Artificial intelligence is helping banks and credit unions reduce friction points in their customer experiences and more, per ...

While the total number of credit unions has declined by 30 percent since 2012, the assets owned by credit unions have more than doubled, from $1.02 trillion to $2.17 trillion.

Credit unions exist to serve their members' financial needs. They operate as not-for-profit organizations under a member-centric model, where the interests of their members take precedence. Unlike ...

Meritrust Credit Union’s membership voted in favor of the proposed merger with Premier Members Credit Union (PMCU), ...

Credit unions have many of the same banking products as banks, but they don't operate for profit. Instead, the credit union is made up of members who pay small fees to access financial services.

While many of the nation’s 4,760 credit unions still operate this way, a growing number of online credit unions have adopted the approach popularized by branchless, online-only banks, making it ...

Whether you choose banks vs. credit unions comes down to finding a middle road between the services you need and the experience you want. Expert take: When examining whether credit unions vs ...

The primary difference between the two is that banks operate as for-profit businesses while credit unions operate as not-for-profit businesses in which each member is a shareholder.

Banks and credit unions both have boards of directors, but the two operate differently. While bank boards are paid, credit union boards are volunteers elected by credit union members.

Banks vs. credit unions: The pros, cons of each and how to choose which is right for you Banks are for-profit and credit unions are not-for-profit, meaning different things for customers.

Banks often offer services credit unions don’t, while credit unions keep costs low. Consider the pros and cons of each when trying to determine which is best for your financial situation.