ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An non-profit organization cooperative that provides bank related services and is owned by it’s members
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A for-profit institution that offers mortgages, personal loans, and other services
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I fore fit all of this stuff is such a apple
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an institution that charges massive amounts of interest
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Detailed explanation-1: -A credit union is a not-for-profit financial institution that accepts deposits, make loans, and provides a wide array of other financial services and products.
Detailed explanation-2: -A credit union is a self-help co-operative whose members pool their savings to provide each other with credit at a low interest rate. To be part of a credit union you have to share a common bond with other members. This is something you all have in common such as: living or working in the same area.
Detailed explanation-3: -A credit union is a type of financial organization that is owned and governed by its members. Credit unions provide members with a variety of financial services, including checking and savings accounts and loans.
Detailed explanation-4: -A credit union is a type of financial cooperative that provides traditional banking services.
Detailed explanation-5: -Examples of financial co-ops include Navy Federal Credit Union, Alliant Credit Union and PenFed Credit Union.