🎧 PODCAST SHOW NOTES

Episode Title: Credit Unions vs Banks — What’s the Difference in Canada?Module: Module 4 — All About BankingPodcast: Maple Leaf Money

Episode SummaryBanks and credit unions offer many of the same services, but they are structured differently behind the scenes. In this episode, we explain the key differences between banks and credit unions in Canada, including ownership, fees, deposit protection, technology, and community focus. This episode is designed to help students, newcomers to Canada, and everyday Canadians choose with confidence.

In This Episode, You’ll Learn:

What banks and credit unions have in common

How ownership differs between banks and credit unions

How profits are used in each model

Why fees and interest rates can vary

The difference between national and community-based institutions

How deposit protection works at banks and credit unions

The role of C.D.I.C. and provincial deposit insurance

How to decide which option may suit your needs best

Key Concepts Explained:Banks, credit unions, ownership, fees, deposit protection, Canada Deposit Insurance Corporation (C.D.I.C.), provincial deposit insurance, financial confidence.

Who This Episode Is For:Students, young adults, newcomers to Canada, and anyone who wants a clear, calm explanation of how banks and credit unions differ.

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