Credit Union vs. Bank: Which is Right for You?

Making a choice between a bank and a credit union? Here’s what you need to know.

Understanding the Distinction

Traditional banks operate as for-profit businesses, while member-owned institutions like WyHy Credit Union are non-profit and member-owned. That distinction 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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