Types of Financial Institutions
Autumn Picarsic
Credit Unions
- Offer many banking services, but are owned by their customers, which are called members
- Credit unions are not for profit
- Credit unions offer over 10,000+ ATMs around the globe
- You are a member for life, even if you move cities or change employers
- There are over 7000 credit unions in the United States
Commercial Banking
- For profit businesses
- Have the power to make loans
- Open to anyone who wants to utilize a depository institution
- Offer numerous financial services
- Usually the largest depository institutions
Citations
http://www.mycfcu.com/post/10_facts_about_credit_unions.html
http://money.usnews.com/money/blogs/my-money/2011/03/01/8-facts-you-should-know-about-credit-unions
https://www.britannica.com/topic/commercial-bank
https://www.masoncontractors.org/project/harborstone-credit-union-lacey-branch-office-building/
http://morelock-ross.com/services/commercial-building-experts/commercial-building-banking/