Weekly Wallet
BY: Morgan Thayer
This week we are going to discuss the difference between banks and credit unions, and what it means for you. Both banks and credit unions are financial institutions, but do you know what sets them apart from each other? Do you know the benefits of having one over the other? The most significant difference between the two is that banks are for-profit and credit unions are non-profit. Along with this difference, you will notice things such as customer service, fees, and services offered between both financial institutions to be noticeably different.
1. Customer Service
One noticeable difference you will find with banks versus credit unions is their customer service. Due to the fact banks are for-profit, they are just trying to make another dollar regardless...