Introduction
When it comes to banking, most people immediately think of traditional banks as the only option. However, credit unions offer an attractive alternative for those seeking a more community-oriented and member-focused banking experience. In this article, we will explore what credit unions are, how they differ from banks, and the benefits they can provide.
What is a Credit Union?
A credit union is a financial cooperative owned and operated by its members. Unlike traditional banks that are for-profit institutions, credit unions exist solely to serve their members’ financial needs. Credit unions are often formed by a specific community, such as employees of a company or residents of a particular area.
