What is the difference between a credit union and a bank, and is my money safer at a credit union?

What is the difference between a credit union and a bank, and is my money safer at a credit union?
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1 Answer

Answer :

As far as your money being safer in a credit union or a bank, it doesn’t make a difference which it is. What does make a difference is whether the financial institution you use is FDIC insured Usually the benefits of being part of a credit union are better than a regular bank.
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Related questions

Should I get an account at a credit union/bank or just manage my money with an account?

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Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

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Can you be arrested for credit card debt?

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Can some one educate me on Earned Income Credit?

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Do you bother to sign your debit/credit cards anymore, if you ever did.

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Is it generally better for your credit score if you pay off old debts or if you file for bankruptcy?

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Who paid for the fraudulent charges on my credit card? and how do they know I didn't visit the strip club?

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If I pay a lump sum settlement will my credit score improve?

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Description : Who has the best secured credit card offer?

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Is there an actual way to see my credit score for FREE?

Description : Is there an actual way to see my credit score for FREE?

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Description : Does having only a debit card do absolutely nothing for establishing credit?

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