Banks, Credit Unions, and Consumer Loans Comparison Essay by Master Researcher

Banks, Credit Unions, and Consumer Loans
A comparison and contrast of banks and credit unions and how they make consumer loans.
# 89203 | 1,575 words | 6 sources | 2006 | US
Published on Dec 01, 2006 in Business (Finance, Investment and Banking) , English (Comparison)

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This paper compares and contrasts the practices of banks and credit unions regarding different types of consumer loans. An argument is made that the types of products offered by these different institutions is driven by their institutional make-up and their operational goals. Some scenarios are considered to determine what consumers might expect from these product offerings.

From the Paper:

"When consumers decide to borrow money in today's financial marketplace, they face more choices and must navigate around more dangers than ever before. Not only are there numerous instruments available to people of different financial means, each marketed in various ways and with varying levels of disclosure, there are also many different types of institutions accessible to them. This paper will compare and contrast the two most common institutions that make consumer loans, banks and credit unions, in terms of their structure, general loan policies, and common instruments. After laying the groundwork for each type of institution, several generic scenarios will be presented for typical consumers wishing to obtain a loan, in order to determine what kinds of offers might be made by a typical bank or credit union."

Cite this Comparison Essay:

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