SAN FRANCISCO (7/13/15)--Personal finance website Credit.com discussed six reasons why consumers choose credit unions as their best financial partners in a recent article.
Ultimately, the article paints credit unions as competitively priced, flexible financial institutions that largely offer the same services as any other institution, though likely for quite different reasons.
“Banks are in business to make money, and credit unions are nonprofit,” the article said. “If you do business with a bank, you are a customer. Banks exist to earn profit for shareholders.
“If you instead use a credit union, you are a member (and the credit union operates for the benefit of its members).”
The differences outlined by the San Francisco-based website include: