commercial bank: full service, for profit, loan interest rate higher, account interest may be higher, higher service fees, many locations, FDIC insured

• wells Fargo, bank of America, capital one

credit union: non profit, account interest may be lower, loan interest rates may be lower, fewer locations, member-owned, NCUA insured, FDIC insured

• apple federal, navy federal

savings and loan: home mortgage specialists, loan interest rates may be lower, account interest may be higher, fewer locations

• citizen’s saving and loan

difference between NCUA & FDIC: both provide government-backed deposit account insurance. NCUA applies to federally insured credit credit unions while FICA insures bank deposits