Answered

scribe the differences in one of these categories.
nber
es a bank or a credit union fit better with your own personal ideas of what you'd like out of
ur banking institution? Why?
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Last updated: 8/19/21



Answer :

GinnyAnswer

Final answer:

Credit unions and commercial banks serve different purposes based on their business models. Understanding the banking sector's diversity can help in making informed choices.


Explanation:

Credit unions and commercial banks have distinct characteristics that can align with individual preferences. While commercial banks focus on profit-making, credit unions prioritize member benefits and typically offer better rates for loans and savings accounts. Small banks, large regional players, and megabanks make up the competitive U.S. banking sector, each catering to different customer needs.


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