Types of Financial Institutions Explained | Banks, Credit Unions & More

Financial institutions play different roles in serving consumers, businesses, and investors. Understanding these differences is an important foundation for anyone working in banking or financial services. In this course module, you’ll learn about the major types of financial institutions, starting with central banks, retail banks, commercial banks, and investment banks. You’ll see how each operates, the clients they serve, and the financial products and services they provide. The lesson also explores universal banks, large banks, community banks, online and digital banks, credit unions, building societies, and savings and loan associations. You’ll learn how these institutions differ in their structure, ownership, geographic reach, and approach to banking. By the end of the lesson, you’ll have a clearer understanding of the financial institutions that make up the banking industry and where each fits within the broader financial system. Continue learning with CFI: https://cfi.to/usZiM Subscribe to CFI for more practical lessons on banking, financial analysis, and corporate finance. #Banking #FinancialInstitutions #Finance