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How are Credit Unions Different from Banks?

Credit unions and banks often provide many of the same services. They’re both places to deposit, save and borrow money, and they offer several other financial products and services. However, there are some key differences in not only how each is run, but what that ultimately means for the people doing business with them.

According to, an educational website developed by the National Credit Union Administration, one of the biggest advantages a credit union provides to its members is helping them save and borrow, often with better rates, and receive other affordable financial services.

Here are some of the ways credit unions are different from other banking institutions:

If you’re interested in opening an account with FSU Credit Union, review our membership eligibility and join today.

*The content provided in this article consists of the opinions and ideas of FSU Credit Union, does not constitute legal or financial advice, and should be used for informational purposes only. Any decisions you make based on the information contained in this article is made in your sole discretion and liability. FSU Credit Union disclaims any damages or liability for decisions you make based on the information provided.

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