Credit Unions vs Banks: Are Credit Unions Better Than Banks?

Credit unions have grown a lot in popularity over the last couple of decades, but people often wonder with the question of Are Credit Unions Better Than Banks? Understanding the pros and cons of credit unions and banks is important to maximize the effectiveness of your personal finances. In this video, I try to help you understand which is best for you. If you want to learn more about personal finance, be sure to check out the other videos on my channel!

[calisinger]

Great side by side comparisons! I have accounts with numerous banks and credit unions. Credit unions are my go-to for all loans and credit options. Recently, I've found some that are even surpassing some banks' small business banking options, too.

[paulhunter]

Great video. I didn't realize that there were online only credit unions.

[baileybuttars]

I used to be a Credit Union employee and I just have to say that I love Credit Unions, but I would highly recommend having your money in both a bank and a CU because you never know if there's gonna be branches near you or shared branching locations near you. There's also so much that both banks and credit unions offer. Man, I miss working in the banking world!

[vietnamemperor]

Credit Union all the way! Didn't everyone watch the news? Look at how many banks fail last year and there's another bank in risk of failing. But you never see any credit union failing in the news. Not saying they're perfect credit union does fail too but much less compare to bank since the make big risk with their customers money to earn that profits.