Keeping your funds in a financial institution will protect your money from risk of loss or misplacement or theft, and to boot, your money will work for you earning interest while it sits. And while there may still be some confusion regarding credit unions (credit unions being similar to banks but technically not FDIC insured) your money is still equally safe with a credit union as it would be with a bank.

You’ve set aside your starter fund. You’ve found your dream house. The next step is finding the right source for a mortgage loan. Commercial banking may seem like the straightforward choice, but  credit union mortgage loans are often your best option. If you’ve found the perfect house, here’s what you need to know about mortgage originations with credit unions and finding the low mortgage rates you desire.

Both major banks and credit unions offer similar products, savings accounts and checking accounts, loans and many other vital financial services, but few people weigh out the pros and cons to make the best financial decision for them and their family.