In many ways, credit unions are similar to banks, offering many of the same services.<br />However, they're member-owned, not-for-profit organizations, whereas banks are typically corporate-owned and for-profit.<br />And according to Business Insider, credit unions tend to offer low fees and attractive interest rates on loans and credit cards.<br />That's because they exist to serve their members, not corporate shareholders.<br />However, you have to meet certain criteria to join one. You may be eligible to join by virtue of where you live, where you work, or family connections.<br />And remember, credit unions tend to have far fewer brick-and-mortar locations to visit in person than large banks.
