Are Credit Unions Better Than Big Banks?

Which are TWO ADVANTAGES of having an account at a local community bank versus a national bank? 

• Community banks are typically larger and more well-known than national banks. 

• Community banks typically have LOWER fees and charges when compared to a national bank. 

• Community banks typically have HIGHER fees and charges when compared to a national bank. 

• Community banks typically give back and support the local community. 

True or False: When you deposit your money at a community or online bank, your money is insured by the FDIC up to $250,000.

• TRUE

• FALSE

What questions should you ask before opening an account at a national bank, community bank, or credit union? (choose all correct answers) 

• What type of fees are there with this account? 

• Is there a fee for using an ATM? If so, how much? 

• Is there a minimum balance requirement with this account? 

• Do you offer online banking or mobile banking?