2007-02-28 05:09:54 · 2 answers · asked by D C 2 in Business & Finance ➔ Other - Business & Finance
A bank is generally owned by stock holders or some large conglomerate.
A credit union is owned by its members. So if you want to own part of your bank, join the Credit Union...
2007-02-28 05:14:19 · answer #1 · answered by capnemo 5 · 0⤊ 0⤋
credit union is a friendoly society to help people with very little money who cannot get access to bank and want more flexible, easier credit terms.
The overheads are small and you can pay in very small amounts and then get to use the credit, so avoiding credit sharks.
Banks are big organisations and can make charges to access your own money, they can be remote and inflexible, although they do vary in their customer standards. Banks are usually safe places to keep your money rather than cash left in your home.
2007-02-28 05:16:58 · answer #2 · answered by kenjinuk 5 · 0⤊ 0⤋