What is the difference between a bank and a credit union? and Bank Branding | Bank Signage | Bank Channel Letters | Washington Business Bank

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

I thought a credit union was a type of bank to serve a particular subset of people. What is the difference?


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Answer by raggdoll
With a credit union you get better returns, better interest rate, etc. A bank is more interested in making money for themselves than a credit union is. It's usually easier to get a loan from "your" credit union, than it would at a bank, because you're a member of "that" union. There are many types of credit unions but, yes they do cater to certain types of businesses. You don't just open an account like a bank, you have to join the credit union to open an account with them. For instance, there are electronics credit unions, automotive credit unions, etc.

I hope this helped you !

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Bank Branding | Bank Signage | Bank Channel Letters | Washington Business Bank


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The exterior sign at the Washington Business Bank in Olympia, WA. This sign includes I-5's ultra bright white approved led system for maximum brightness and reduced power consumption. View more retail bank examples here.

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