Credit Unions -
: Deposits are insured up to $250,000 by the National Credit Union Administration (NCUA) , similar to how the FDIC insures banks. 2. Pros and Cons of Credit Unions Money Basics Guide to Savings and Checking Accounts
: Credit unions are owned and controlled by their members; banks are owned by stockholders.
: Credit unions are not-for-profit cooperatives; banks are for-profit institutions.
: Deposits are insured up to $250,000 by the National Credit Union Administration (NCUA) , similar to how the FDIC insures banks. 2. Pros and Cons of Credit Unions Money Basics Guide to Savings and Checking Accounts
: Credit unions are owned and controlled by their members; banks are owned by stockholders.
: Credit unions are not-for-profit cooperatives; banks are for-profit institutions.