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Subjects>Business>Finance

What is the differentce between a bank and a credit union?

Anonymous

∙ 10y ago

Updated: 4/28/2022

A bank's profits go to the bank and its chief officers. The profits of a credit union go back to its members.

Wiki User

∙ 10y ago

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Q: What is the differentce between a bank and a credit union?

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What are the three difference between a bank and a credit union?

A bank holds and stores money, and a credit union is for a temporary holding for money, and your only suppose to have a certain amount of money in the credit union

Is orkfield credit union a valid bank?

yes Orkfield credit union is a valid bank here in the UK

How much money does a credit union bank teller earn?

Credit Union Bank tellers earn the same salary as bank tellers.

How can you obtain credit from HSA bank?

"Almost any bank or credit union can be an HSA provider. In order to obtain credit, credit has to be in good condition. Check with your local bank or credit union for more information."

Is Standard Credit Union Bank a real bank?

No

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Related Questions

What are the three difference between a bank and a credit union?

A bank holds and stores money, and a credit union is for a temporary holding for money, and your only suppose to have a certain amount of money in the credit union

Does frank billy work for standard credit union bank?

Frank Billy work for Standard credit credit union bank?

Is orkfield credit union a valid bank?

yes Orkfield credit union is a valid bank here in the UK

How much money does a credit union bank teller earn?

Credit Union Bank tellers earn the same salary as bank tellers.

How can you obtain credit from HSA bank?

"Almost any bank or credit union can be an HSA provider. In order to obtain credit, credit has to be in good condition. Check with your local bank or credit union for more information."

Is Standard Credit Union Bank a real bank?

No

How is a credit union different from a retail bank?

a credit union is a non pprofit entitly, a reatail bank is a forprofit entity!!

Is USAA Bank considered a credit union?

No, USAA Bank is not considered a credit union. It is a federal savings bank that primarily serves military members and their families.

What are three organizations that use credit reports?

a bank, credit union, etc. issuing credit cardsa bank, credit union, etc. making car loansa bank, credit union, etc. making mortgageslandlords, however they only get a very limited partcriminal investigation agenciesetc.

Is belonging to a credit union better than a bank?

Most people who have associated with both will tell you that the credit union is better. There are many benefits to having a membership with a credit union that a bank does not offer.

What is a characteristic of credit union?

A credit union is owned by all the people who have money deposited at the credit union, as opposed to a bank, which is owned by its shareholders.

What is standard credit union's cot code?

Cot code for standard credit union bank

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