Number One in looking for a Bank vs Credit Union would be they must offer a truly free checking account.
I hate to pay bank fees. I have a long term relationship with a bank and I do not have a monthly fee for my checking account. However if I was looking for a new Bank or Credit Union I would probably go with a large Credit Union in my area. The line between banks and Credit Unions has blurred in recent years.
Originally Credit Unions had very limited memberships, work related usually. Now most have open memberships. Credit Unions are owned by the members vs Banks are owned by their shareholders.
Your Bank vs Credit Union Location
It is really handy to have your bank or credit union close to either where you live or where you work. While you may only go there once a month or once a week, if it is way out of your way to get there you will not like it.
No Fee Checking
Credit Unions usually have no fee checking however many banks are starting to offer no fee checking also.
Credit Unions are often much smaller than banks and often have Credit Builder loans available.
Credit Card Offers
Nearly all Banks and most Credit Unions offer Credit Cards. Most Credit Unions will offer you a Secured Credit Card if you have not developed your credit score yet.
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