Accounts

• Bank

• Credit Union

• Both

Caters services to businesses but also serves individual customers

• Bank

• Credit Union

• Both

Generally lower savings rates and higher fees

• Banks

• Credit Cards

• Both

NCUA provides deposit insurance

• Bank

• Credit Union

• Both

Often higher savings rates and lower fees

• Bank

• Credit Union

• Both

The FDIC and NCUA insure banks up to

• $100,000

• $50,000

• $250,000

• $10,000

NCUA provides deposit insurance

• Bank

• Credit Union

• Both

FDIC provides insurance

• bank

• credit union

• both