Saving Stratgies

What's the difference between a credit union and a bank? Who owns a credit union and who owns a bank?

• Credit union: Member owned, Bank: Shareholder owned

• Credit union: Shareholder owned, Bank: Member owned

• Credit union: For Profit, Bank: Not-For-Profit

• Credit union: Anyone Can Be a Customer, Bank: Must qualify for Membership

What's the difference between a credit union and a bank? Which one is not-for-profit and which one is for profit?

• Credit union: Not-For-Profit, Bank: For Profit

• Credit union: For Profit, Bank: Not-For-Profit

• Credit union: Cookie-Cutter Customer Service, Bank: Personalized Member Service

• Credit union: Decisions Made With Stockholders In Mind, Bank: Decisions Made With Members In Mind

What's the difference between a credit union and a bank? Who must qualify for membership and who can be a customer?

• Credit union: Must qualify for Membership, Bank: Anyone Can Be a Customer

• Credit union: Anyone Can Be a Customer, Bank: Must qualify for Membership

• Credit union: Deposit Insured by FDIC, Bank: Deposit Insured by NCUA

• Credit union: Decisions Made With Stockholders In Mind, Bank: Decisions Made With Members In Mind

What's the difference between a credit union and a bank? Which provides personalized member service and which provides cookie-cutter customer service?

• Credit union: Personalized Member Service, Bank: Cookie-Cutter Customer Service

• Credit union: Cookie-Cutter Customer Service, Bank: Personalized Member Service

• Credit union: For Profit, Bank: Not-For-Profit

• Credit union: Member owned, Bank: Shareholder owned

What's the difference between a credit union and a bank? Whose decisions are made with members in mind and whose with stockholders in mind?

• Credit union: Decisions Made With Members In Mind, Bank: Decisions Made With Stockholders In Mind

• Credit union: Decisions Made With Stockholders In Mind, Bank: Decisions Made With Members In Mind

• Credit union: Deposit Insured by FDIC, Bank: Deposit Insured by NCUA

• Credit union: For Profit, Bank: Not-For-Profit

What's the difference between a credit union and a bank? Fill in the blank: Deposits in a credit union are insured by ________, while deposits in a bank are insured by ________.

• Deposits in a credit union are insured by NCUA, while deposits in a bank are insured by FDIC.

• Deposits in a credit union are insured by FDIC, while deposits in a bank are insured by NCUA.

• Deposits in a credit union are insured by SIPC, while deposits in a bank are insured by FDIC.

• Deposits in a credit union are insured by SEC, while deposits in a bank are insured by SIPC.

Both banks and credit unions offer ________ accounts. (Fill in the blank)

• Savings/checking

• Loan

• Credit card

• Mortgage

Which of the following cards can be offered by both banks and credit unions?

• Debit card/credit card

• Gift card

• Library card

• Membership card

What machine do banks and credit unions offer for withdrawing cash?

• ATM

• Vending Machine

• Photocopier

• Ticket Dispenser

Which financial service allows you to write orders for payment from your account?

• Checks

• Savings Account

• Credit Card

• Certificate of Deposit