Whether a credit union is "better" depends on your needs. Here’s a quick comparison:
Advantages of Credit Unions:
- Lower fees and potentially better interest rates on loans and savings.
- Personalized service and community focus.
- Member ownership and voting rights.
Advantages of Banks:
- Larger networks with more branches and ATMs.
- Advanced technology and online banking features.
- Broader range of products and services.
If you value community and cost savings, credit unions might be better. If you prioritize convenience and cutting-edge tech, a bank might suit you more.
