Credit unions are owned by the members (customers) of the credit union, and are not-for-profit. I’m a member of a credit union. I pay no fees for my bank accounts, and get (somewhat) not-insignificant dividends for both my checking and savings. Also, my mortgage is through the credit union, and was a MUCH better deal than any other banks in the area could provide (mortgage brokers regularly refer people to the credit union I use for refi’s). Also, they have pretty competitive CD promotions from time to time.

I will never go back to BoA.