Just getting started... Big Bank vs Credit Union Bus. Account?

[Kang Thao]

HELLO! We are in the process of closing on our very first multifamily, a 4plex, at the end of this month. It needs some work done in all the units, but we are excited non the less. Everything in REI is still new to us, but we have been doing tons of reading and researching on BP.

I know we need to setup a separate bank account from our personal finances to run our rental properties business, but not sure if we should go through a "big bank" or "small bank"/credit union.   We were wondering what all you experienced investors' opinions are (pros/cons of each for use on rental properties) and if you have any really good banks/credit unions you would recommend for up here in the MN Twin Cities area.  Thank you in advance!

Kang T