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Originally Posted by Robbie
Okay...but this sounds dumb.
If they both do the same thing...then why is one a "bank" and one a "credit union"?
And why doesn't every company and everyone take their money out of "banks" and put it in "credit unions"?
I guess I'm shy of it because it all sounds too good to be true.
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Credit unions are non-profit. Every account holder is a owner. They charge just enough to operate ... profits are not part of the equation with them.