How Credit Unions Compare to Banks

Credit unions are a pretty unique financial institution, given that they operate as a not-for-profit. But are they better than the banks? And are they immune to the problems of the banking sector? We dive into it in today's episode.

00:00 - Intro
01:13 – What are credit unions?
03:41 – Why credit unions aren’t more popular
07:14 – Are credit unions immune to failure
07:51 – Advantages of credit unions
09:50 – Deciding where to bank

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DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).

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