What is the Difference Between a Credit Union and a Bank?

What is the Difference Between a Credit Union and a Bank? - Individuals looking for a financial institution often wonder what the difference is between a credit union and a bank. The simple explanation is that credit unions are not-for-profit financial institutions owned by the people who belong to them, while banks are for-profit financial institutions that are owned by shareholders.
What is the Difference Between a Credit Union and a Bank?
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