Tag Archives: Credit Unions

Big Banks vs Small Banks

When you choose a bank you have a wide variety of banks and credit unions to choose from. You need to consider several factors when making your choices. It is important to realize that there is a difference in big banks and the small hometown banks. A big bank may be the right choice for you, or you may decide that you like the services provided by a small hometown bank instead. The main advantage to a big bank is that they have locations in many more places. This means that you will avoid ATM charges, because you can often … Continue reading →

Banks Versus Credit Unions

People often wonder what the differences between banks and credit unions are. You can have similar accounts at both. The funds are both guaranteed up to $100,000. The biggest difference between a bank and a credit union is that banks are for-profit organization and credit unions are nonprofit institutions. This can be a real plus for anyone who has an account at a credit union. Many people consider using a credit union to finance a car or a home. The interest rates are generally lower, and the credit unions are more likely to work with you. The terms are easy … Continue reading →