What Is a Credit Union—and How Is it Different From a Bank?

iStock/sshepard
iStock/sshepard

Between the 2008 financial crisis and the recent Wells Fargo fiasco, consumers have grown distrustful of banks and are considering credit unions as an alternative place to park their cash. Just like banks, credit unions accept deposits and make loans—so how, exactly, are they different?

For one, they have a democratic history. The first credit unions were established as cooperatives, meaning the people who kept their cash in the credit union also helped manage it—and they still operate this way today. As such, you are treated as a member, not a customer, and have the right to vote on a board of directors. Typically, personal finance expert Tal Frank tells mental_floss, membership often means you can expect better service at a credit union than at a big bank.

“However, if comparing a credit union to a community bank or a small local bank, you will probably find that you get a high level of service at both," Frank says. "The smaller guys try harder. They also have more of a personal connection with clients or members.”

Credit unions are also non-profit organizations. "So, unlike banks, they don't have stockholders who expect to receive a quarterly dividend payment," Timothy Wiedman, a retired associate professor of management and human resources at Doane University, tells mental_floss. "And without the need to pay stockholders, federally insured credit unions can benefit their members by keeping fees low.”

As Weidman says, because they’re non-profit, credit unions can use any excess earnings to offer customers lower rates and better financial products. “Most banks pay lousy rates of interest, have too many fees, charge too much for those fees, and charge too much interest when loaning money,” says Wiedman. “Virtually all federally insured credit unions beat most banks in nearly every one of those categories.”

But the fact that they're community-focused cooperatives doesn't mean credit unions are a free-for-all: They operate under certain rules set by an organization called the National Credit Union Administration (NCUA). In addition to setting guidelines, the NCUA also insures your funds (just as the FDIC—Federal Deposit Insurance Corporation—does your deposits at a bank).

Interested an opening an account? Credit unions are a bit more exclusive than banks. “In the olden days, one had to be an employee of a particular company or member of a certain group to join a credit union,” Frank says. “Over the years that distinction has eroded for many credit unions. Guidelines changed to include allowing membership for family, a specific occupation, or all those who live in a geographic area (even as large as an entire state). As an example, Delta Community Credit Union is the largest in Georgia. Although there are ‘membership eligibility’ guidelines, the guidelines are so broad that it is pretty much open to anyone.”

Many credit unions will expand their membership to people outside of an industry or area if you make a small charitable donation, too. The Pentagon Financial Credit Union, for example, is typically only open to military employees, but just about anyone can get a membership with a one-time $15 donation to Voices for America's Troops or the National Military Family Association.

If you’re looking for a credit union, ASmarterChoice.org is a good place to start your search. You'll need to vet the credit union carefully, as you would any other financial institution: Make sure they are indeed insured by the NCUA, and read member reviews on comparison sites like NerdWallet and Bankrate. If convenience is important to you, you’ll also want to check out their mobile and online banking options to make sure they fit your needs.

10 LEGO Sets For Every Type of LEGO Builder 

Amazon
Amazon

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If you’re looking for a timeless gift to give this holiday season, look no further than a LEGO set. With kits that cater to a wide age range—from toddlers fine-tuning their motor skills to adults looking for a more engaged way to relax—there’s a LEGO set out there for everyone. We’ve rounded up some of our favorite sets on Amazon to help you find the LEGO box that will make your loved one smile this year. If you end up getting one for yourself too, don’t worry: we won’t tell.

1. Classic Large Creative Gift Box; $44

Amazon

You can never go wrong with a classic. This 790-piece box contains dozens of types of colored bricks so builders of any age can let their inner architect shine. With toy windows, doors, tires, and tire rims included in addition to traditional bricks, the building possibilities are truly endless. The bricks are compatible with all LEGO construction sets, so builders have the option of creating their own world or building a new addition onto an existing set.

Buy it: Amazon

2. Harry Potter Hogwarts Express; $64

Amazon

Experience the magic of Hogwarts with this buildable Hogwarts Express box. The Prisoner Of Azkaban-inspired kit not only features Hogwarts's signature mode of transportation, but also Platform 9 ¾, a railway bridge, and some of your favorite Harry Potter characters. Once the train is built, the sides and roof can be removed for play within the cars. There is a Dementor on board … but after a few spells cast by Harry and Lupin, the only ride he’ll take is a trip to the naughty list.

Buy it: Amazon

3. Star Wars Battle of Hoth; $160

Amazon

Star Wars fans can go into battle—and rewrite the course of history—by recreating a terrifying AT-AT Walker from the Battle of Hoth. Complete with 1267 pieces to make this a fun challenge for ages 10 and up, the Walker has elements like spring-loaded shooters, a cockpit, and foldout panels to reveal its deadly inner workings. But never fear: Even though the situation might look dire, Luke Skywalker and his thermal detonator are ready to save the day.

Buy it: Amazon

4. Super Mario Adventures Starter Course; $60

Amazon

Kids can play Super Mario in 3D with LEGO’s interactive set. After constructing one of the courses, young designers can turn on the electronic Mario figurine to get started. Mario’s built-in color sensors and LCD screens allow him to express more than 100 different reactions as he travels through the course. He’ll encounter obstacles, collect coins, and avoid Goomba and Bowser to the sound of the Mario soundtrack (played via an included speaker). This is a great gift for encouraging problem-solving and creativity in addition to gaming smarts.

Buy it: Amazon

5. Gingerbread House; $212

Amazon

Gingerbread houses are a great way to enjoy the holidays … but this expert-level kit takes cookie construction to a whole new level. The outside of the LEGO house rotates around to show the interior of a sweet gingerbread family’s home. Although the living room is the standout with its brick light fireplace, the house also has a kitchen, bedroom, bathroom, and outdoor furniture. A LEGO Christmas tree and presents can be laid out as the holidays draw closer, making this a seasonal treat you can enjoy with your family every year.

Buy it: Amazon

6. Elsa and Olaf’s Tea Party; $18

Amazon

LEGO isn’t just for big kids. Toddlers and preschoolers can start their LEGO journey early by constructing an adorable tea party with their favorite Frozen characters. As they set up Elsa and Olaf’s ice seats, house, and tea fixings, they’ll work on fine-motor, visual-spatial, and emotional skills. Building the set from scratch will enable them to put their own creative spin on a favorite movie, and will prepare them for building more complicated sets as they get older.

Buy it: Amazon

7. Collectible Art Set Building Kits; $120

Amazon

Why buy art when you can build it yourself? LEGO’s Beatles and Warhol Marilyn Monroe sets contain four options for LEGO art that can be built and displayed inside your home. Each kit comes with a downloadable soundtrack you can listen to while you build, turning your art experience into a relaxing one. Once you’re finished building your creation it can be exhibited within a LEGO brick frame, with the option to hang it or dismantle it to start on a new piece. If the 1960s aren’t your thing, check out these Sith and Iron Man options.

Buy it: Amazon

8. NASA Apollo Saturn V; $120

Amazon

The sky (or just the contents of your LEGO box) is the limit with LEGO’s Saturn V expert-level kit. Designed for ages 14 and up, this to-scale rocket includes three removable rocket stages, along with a command and service module, Lunar Lander, and more. Once the rocket is complete, two small astronaut figurines can plant a tiny American flag to mark a successful launch. The rocket comes with three stands so it can be displayed after completion, as well as a booklet for learning more about the Apollo moon missions.

Buy it: Amazon

9. The White House; $100

Amazon

Reconstruct the First Family’s home (and one of America’s most famous landmarks) by erecting this display model of the White House. The model, which can be split into three distinct sections, features the Executive Residence, the West Wing, and the East Wing of the complex. Plant lovers can keep an eye out for the colorful rose garden and Jacqueline Kennedy Garden, which flank the Executive Residence. If you’re unable to visit the White House anytime soon, this model is the next best thing.

Buy it: Amazon

10. Volkswagen Camper Van; $120

Amazon

Road trip lovers and camping fanatics alike will love this vintage-inspired camper. Based on the iconic 1962 VW vehicle, LEGO’s camper gets every detail right, from the trademark safari windshield on the outside to the foldable furniture inside. Small details, like a “Make LEGO Models, Not War” LEGO T-shirt and a detailed engine add an authentic touch to the piece. Whether you’re into old car mechanics or simply want to take a trip back in time, this LEGO car will take you on a journey you won’t soon forget.

Buy it: Amazon

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Why Do Cats Throw Up So Often?

Pixabay, Pexels
Pixabay, Pexels

Nearly every cat owner is used to regularly finding something their kitty coughed up hidden around their home. Vomiting in cats can happen so often that it's easy to grow desensitized to the behavior, but veterinarians say that the sight of your cat throwing up should never be ignored. Though it's usually benign, vomiting may indicate a health problem that needs to be taken care of.

To gauge whether your cat's puke is a sign of something serious, look for certain clues. According to The Spruce Pets, eating too fast is one of the most common causes of vomiting in cats, and it's usually harmless. If your cat hacks up undigested food immediately following meal times, that's likely the culprit. This behavior can be prevented by feeding your pet smaller portions, or adding an obstruction like a medium-sized ball to their bowl that they have to eat around. If the problem still persists, there may be something else causing it.

Hairballs are another potential source of your cat's retching. They may be just a gross annoyance to you, but to your cat, they can pose a serious health risk. Cats cough up the fur they can't digest, and if they don't, it could create a dangerous obstruction in their bowels. One way to help your hairball-prone cat is to brush them regularly. That way, there will be less fur for them to lick up.

These are the less concerning reasons for a cat to throw up. Vomiting can also be a symptom of health problems like feline inflammatory bowel disease, feline diabetes, hyperthyroidism, and chronic kidney disease. It's also possible that your cat ingested something harmful.

If there's no obvious explanation for your cat's vomiting, it's a good idea to reach out to your vet. While throwing up one to three times a month is considered normal, a cat that throws up multiple times in a short period may need medical attention. When analyzing your pet's behavior, look for other symptoms as well: Cats that exhibit symptoms like diarrhea or loss of appetite in addition to throwing up should always be taken to the vet.

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