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Credit Unions: Where Membership Pays Off Infographic

Examine customer ratings, fees and rates for both credit unions and banks, and see for yourself how credit unions come out on top.

by Navy Federal on April 23, 2015 | Tag(s): Personal Finance

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You have a choice when it comes to where you put your money. For starters, should you go with a bank or credit union? That depends on the type of experience you're looking for.

Credit unions are not-for-profit, member-owned institutions. Their primary goal is to serve their members, rewarding them with surplus income in the form of dividends. Credit unions focus on providing a safe place to save and borrow at reasonable rates. Like banks, they provide a full spectrum of financial services. Unlike banks, they're not motivated by corporate profits.

Examine the customer satisfaction and service ratings, as well as fees and rates for both credit unions and banks, and see for yourself how credit unions come out on top.

Credit Union Myths

This article is intended to provide general information and shouldn't be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.