Why the Best Bank for Your Startup May Be a Credit Union

By Robert McGarvey

Just maybe the best bank for your startup is not a bank at all but a credit union. That’s the advice of Rob Stephens, founder of CFO Perspective in Spokane, Washington, where he provides financial consulting for small businesses. “You will get all the benefits of a community bank but better rates,” he explained.

Stephens knows. He has worked as a CFO at several community banks and also put in a 6+ year stint as a senior vice president of finance at a credit union. And he is adamant that, in many cases, a credit union is the better place for a small business to bank.

Continued at Startup Savant.