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5 Feb

Bank vs. Credit Union – A who is who in borrowing

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Posted by: Livian Smith

DLC BLOG

Bank vs. Credit Union – A who is who in borrowing
Bank vs. Credit Union - A who is who in borrowingBanks and Credit unions are often grouped together into one category under “financial institutions”. While they may have several similarities in terms of financial service offerings, in the world of mortgages the banks and credit unions have little in common. As mortgage professionals, we work with both of them and are well versed in the differences between the two. To start with, we will first need to look at the definition of each institution.

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