Banks Vs. Credit Unions

QUESTION: Jonas asks about the pros and cons of credit unions as opposed to banks.

ANSWER: I’m a huge fan of credit unions and I endorse them in local communities. They are the equivalent of the old-time, small town bank. They actually have a soul and a different spirit of how they approach the customer. Since a lot of them aren’t going for a profit, account members are like owners. I also like small community banks. But the big banks don’t know or care about you, no matter how much money you have.