Financial Institutions

Commercial Banks Vs. Credit Unions

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Commercial Banks

> Work/serve for a profit

> Serve customers and other businesses

> Most popular form of financial institutions

> Offer the largest amount of use to customers

> Open to everyone

Credit Unions

> Ran and owned by customers

> Exclusive to only certain people

> Non-profit

> Tend to have larger interest rates on deposited money

> Have lower interest on money that has been loaned

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