What You Should Know About Credit Unions – Finance Video

are there other large banks that are all over the state? These great statistics will help you decide.

While credit unions don’t have the same functions as banks, brokers, mortgage firms or insurance companies, they may be classified as financial institutions. They do provide some of the same services as the organizations I’ve just discussed. They have more than 5,000 credit unions in the United States. They are non-profit institutions, in contrast to banks. However, they provide checking and savings accounts to members, as well as loans as well as other financial services similar to banks. Credit unions might be able provide lower rates of interest than banks on loans and credit cards. Some Americans may find this beneficial.

Lern the basics about credit unions by watching the full video and figure out if they’re suitable for you and your money. There are a lot of advantages of a credit union that they discuss and they have various services you could need in your town without dealing with a big bank.