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Though customers look to banks for their financial needs, these institutions are not the only options available. The most attractive institutions to compete with banks are credit unions. They offer the same products as banks do but at more competitive interest rates and generally with no fees. Banks are owned by stockholders and credit unions are formed by customers. Since customers are the owners, there is less pressure to meet earnings and profit targets, and more attention is given to competitive products that are focused strictly on the consumer and the community.
Using the assigned readings for this module, the Argosy University online library resources, and the Internet, respond to the following:
Having read about banks and credit unions, do the following:
As part of your initial post, also respond to the following:
Write your initial response in 1–2 paragraphs. Apply APA standards to citation of sources
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