Bank or Credit union?

Credit Unions technically are owned by depositors, and don't pay federal income tax.
You must be part of some group to join a credit union, usually based on who employs you or where you live.
Credit union are insured by the National Credit Union Administration (NCUA) which has the same government backing that the FDIC has.

These differences really are not important to the customer (called members for credit unions).
Usually, but not always credit unions are smaller and offer better prices. Banks will usually have more branches, ATM machines, and more products.

As a consumer, you should just find the best financial institution who's products match your desires.

Just google "difference between bank and credit union" and you'll get dozens of hits that explain it.

Here's a good one:

http://www.mmhabits.com/difference-betwe...

at a bank you have an account but are not one of the stockholders unless you purchase stock. in a credit uion each member is one of the stockholder and has an account.

CREDIT UNION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!...