Вы находитесь здесь: Главная > Trading > Difference between a credit union and a bank

Difference between a credit union and a bank

Difference Between A Credit Union And A Bank

Many people believe that they have no choice but to keep their monies with a bank. While there are others that are aware of the concept of a credit union, they are not too sure of the differences between a credit union and a bank. Here is a list of the differences between a bank and a credit union for your consideration.

- Ownership  A credit union is member owned. This means that if you have an account with a credit union, you won a part of the credit union.

- Profit policy  A credit union is an agglomeration of people who want to invest their monies in a manner that they can get the best returns. Towards this result, the credit union itself is always a not-for-profit organization. All the profit that is made via the investments that are done is passed on to the account holders in the form on interest.

- Taxes  A credit union is exempt from various state and federal taxes since a credit union is a co-operative kind of bank and does not aim at making profit.

- Size  A credit union is not likely to be a large organization with various branches, automated teller machines and internet access. The level of service that a credit union can offer a member has to be judged before you invest your monies in the credit union.

Once you know the differences between a credit union and bank, you can make an informed choice about the institution that you want to put your monies into.

  • Добавить ВКонтакте заметку об этой странице
  • Мой Мир
  • Facebook
  • Twitter
  • LiveJournal
  • MySpace
  • FriendFeed
  • В закладки Google
  • Google Buzz
  • Яндекс.Закладки
  • LinkedIn
  • Reddit
  • StumbleUpon
  • Technorati
  • del.icio.us
  • Digg
  • БобрДобр
  • MisterWong.RU
  • Memori.ru
  • МоёМесто.ru
  • Сто закладок

Теги: , , ,

Оставить комментарий