Bankrate insight. There were 4,614 banks and 4,645 credit unions that were federally insured in the third quarter of 2023. (FDIC and NCUA)While the number of credit unions declined from the ...

For instance, as of March 31, 2023, the national average rate for a one-year certificate of deposit with $10,000 was 2.28% for credit unions and 1.74% for banks. Navy Federal is an example ...

Explore the differences between credit unions and traditional banks, and learn how to join one. ... Lorence suggests using the Your Money Further search tool to find a credit union near you.