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I am looking for a bank that is around the nation or at least in the Great Lakes area (Chicago, Michigan, Ohio) and the North-East (New York, Jersey area). I would like to go with a credit union that is local but I will be moving around in a year a two, so that will not work. I need to find a financial institution in the next week or two and decide, what do you think. Thank You for the replies!!
I like the benefits, and personal attention, of a credit union. When I move every now and then, I simply transfer everything to a new credit union. As for any services, they don't care how long I've been a member.
I have both, and use my bank far more than the CU, because of convenience, they have branches everywhere.
Dealing with a CU is doing business with a small mom and pop store, whereas with a bank with 5000 branches, you are a number lost in the shuffle.
Both have advantages and disadvantages...
Very much depends upon what your needs are from a banking institution.
If all you need is a personal use loan, checking and mdoest savings accounts, and typical individual financial services, than a credit union may be perfect for your needs.
But, if you need a small business banking relationship, or you're a "high net worth" client needing more than the basics, a larger national bank relationship may be what you need to develop.
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