Credit Union

Credit Unions, unlike traditional banks, are member-owned financial cooperatives. They are created and operated by their members, and profits are shared amongst the owners. To join a credit union, you typically have to meet certain criteria like living in a specific area or working for a specific employer. Once you become a member, you gain access to a plethora of financial products, including savings and checking accounts, credit cards, and of course, loans. What sets credit unions apart is their commitment to their members. They often offer lower fees, higher…