Banks vs Credit Unions

Fewer Fees, Better Rates

• Credit Union

• Bank

Shareholder Owned

• Credit Union

• Bank

FDIC insured for up to $250,000

• Credit Union

• Bank

NCUA insured for up to $250,000

• Credit Union

• Bank

Which is better a Credit Union or a Bank?

• Credit Union

• Bank

• Depends on your financial needs

One benefit of _______ is that most can be found nationwide.

• Credit Unions

• Banks

• Both

A key difference between commercial banks and credit unions is that:

• Commercial banks are ‘for‐profit’ and credit unions are ‘not‐for‐profit’

• Commercial banks typically pay higher interest rates than credit unions

• Credit unions are more commonly located in rural area while commercial banks are more commonly located in urban areas

• Commercial banks offer more services, such debit cards, and online banking, than creditunions.

Which type of financial institution is typically member-owned?

• Credit Union

• Bank

• Both

• Neither

Which financial institution is more likely to offer lower interest rates on loans?

• Credit Union

• Bank

• Both

• Neither

Which type of institution is generally considered to have a more community-focused approach?

• Credit Union

• Bank

• Both

• Neither