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

Trying to decide if a bank or credit union is right for you? Here’s what you need to know.

Understanding the Distinction

Traditional banks operate as for-profit businesses, while member-owned institutions like WyHy Credit Union are non-profit cooperatives focused on serving members. That difference can result in competitive rates and a strong commitment to the community.

Advantages of Joining a Credit Union

With credit unions, you’re not just a customer; you’re a member. This translates to lower fees, competitive loan rates, and a say in how things run.

So, which is better for you? Reflect on your priorities: better rates, fewer fees, or community involvement. Stop by WyHy to learn more!

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