A. Credit unions are owned by members and provide a variety of services to members. Most importantly, they provide free ATM services, online banking, low rate loans, and higher rate savings accounts. For example, for new car loans, average bank's loan rate is 5.19%, but average credit union's loan rate is only 2.87%.
Your deposit at the credit unions is safe too - you will have the same FDIC protection as bank deposits do.
To find a credit union that is near you, visit MyCreditUnion.gov and search one.