Understanding the Different Types of Financial Institutions
Financial institutions do far more than hold checking accounts. From traditional banks and credit unions to community development loan funds and investment firms, each type of institution plays a unique role in lending, investing, and supporting local economies. Understanding how these organizations operate can help consumers make more informed and socially responsible financial decisions.
Credit Union Designations and What They Mean
Not all credit unions are created equal. Learn what the Low-Income (LICU), Community Development (CDCU), and CDFI designations mean—and how they signal a credit union’s real commitment to serving low- and moderate-income communities.