- For Profit
- Anyone can use them
- Has Insurance if something happens to the bank
- Usually the largest depositories
- Offer more services such as Credit, Debit, Savings, Etc.
- None Profit
- Must be a member through a "common bond"
- Often pay higher interest rates and have lower fees
- Still have many services but likely not as many as commercial banks
- Has Insurance if something happens to the Union