Fill out the financial institution comparison chart located in the printed manual. Ask your parents which institutions they are familiar with and use. Banks loan money to individuals and businesses. Savers and borrowers are brought together in a financial institution or a credit union. Credit Union - Money deposited is normally loaned to members.
Membership usually consists of people in a given job, trade industry or other affinity group.
Does not accept deposits or make loans. Customers can carry large amounts of cash on which they do not earn interest. Mortgage - A loan secured by property, typically a home loan in which the lending institution holds title to the home until the loan is paid.