Banks vs. Credit Unions

Everyone who knows me knows I like a good "movement!" Whether it's a movement of pleasing classical music, an abundance or rapid progress of events, a "grassroots for a good cause" movement, or (my favorite) "I had coffee on an empty tummy in the morning" movement, I like 'em all and support those that are my favorites or make a big impact.

I do this professionally, too, because I work for the leading provider of financial services to credit unions and their members worldwide. The credit union space is typically referred to as a "movement" as well, because the CU community is a diffusely organized or heterogeneous group of people or organizations tending toward or favoring a generalized common goal.

Some people are saying that the CU movement is in trouble. There's a lot of consolidation in the industry, and attracting new members amid changing charters and on-line bank offerings can be tough. I think there's a lot of confusion over the differences between banks and credit unions, too

I just found a VERY COOL website that helps to differentiate the difference. Check it out!