Credit unions are how I manage my money. My parents' money is in a credit union, so that's why I chose one. I inquired as to why they favored credit unions over traditional banks. They claimed it was due to all the fees that conventional banks impose. I have a savings account, a checking account, and a certificate of deposit at the credit union. My parents made my brother and me save half of our birthday and holiday money, which is the only reason I have the CD. They eventually made a purchase of the CD. I despised them then for making us put the money away, but today I'm grateful for what they did. I simply roll it over most of the time and keep it there. I did use some of it, though, as a down payment for my house. Savings bonds were the only bonds I've ever owned; they were gifts from my family. When they reached maturity, my father cashed them out and put the money into the CD. He advised my family to cease purchasing them because we could earn more money from other investments, like the CD. In terms of stocks and bonds, my father is more knowledgeable than I am. My 401K is the closest thing I have to stock ownership. I receive it through my job, and my employer also contributes. Although I have no influence over where my money is invested, I am aware that it is in a mutual fund, which is a safer option than riskier stocks. In general, I don't gamble. I play it safe because I work hard for my money and want to keep it. I like money that is assured. I dislike taking risks. I am aware that investing my money elsewhere might yield a higher return, but as I previously stated, I work hard for my money and want to keep it. Instead of risking losing it if a firm goes out of business, I want to be able to spend it on the things I want. 

Question:

Comment on what I wrote about traditional banks and credit unions' advantages and disadvantage.