BANKS VS CREDIT UNION

CREDIT UNION

• Are not-for-profit financial cooperatives, whose earnings are paid back to members in the form of higher savings rates and lower loans rate.

BANKS

• Bank is a financial institution where you can deposit your money

BANKS

• Banks provide a system for transferring money from one person or business

CREDIT UNION

• Are not-for-profit organization.
• It require membership eligible.
• Accepts deposit and makes loans.