Bank Loan vs. Credit Union Loan Comparison Tool

Manually input loan offer details to compare key financial aspects.

** VERY IMPORTANT - PLEASE READ **

This tool provides an **illustrative comparison** based on your inputs.
Actual loan terms, APRs, fees, and approval are subject to lender verification and policies, which vary greatly.
Credit unions (or cooperative banks) typically require membership.
This is **NOT financial advice.** Always review official loan documents and consult professionals.

Desired Loan Amount ($): (Common for both scenarios)

Annual Interest Rate (APR %):

Loan Term (Years):

Origination Fee:

Application Fee ($): (If any)

Other Upfront Fees ($): (Lump sum)

Annual Interest Rate (APR %):

Loan Term (Years):

Origination Fee:

Application Fee ($): (If any)

Other Upfront Fees ($): (Lump sum)

Aspect	Banks	Credit Unions / Co-op Banks
Ownership	For-profit (Shareholders)	Not-for-profit (Member-owned)
Membership	Generally open to public	Typically required (based on employer, location, association etc.)
Primary Goal	Maximize shareholder profit	Serve members' financial needs
Rates & Fees (General Tendency)	May be higher	Often lower due to non-profit status
Service	Varies, can be less personal	Often more personalized, community-focused
Product Range	Usually very broad	May be more limited, but often covers core needs
Accessibility	Often extensive branch/ATM networks	May have fewer physical locations