The Benefits of Credit Unions

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If you're shopping for a place to keep your money, you have several options. National banks offer the convenience of a large number of ATMs and branches. Local banks give you personalized service. Online banks skip the brick-and-mortar branch system to offer lower rates. Where do credit unions fit in this?

Credit unions are nonprofit financial services organizations. They offer the same services as a bank, but there's one major difference. Unlike banks that must make money and please their shareholders, credit unions share their earnings with their members. That's not the only benefit of banking at a credit union.