This question is about largest credit unions.

What is the difference between a credit union and a bank?

By Zippia Team - Sep. 1, 2023

A bank is a for-profit financial institution while a credit union is nonprofit. Additionally, banks can be privately owned or publicly traded, whereas credit unions are owned by its members. The differences in their structures means banks and credit unions may offer different financial services and are regulated in a different manner by the federal government.

What is the difference between a credit union and a bank?

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