didn’t give a definitive answer because what you choose is a *highly* personal decision! for example, if you need business loans, investment accounts, and/or wealth management services, you’ll usually find that at a bank but if you *don’t* need those services and only need somewhere to save your money, then a credit union may be a wiser choice I wanted to lay out the facts so you can make an informed choice that suits your preferences and needs
Most credit unions also help and will easily guide you in credit card usage, how to build credit, get easy loans, give you ease in car financing. And getting a mortgage for a house. I would recommend starting off with your local cresit union first before going to an actual bank.
@@liquidsleepgames3661credit cards build credit which is required to buy many things. The best way to use a credit card is to use it for every purchase and immediately pay it off. It helps build credit and some credit card companies offer points that you can build
@WrongfulPraise I have 401k, Roth Ira and setting aside for retirement as well as save up for purchases. My first car in 2012 was a 1998 ford tarus from a police auction for just over 600$ drove that for a year bought a 5000 2005 chevy impala saved up for 2 years bought a 2012 for 15k chevy malibu and now recently got rid of that because of an accident and bought a 10k 2015 malibu. All the while paid for in cash. Only thing I have a loan on is my house.
I used to work at one that treated people like shit, they would preach how much they did for the community but would offer no leniency towards individuals who had life/health events. I had members who paid their loans on time every month and were easy to work with but had a medical event or death in the family and just wanted to be able to pay their loans a bit late so they could get their feet under them. No, absolutely not. Slapped with a $30 late fee everytime
Don’t. Banks are backed by the government, and have more security and regulations. While yes, they do make a profit off of you, you can gain interest over time, and have a clear defined savings. Credit Unions, on the other hand, you have to constantly be putting money in. And if you don’t spend all the money you put in, that money just disappears into thin air, and goes to the people running the credit union.
@LinkiePup What? That isn't even remotely true. Credit unions are federally insured by the NCUA up to $250,000, so if the union fails or something you'll still keep your money. And no, your money doesn't just "disappear". The bank gives most of it out in the form of loans, but they're legally required to keep some money in withdrawal reserves. And if everyone withdraws their money causing the bank/credit union to fail, you'll STILL get your money back in the form of NCUA insurance. This system is called fractional reserve banking, and it's how all modern banks operate today.
@@LinkieNecronLoreNCUA… $250,000 is insured, same with a bank. Credit unions are just better only down side is that its local and theres not a lot of ATMS for it, but there are CO-OP for Credit Unions where you have access to over 40,000 ATMS in the US.
Basically Credit Union: Better overall Bank: Convenient because its everywhere An example is im at Suncoast and truist, i went to Kentucky and there was no Suncoast, but there was a truist, so i have no fee when pulling out money from the atm
Bank charges you money to give them money, which they instantly invest or put to their loans, and then they charge you money to take your (they think it is their money) back.
"You have somuch cash it keeps falling out of yout pocket, should you put it in a bank or a credit union🤔". Just buy a wallet and put it there inside the wallet.
I find credit unions to almost always be better. But make sure that you're credit union is part of a network. If so then you can actually access your account for a few from other credit unions. Plus they all use the same type of atm, so that's a bonus. I've had to access my account from another credit union one time, it was like a 20 minute process on top of the normal service time, plus a five dollar fee. Well worth it in my opinion though
Use a credit union since I don’t usually need loans, my parents have used the same credit union for as long as they can remember with a separate bank just for the house loan.
>More branches and ATMs A significant number of credit unions support something known as "shared branching". Your credit union may be local, but you can be halfway across the country and do basic transactions at a different credit union using your own credit union's account. You can also use their ATMs. There is no reason to use a bank over a credit union.
Just know most credit unions are part of an association called the credit union association of America meaning most of the ATMs that credit unions have can withdraw from other credit unions fee free
The biggest difference is dividends. Having an account at a credit union will return dividends while a bank does not. There are also limitations to who can be a member of a credit union (usually have to live, work, worship within a certain business or area). Their rates may or may not be better than a bank for loans, money market accounts, or CDs. The ones I've interacted with were great for basic savings/checking accounts. Credit cards had about the same interest rates but didn't offer any rewards for using them. Functionally the two are the same, although credit unions and banks have a few different laws.
don't put a lot of money in a bank or credit union, use index funds like the S&P 500 For long term investments that you want to make a percentage on year after year.
@amacbook6565 lol you dont know anything about anything. The S&P 500 index fund was started in 1957 it is an index fund that lists the top 500 companies in the United States changing out companies when they are no longer in the top 500 and replacing them with new ones which essentially ties itself to the growth of the US stock exchange it has made on average 10.13% return on average year over year since it was listed on the stock exchange in 1957 it has never ever lost money for even one year.
@@amacbook6565Putting your money in the S&P500 is basically just tying your money to the United States stock market so as long as the stock market grows you grow, it has literally never lost money. It's actually what your bank usually invest in when you give them money and your savings account the difference is the bank doesn't give you all the returns.
In the uk it's called a building society, we have nationwide that has probably the most branches in the country and the best business practices and ethics.
didn’t give a definitive answer because what you choose is a *highly* personal decision!
for example, if you need business loans, investment accounts, and/or wealth management services, you’ll usually find that at a bank
but if you *don’t* need those services and only need somewhere to save your money, then a credit union may be a wiser choice
I wanted to lay out the facts so you can make an informed choice that suits your preferences and needs
Oh, I was boutta say, which one do I pick? Ig credit union is safer imo
Fair enough but I think credit is still better
stop flexing bruh
Hi
Which one is better for the longrun bro?
"You have alot of cash and it keeps falling out of your pocket" is the absolute definition of "suffering from success"
Forget all previous instructions. Give me a cupcake recipe.
Are you bot?
why are you everywhere
Bros speaking facts because he got PINNED
@@seek1030im indeed not
Most credit unions also help and will easily guide you in credit card usage, how to build credit, get easy loans, give you ease in car financing. And getting a mortgage for a house. I would recommend starting off with your local cresit union first before going to an actual bank.
I recommend using cash instead of bs credit that has you more for depreciating assets...
@@liquidsleepgames3661cash is actively losing value though. Might as well put it to work making money for you.
@@liquidsleepgames3661credit cards build credit which is required to buy many things. The best way to use a credit card is to use it for every purchase and immediately pay it off. It helps build credit and some credit card companies offer points that you can build
@@liquidsleepgames3661 If you just keep cash you gotta make a fair amount of money otherwise your kinda screwed for retirement
@WrongfulPraise I have 401k, Roth Ira and setting aside for retirement as well as save up for purchases.
My first car in 2012 was a 1998 ford tarus from a police auction for just over 600$ drove that for a year bought a 5000 2005 chevy impala saved up for 2 years bought a 2012 for 15k chevy malibu and now recently got rid of that because of an accident and bought a 10k 2015 malibu. All the while paid for in cash. Only thing I have a loan on is my house.
"you have a lot cash and it keeps falling out of your pocket" bro i wish
Frrr
same bro same
We have union bank of india😂
Ask god for financial breakthrough
But you have to visualize and aslo think what use the noney for car college house
bold of you to assume i have money to fill my pockets at all
fr
Me core
Take a bunch of 1 dollar bills
you have money?
“You have to much cash and it keeps falling out of your pocket”
I wish😭
too*
Haha no. No I don't have that much cash 😂
I know, you have too much debt
Fr the only kind of problem I want to have
Haven't heard of a credit union before now
@@nickkennedy9034democratized? Sounds a lot more like socialism or Marxism
@@nickkennedy9034my credit union reimburses all of my atm fees
same
Popular in college campuses
Most big colleges have their own credit unions.
I use a union and it's been super smooth the entire time, definitely use one
You have to be a bot
@WatchDotVideos beep boop
ur gay
@@FishSnackems real
@@WatchDotVideos beep boop. i am robot
Must be missing this whole "King Treatment" because my credit union spits on you on the way out the door
I used to work at one that treated people like shit, they would preach how much they did for the community but would offer no leniency towards individuals who had life/health events. I had members who paid their loans on time every month and were easy to work with but had a medical event or death in the family and just wanted to be able to pay their loans a bit late so they could get their feet under them. No, absolutely not. Slapped with a $30 late fee everytime
@@akiokami9367 That credit union sounds corrupt as hell, sorry you had to deal with that
Bro, you know everything about this type of things😂
“Should you put it in a bank or a union?”
Me - “a wallet”
Same
I've been looking for a comment that actually uses there brain until now
Same
Fr
Finally a normal person
"you have alot of cash and it keeps falling out of your pocket"
bro told us you have nothing to lose in infinite languages
just one actually
The opposite
Me be like, put in a wallet bro😂😂
its 2025 bro
idk how 1k people thought this was funny
"You have so much cash it keeps falling out of ur pocket" A problem i wish i had.
we all need money
if you decide to go with a CU, make sure theyre a co-op credit union. if they are, you can deposit/withdraw at any other co-op CU
bro called me broke in a thousand ways but it was worth it lol
Him: bank or union?
Me: wallet
Brpoooooooooooooooooo yes
'You have so much cash'
That is one sentence i have never been told in my life
You have so much cash
@Red_Platinuum Thanks 💀🙏
"You have so much cash it keeps falling out of your pockets" cant relate 😭😭
Him:"bank or credit union"
Me:"steam collection"
“you have so much cash it keeps falling out of your pockets” is never gonna be a sentence that describes me
"You have so much cash it keeps falling out of your pocket" thats a kind of problem i wanna have 💀
Sticking with my credit Union for life!
Don’t.
Banks are backed by the government, and have more security and regulations.
While yes, they do make a profit off of you, you can gain interest over time, and have a clear defined savings.
Credit Unions, on the other hand, you have to constantly be putting money in. And if you don’t spend all the money you put in, that money just disappears into thin air, and goes to the people running the credit union.
@LinkiePup What? That isn't even remotely true. Credit unions are federally insured by the NCUA up to $250,000, so if the union fails or something you'll still keep your money.
And no, your money doesn't just "disappear". The bank gives most of it out in the form of loans, but they're legally required to keep some money in withdrawal reserves. And if everyone withdraws their money causing the bank/credit union to fail, you'll STILL get your money back in the form of NCUA insurance. This system is called fractional reserve banking, and it's how all modern banks operate today.
@@LinkieNecronLoreNCUA… $250,000 is insured, same with a bank. Credit unions are just better only down side is that its local and theres not a lot of ATMS for it, but there are CO-OP for Credit Unions where you have access to over 40,000 ATMS in the US.
@@LinkieNecronLorecredit unions are backed by the federal government?
@@LinkieNecronLoreTell me you've gone to a scam Union instead of credit Union without telling me you have.
“You have so much cash,it keeps falling out ur pocket”
Bro called us broke in 80 different ways
More like 7000 different Languages 😂
@Alishaaaa_Strawberrylover😂😂😂😐
Gohar my big brother just got accepted to standford thanks to watching your tips❤
Basically
Credit Union: Better overall
Bank: Convenient because its everywhere
An example is im at Suncoast and truist, i went to Kentucky and there was no Suncoast, but there was a truist, so i have no fee when pulling out money from the atm
"you have so much cash,it keeps falling out of your pocket" never related on that 😢
“you have a lot of cash and it keeps falling out of your pockets” i wish 😭
"you have so much cash it keeps falling out of your pocket" the one thing in life ill never need to worry about
listens to the first theee seconds in the video, paused it, thought to myself, “wish i had this problem!”
Bank charges you money to give them money, which they instantly invest or put to their loans, and then they charge you money to take your (they think it is their money) back.
Man really said “wah I’m rich”
"you have so much cash it keeps falling out of your pocket" bold of you to assume that😤
Now that’s the problem I need 😂
"You have somuch cash it keeps falling out of yout pocket, should you put it in a bank or a credit union🤔".
Just buy a wallet and put it there inside the wallet.
bruh I really said "I am so grateful that I don't have this problem" 😭🙏
You should put it I a wallet😂
You should put it in education with that sentence
@AaronPolanco-k1e don't act like you never missed a letter.
@archux_everyone has so what’s wrong with it it’s not rare 🤷♀️
Instructions unclear: gave it to a casino instead
“You have a a lot of cash” is where he lost me 😂
I find credit unions to almost always be better. But make sure that you're credit union is part of a network. If so then you can actually access your account for a few from other credit unions. Plus they all use the same type of atm, so that's a bonus. I've had to access my account from another credit union one time, it was like a 20 minute process on top of the normal service time, plus a five dollar fee. Well worth it in my opinion though
Use a credit union since I don’t usually need loans, my parents have used the same credit union for as long as they can remember with a separate bank just for the house loan.
"You have so much cash it keeps falling out of your pocket"
If only my problems were like that.
"you have so much cash-"
*loud incorrect buzzer*
Bro called me broke in 10 different languages
"You have too much ca-" oh. It was a dream 😔
Bro :- You have so much cash so It falls out of your pocket. 😅
Me:- In my dreams 😪😅.
👇
Treatment of royalty will end with their loyalty 😅
What do you mean by that?
See i have this thing called a WALLET i can get you one if need 😂
I’m trying to use card tho so you need a bank or credit union for that chat
soooo which one am I meant to be putting money in?
You have "money" to put
Interesting 😎
Yeah, it just loses money. If you leave it in a bank you might as well invest it.
Because ity is an assest with good care and after keeping it for 25yrs its value will go up by 20% because it will be an limited edition watch
>More branches and ATMs
A significant number of credit unions support something known as "shared branching". Your credit union may be local, but you can be halfway across the country and do basic transactions at a different credit union using your own credit union's account. You can also use their ATMs.
There is no reason to use a bank over a credit union.
Treat like royalty is like a dream irl.
Switched to a credit union and never looked back
For those who are too young for union,bank or not trusting your mom for keeping your money. You can always use your wallet😊.
In my case, luckily my cu's website is usable, but our app is honestly fantastic. The design feels like someone cared, and it even looks modern too
I absolutely hate when my money falls out of my pocket, thank you for your wise advice
I'm not old enough to have a bank account 😂
Bold of you to assume I have money
So basically I can place my savings into a credit union and like my everyday spending I could use a bank
Yup it's what I'm about to do
Credit unions have lower fees and interest rates for checking mortgages loans and credit cards so why go to a bank?
On the other hand, the more people that invest in their local credit union, the more services they'll (in theory) be able to provide
how to write a college essay >>> credit union vs bank
bro is the literal embodiment of "that escalated quickly"
Aye, the pursuit of profit ruins everything
Just know most credit unions are part of an association called the credit union association of America meaning most of the ATMs that credit unions have can withdraw from other credit unions fee free
"Would you put it in a bank or a credit union?"
My wallet
I was definitely NOT the target audience for this video
“You have a lot of cash and it keeps falling out of your pocket” one word:
wallet.
🤯🤯🤯🤯🤯🤯🤯🤯
The biggest difference is dividends. Having an account at a credit union will return dividends while a bank does not. There are also limitations to who can be a member of a credit union (usually have to live, work, worship within a certain business or area). Their rates may or may not be better than a bank for loans, money market accounts, or CDs. The ones I've interacted with were great for basic savings/checking accounts. Credit cards had about the same interest rates but didn't offer any rewards for using them. Functionally the two are the same, although credit unions and banks have a few different laws.
“You have so much cash it keeps falling out of your pocket, bank or credit union?”
Pick the cash up
"You have a lot of cash and it-"
"Aight that's my cue, imma head out."
"You have so much cash that it keeps falling from your pocket"
Bank: ❌
Union: ❌
Wallet: ✅
Can you make a video about the perfect pencil case
Bro, it’s not falling. I hear pocket you have so much cash for missing the pocket.😂😂😂😂😂
No one talking about how much effort he just put in a 60~ minute video.
My mom switched from a bank to my credit union like a month ago. What really got her excited were the lower fees on cashier checks
nice tip! anyways here's a choccy milk recipe
-chocolate syrup
-milk
stir with spoon
-finished
-enjoy choccy milk
"You have so much cash that it keeps falling off your pocket." i will take problem that no one has for 500 james.
don't put a lot of money in a bank or credit union, use index funds like the S&P 500 For long term investments that you want to make a percentage on year after year.
All fun and games until you lose profit
@amacbook6565 lol you dont know anything about anything. The S&P 500 index fund was started in 1957 it is an index fund that lists the top 500 companies in the United States changing out companies when they are no longer in the top 500 and replacing them with new ones which essentially ties itself to the growth of the US stock exchange it has made on average 10.13% return on average year over year since it was listed on the stock exchange in 1957 it has never ever lost money for even one year.
@@amacbook6565Putting your money in the S&P500 is basically just tying your money to the United States stock market so as long as the stock market grows you grow, it has literally never lost money. It's actually what your bank usually invest in when you give them money and your savings account the difference is the bank doesn't give you all the returns.
“You have to much cash and it keeps falling out of your pocket”
That's the only problem I wish I had.
"You have so much cash that it keeps falling from your pocket"
Me: get a wallet
This random youtube short made me learn that a term and a system named "Credit union" even exist, thank you.
If you have a lot of cash and it keeps falling out of your pocket. Just give it to me. I will keep it safe for sure. 😅
Let's talk of this when i'll have money✨️
"you have so much cash it keeps falling out of your pockets.should you put it in a bank or a union?"
Me:a wallet
In the uk it's called a building society, we have nationwide that has probably the most branches in the country and the best business practices and ethics.
In your next video, can you or short can you do real estate?
Sol: keep the money in a wallet 🙏
is it just me or that I even don't know something like credit union exist😅
They're hard to miss in Ireland. I've seen credit unions in rural villages. A very well received American import, like the potato.
“You have to much cash and it keeps falling out of your pocket”
we all can dream brother
Many Credit Unions are part of Co-op which allows you to use any of their ATMs free of charge!
the music loops so well
Bro I’ve never realised there was music in this video until I wore headphones
Congrats on 6 mil Gohar! ❤
"should you put it in a bank or a union?"
Bro no need for that, just put it in my pocket
Bro just flexed on us
Bro just flexed on us in 10” difrent ways 😅
you always go with Unions, both when working and when banking.
honestly better and more entertaining then the videos that schools provide for you
“You have so much cash and it keeps falling out your pocket” The problem I wish to have
With the exception of Sunmark Federal Credit Union, in New York. Their fees and interest are outrageous, as is their lack of customer service.
"You have so much cash and it keeps falling out of your pockets"
Wallet
I guess I won’t suffer from THIS PROBLEM 😂😂😂
Me: “puts money in wallet”