Banks vs. Credit Unions

Two of the most important depository institutions are banks and credit unions. While they share many commonalities, they also have important differences. It is these differences I will focus on, in terms of structure, clientele base, and regulation.
One significant area that banks and credit unions differ in is regarding their structure. In terms of size, banks are the largest group of depository institutions; individually, they are much larger than credit unions. Their liabilities are made up of various types of nondeposit sources of funds, and they have a broad...