Credit Unions are good for more simple account management. They're not necessarily up to date on the tech, and generally have less products to offer. I wouldn't want to run my business out of a credit union, but if I'm a young person looking to open my first bank account a credit union isn't a bad choice. I don't know much about Navy Federal or USAA, but I've never heard a bad thing about them!

A bank will generally have higher interest rates and fees, because we are for profit institutions. But with these higher interest rates and fees comes more convenience on accessing your funds, better online banking systems, and a wider array of complex loans to help businesses grow.

I like to think of community banks as a good middle ground between mega-banks and credit unions. A community bank will provide you far more convenience than a credit union, and far better customer service than a mega-bank.

Credit Unions are good for more simple account management. They're not necessarily up to date on the tech, and generally have less products to offer. I wouldn't want to run my business out of a credit union, but if I'm a young person looking to open my first bank account a credit union isn't a bad choice. I don't know much about Navy Federal or USAA, but I've never heard a bad thing about them!

A bank will generally have higher interest rates and fees, because we are for profit institutions. But with these higher interest rates and fees comes more convenience on accessing your funds, better online banking systems, and a wider array of complex loans to help businesses grow. I like to think of community banks as a good middle ground between mega-banks and credit unions. A community bank will provide you far more convenience than a credit union, and far better customer service than a mega-bank.

Credit Unions are good for more simple account management. They're not necessarily up to date on the tech, and generally have less products to offer. I wouldn't want to run my business out of a credit union, but if I'm a young person looking to open my first bank account a credit union isn't a bad choice.

A bank will generally have higher interest rates and fees, because we are for profit institutions. But with these higher interest rates and fees comes more convenience on accessing your funds, better online banking systems, and a wider array of complex loans to help businesses grow.

I like to think of community banks as a good middle ground between mega-banks and credit unions. A community bank will provide you far more convenience than a credit union, and far better customer service than a mega-bank.