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I don't know very much about the banking system, but I had a roommate in college who was a business/finance student, and always told me, "Banks are for business

I don't know very much about the banking system, but I had a roommate in college who was a business/finance student, and always told me, "Banks are for businesses. You, as a person, don't have enough assets to make a bank care about you. Credit Unions are for people." I don't know if he is right or not, but I've been a die-hard CU member for the last 12 years, and would never go back to a bank for my personal finances.

Svip 13y ago
Must be different in the US. I don't even know the term for 'credit unions' in my native language, everyone here uses a bank. Although, the larger banks tend to favour businesses, while the smaller banks tend to favour people. As far as I can gather from Wikipedia, it seems that in other languages, the term for 'Credit Union' still includes the word 'bank', so that might be the confusion. Still, I don't believe my bank technically is a credit union. Also, bankers here aren't dicks.