differences between commercial bank, non-bank financial institutions?
440061
A Commercial bank issues loans and conducts personal wealth management sometimes. Depending on the laws of different countries, you may only be able to deposit money to a commercial bank.\n\nA Commerical bank profits mostly from the interest differences and service charges.\n\nNon-bank financial institutions are typically investment banks and funds. Investment banks are agents that conducts stock offering sponsorship, debt offering sponsorship, merger and acquision, financial advising, and etc. Funds include venture capital funds, which invests in the equities of early stage companies, growth fund, which invests after venture capitalists, financial funds, which invests in the equities of pre-IPO firms, and other funds such as pension funds, insurace funds, and mutual funds which invest in stocks, bonds, and government securities.\n\nInvesetment banks profits from fees they charge and the underwriting spreads.\n\nFunds profits from captial gains, dividents, and debt interest.
582259
Investment banks do business in areas such as merger and acquisition, underwriting for IPOs, security sales and trading, equity research, etc. Basically they do banking for business, as opposed to regular banks which do business in savings and loans for average consumers.
1060309
I think it depends on the business. Is it a financial institution? Mortgage company you are talking about? \n\nIn that case, I believe it is in the UCC which is a Federal Document.
736229
Credit Unions \n - Are not-for-profit institutions \n- Can serve only those individuals within their field of membership \n- Have members, each person who deposits money has a share of ownership Members elect a volunteer Board of Directors to represent their interests \n- Are member service-driven\n- Return profits to members in the form of lower loan rates, higher savings rates and free or low cost services. \n- Are federally insured by the National Credit Union Administration \n\nBanks\n- Are profit-oriented institutions\n- Can serve anyone in the general public  \n- Are federally insured by the Federal Deposit Insurance Corporation \n- Return profits to a small group of stockholders \n- Are profit-driven \n- Have a paid Board of Directors who represent the owners; \ncustomers do not have voting privileges \n- Democratically controlled by members Controlled by stockholders and paid officials \n- Have customers with no ownership in the organization
688802
Banks, libraries, financial services
281454
Look up any bank's website.  Do they have banks in your country?
595406
Depends on where your located...BanCorpsouth, Republic Bank, Century Bank, just a few I know of....If you do a search for "NON CHEXSYSTEM BANKS"  you can browse alist of banks more suited to your area
620163
name the bank and country...
1011760
I doubt anyone here can give much more than a bank or two.\nUse your browser and type in all the banks, by name, that you can think of, or use your local Yellow pages. for names.  They may even have their web addresses listed.\nAt these sites you will see all their benefits and services offered.\nAs to atmosphere, you will have to visit banks and compare them yourself.
1017968
Lack of fees.  The banking industry and phone companies have gone absolutely insane with stupid little screw-the-consumer fees and I'm tired of it.\n\nI 'bank' with a credit union now, as they have the least amount of fees but even they are starting to go that route.\n\nCustomer service...the desire to do things to make it better for me.  Desire to help, ability to help.  Things like that.  This does not mean trying to sell me things and services, just being courteous and helpful.\n\nUsually what gets me to switch banks is that my current bank has pissed me off...usually due to fees but sometimes due to a lack in service.
809622
Credit Unions are typically owned and funded by their members. These members usually have access to great rates on credit cards and loans since you become, essentially, a part owner of the bank. They also typically give great rates on savings accounts. Credit unions typically have some sort of organizational affiliation such as BECU (Boeing Employees Credit Union) which started off as a credit union for ONLY Boeing employees. While on paper they may look great, they typically are limited to small numbers and don't offer all the conveniences and accessibility of larger corporate banks.\n\nCorporate banks typically cannot compete with credit union rates but can offer a wider range of financial tools and locations than credit unions. Corporate banks are not necessarily owned by its customers. They are typically publicly held and the profits are distributed to shareholders (C, BAC, WFC, WM, ...) rather than returning the earnings to the customers. Most people can be a customer of most commercial banks as opposed to credit unions which usually require the affiliation of the bank.\n\nIf you are deciding between the two, decide what is best for your spending and travel habits. I chose to go with a larger bank because I travel a lot and it's nice to have the convenience of being able to stop by a branch and talk with a teller. If you don't travel as much and don't need as much convenience, definitely go with a credit union because you will get better rates on credit as well as savings.
626275
I worked in a bank for six years.  I started out as a teller and wound up in the commercial loan department.  Banking can teach you a lot about how the financial world works.  It is different from accounting, but still has references there.  It can teach you how to sell because you are selling products to your customer.  If you get into the commercial side, it is a lot about socializing and selling.  Plus, you learn what it takes to build credit, build businesses and the like.  You also learn how a bank truly works which can help you out in your own finances.  You learn what to look for when it comes to loans and credit cards.  You learn all of the fees that are really just a way of saying "We want more of your money."  It's not a bad job to have.  I now work in the legal field.
937578
A credit union is "member owned" where a bank is private. Credit unions are also considered "not for profit" where a bank is in business only for profit.\n\nCredit Unions offer more interest on savings and less interest on loans. Banks are trying to shut them down because of this.\n\nCU is the way to go.
250706
there is no reason why a commercial bank and finance company combine for the following reasons;\na commercial bank works under the overall supervision of an organ of the goverment like reserve bank of india.the common goal of all commercial banks is to provide banking services to the enterprise in the country so that economy remains vibrant.\nthe working norms,credit aspects and lending rates are closely supervised by a central govt owned agency like reserve bank of india.\non the other hand a finance company has a limited role and generally confines its activities by serving a few.they work under the supervision of their owners like partners or board as the case may be.\nthe only common feature in both is that providing finance!\nexcept this they are poles apart!
813839
Each bank is different.  When I worked in banking, all you needed was a drivers license.
1082947
PFCU- Philadelphia Federal Credit Union.  They're non-profit.
326672
It doesn't look like they have one.  Not all small i-banks have them, especially if they're just a boutique firm.  Call them up if you want more information about them.