There are a lot of perks to living in and around Helena, Montana. A beautiful location and the capital of the state, it still offers that small town feel, with all the amenities and features you would expect in a major city.
One of the first things that anyone, moving to the city will want to find is a top financial institute. In this area of the country, there is a good selection of state and national financial services as well as some that are uniquely local.
There are two different options to consider when looking at different possibilities. One is to choose from national or statewide banks, and the other is to consider credit unions. While often lumped together in the eyes of the consumer, they are actually two very different business models.
The Differences
The biggest differences between banks and credit unions are that the credit union is a not-for-profit cooperative while a bank is a for-profit company or corporation. This means that the credit union is actually owned by the members, who have voting rights and options to become involved.
The bank, on the other hand, is a corporation that must answer to shareholders. The bank exists to service customers and to earn profits for the shareholders and stakeholders in the corporation.
Making a Choice
Whether you are considering banks or credit unions in Helena, Montana, it is essential to understand the services they offer and the fees charged for those services.
Look for financial institutions that are geared for local lending and support of people and businesses in the Helena area. Compare the cost of services as well as check into the ability of the bank or credit union to respond to your particular financial needs.
These financial needs can include basic checking and savings accounts, personal or business loans, mortgages and car loans as well as investments and retirement savings support.
