Banks – Tag

When it comes to managing your finances at established banking institutions, you have a choice between traditional national banks—like Chase and Bank of America—and your local credit unions. While both offer similar services, there are significant differences between them that impact how your money is managed, made available, and utilized. In this Money Chat, we will help you understand the three key differences between credit unions and banks and how those differences impact your daily life.1) Ownership Structure of Banks vs Credit UnionsOne of the main differences between banks and credit unions is their ownership structure. Banks are owned by shareholders ...