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The Difference: Credit Unions vs. Banks

What is the Credit Union Difference??

What Is a Credit Union? A credit union is a nonprofit, member-owned cooperative that provides financial services to its members.

Credit unions focus on saving and borrowing, but they may offer other common banking services.

Credit union membership is based on a certain field. These membership fields can be occupational, associational or geographical.

If you qualify, your first deposit also counts as your first purchased share. This makes you a member and partial owner of the credit union.

 

 

*** See more information at: https://learningcenter.statefarm.com/finances-1/banking/banks-vs-credit-unions/index.html?cmpid=enews-jul15#sthash.wy3uPexL.dpuf

 

 


 


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