Credit Union vs. Bank: Which is Right for You?

Wondering whether to go with a bank or a credit union? Let’s break it down.

How Do Banks and Credit Unions Differ?

Banks are for-profit institutions, while member-owned institutions like WyHy Credit Union are non-profit cooperatives focused on serving members. That distinction can mean better rates and more community focus.

Advantages of Joining a Credit Union

Credit unions treat you as a member rather than just a customer. This means lower fees, attractive loan rates, and the ability to have a voice in decisions.

What’s the best option for you? Reflect on your priorities: better rates, fewer fees, or community involvement. Stop by WyHy to learn more!

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