Choosing Between a Credit Union and a Bank

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

Understanding the Distinction

Banks are for-profit institutions, while credit unions, like WyHy, are non-profit cooperatives focused on serving members. That difference can result in competitive rates and a strong commitment to the community.

Benefits of Credit Unions

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

What’s the best option for you? Consider what’s most important to you—rates, fees, or community focus. Stop by WyHy to learn more!

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