Money Mangement Guide

September 2015

Depository Institutions


  • For PROFIT
  • Insured by FDIC
  • ANYONE can open an account
  • Offers many services (checking, savings, loans, credit cards, investments, ect...) but charges MORE FEES


  • NOT for profit
  • Insured by NCUA
  • MEMBERSHIP requirements
  • Offers many services, lower fees/rates, and accounts gain higher interests rates


  • Paid by taxpayers
  • Mandated by government to support each division and their service
  • Types: income, payroll, property, sales, excise

* Examples: State, Federal, FICA, Retail Sales, Retail Excise