2. What do banks offer?
âBanks offer the option of customizing your
saving and checking account.
âAllowing you to have ATM and debit card
usage
âOverdraft protection
âLoans
âBetter rates than other banks
3. What do Credit Unions offer?
⢠Savings and checking accounts
⢠Loans
⢠Deposit insurance
⢠Better locations
⢠Member rewards
⢠Insurance for purchasing stocks and bonds
⢠Lower rates
4. Insurance Companies
â˘Offer a variety of services to protect loved
ones and investments
â˘Ex.
Cars, Businesses, Homes, Children, ECT.
5. Similarities
All three are similar by protecting covering
your money. Banks and credit unions are
similar because they hold your money with a
guarantee it will be there unless the customer
withdraws it.
6. Differences
Insurance companies only things you put your
money into. Credit unions are different than
banks because their are lower rates on
loan, membership access, and NCUA share
insurance coverage for members of a credit
union