07/21/2025
While credit unions have many of the same financial services as a bank (ATM/debit card, checking accounts, savings accounts), credit unions are actually owned by their account holders (called members). So, instead of passing profits to stockholders of the bank, benefits are circled back to the account holders, often leading to lower fees and more community-oriented services. This makes credit unions a great opportunity for a new account (or even if a previous account has been closed at a bank).
Stay tuned for our next BrightUp Money Mantra post when we’ll highlight some of the credit union options in Washington, D.C!
