Banks vs Credit Unions: What's The Difference And Better Choice? | NerdWallet

The most common options for money storage are banks and credit unions. Nikita Turk breaks down the similarities and differences between the two, helping you find the best fit for you.

Suggested Articles:
Credit Unions vs. Banks: How to Decide: https://www.nerdwallet.com/article/ba...
What Is a Bank?: https://www.nerdwallet.com/article/ba...
What Is a Credit Union? The Benefits of Membership: https://www.nerdwallet.com/article/ba...

Chapters:
0:00 - Intro
0:30 - Similarities Between Banks and Credit Unions
0:50 - How Banks Work: Interest, FDIC Insurance, and More
4:04 - How Credit Unions Work: Benefits, Purpose, NCUA Insured, and More
6:05 - Credit Union Pros and Cons
6:23 - What Banks Offer
6:47 - What Credit Unions Offer
7:30 - 5 Factors When Choosing a Bank or Credit Union
8:26 - Conclusion

About Versus:
Versus is all about financial decisions and weighing your options. Our financially-savvy Nerds break down two similar product or services explaining why they are different and who they work well for. In the end, you will have an understanding of each option and what could work for you!

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Banks vs Credit Unions: What's The Difference And Better Choice? | NerdWallet
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