Re: what is the difference between a credit union and a bank?# Money - 海外理财
s*i
1 楼
credit union is non-profit organizations. they don't
make money. all money earned go back to members except
opertational costs.
typically they have slightly higher interest on your
money deposited and slightly lower interest on loans,
plus may charge less on fees etc. however, it depends
on many factors, small CU may not show benefits.
make money. all money earned go back to members except
opertational costs.
typically they have slightly higher interest on your
money deposited and slightly lower interest on loans,
plus may charge less on fees etc. however, it depends
on many factors, small CU may not show benefits.