Vault’s Viewpoint. Credit union mortgages come with low rates and fees and are easier to qualify for. Bank mortgages don’t have any membership requirements and utilize the latest technology.

The main difference is that a loan from a credit union often has a lower interest rate than a loan from a bank—however, you’ll have to join the credit union to apply for one.

Unlike a retail bank, where just about anyone can apply for a mortgage, at a credit union you have to be a member. And most credit unions have requirements you have to meet before you can join.

Interest rates: Credit unions typically offer better interest rates on savings and loans, largely due to the fact that they don’t have the same need as the banks to turn a profit.

2. I enjoy the perks of membership. When I dealt with a bank, I was a customer. As a credit union member, I'm an owner. Sure, I may only own a tiny slice of the credit union, but as a member, I'm ...

For borrowers with fair or bad credit who can't qualify for a personal loan through a traditional bank or lender, a credit union may be an option. While credit unions will still consider your ...

Credit union and bank CDs may be insured for up to $250,000 in the event of financial institution failure. Credit union CDs may be called share certificates, and they may pay higher dividends ...

Thrivent's now-defunct credit union was once Thrivent Financial Bank, a Wisconsin-based thrift that the company converted into a credit union 13 years ago. The decision to return to the company's ...

VyStar Credit Union unveiled this week Do Good. Bank Better.℠, a brand campaigns inspired by the people, businesses and organizations that it serves.

Last year, 45% of new State Employees’ Credit Union members opened an account online, rather than in our physical branches, said McKone, noting that in past years, that number was much lower.

Does paying bills on time ensure a high credit score? Are credit cards generally better than debit cards for most purchases? CNBC senior personal finance correspondent Sharon Epperson joins TODAY ...