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Mutual Savings Bank Vs Credit Union

AprilW   |     |   1 posts since 2014

What is the difference between a mutual savings bank that is owned by it's members and a credit union?  Is there any reason to go with one over the other?

Shorebreak   |     |   4,116 posts since 2010
Mutual savings bank Vs Credit Unions?

Best Answer...

Mutual savings bank Vs Credit Unions?
paoli2   |     |   2,293 posts since 2011
Back in my day they used to also call them Homesteads but seemed to have dropped that label in a lot of cities.  I think they are the same as Mutual Savings Banks now.