Choosing where to keep your money can feel like a boring decision until a fee hits, a loan quote disappoints you, or customer service leaves you stuck on hold. Banks and credit unions both offer checking, savings, loans, and online tools, but they’re built on different models that can affect your everyday experience.
A bank is typically a for-profit business that answers to shareholders, while a credit union is a member-owned cooperative that exists to serve its members. That difference can show up in rates, fees, and how flexible they are when you need help. The best choice depends on what you value most: convenience, pricing, service, or specialized products. Here’s how to compare the two in a way that actually helps you decide.
