Yes, though banks use "VP" in a title the same way "Senior" is used in software.

This is a legal thing - a vice president or above is required to sign off on a large loan (like a house loan which isn't all that big to a bank). Thus banks give lots of people vice president titles, but those people don't have any authority except to give the large loans. They get an impressive title though.

This is even more true at a local credit union.

Add in the co-op network of credit unions, where you can go to any branch of any of the member unions (50k+ branches last time I checked, but it's been awhile) and it's hard for me to understand why people bother with these big banks.

The only reason I'm not currently banking at a credit union is because my wife prefers banks. I can't understand why she does, but ultimately marital harmony is worth more to me than using a credit union. If it wasn't for that, I would never have left my credit union in a million years. They rock.

Sometimes your credit union turns out to be Patelco and you get locked out for a while [1].

Since we can't vet a bank's IT infrastructure, having multiple bank accounts seems like the only way to guard against certain risks.

[1] https://www.northbaybusinessjournal.com/article/industrynews...

When I looked at local credit unions in Arizona, none of them would be able to deal with international transactions.

FWIW, at least near me, credit unions seem to be providing their customers access to shared branching without providing shared branches.

You can't just go to any branch, you've got to confirm they do shared branching. And then they may likely have withdrawal limits that are pretty low. I recently tried to pull $2,500 cash to buy a project car, and couldn't get it done in one day. If I had a big bank, I don't think it would be an issue; or if I had an account at a local bank or credit union with a convenient branch.