Many times when people want to open up a savings account or checking account, most people are only thinking about taking their money to a bank or financial institution other than a credit union. However, in the past years, credit unions have out done themselves and had shown people that they are trust worthy just like banks are!
When it comes to comparing a bank with a credit union, there are not that many differences between them. In fact, many people do not even know there are differences between them! However, one of the main differences between a bank and credit union is the type of backing they have; such as with the insurance companies.