A credit union is a nonprofit, member-owned financial cooperative.
Added by Gregory C.
Step 1
Step 1: A credit union is a financial institution that is owned and operated by its members, who are also its customers. Show more…
Show all steps
Your feedback will help us improve your experience
Chandra Jain and 67 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Which of the following is a nonprofit financial institution? A. Savings bank. B. Credit union. C. Savings bank. D. Commercial bank.
Chandra J.
A financial institution that accepts deposits makes loans and provides other services as a nonprofit organization is called a: A. Credit Union B. Retail Bank C. Title Pawn Lender D. Payday Lender
Haricharan G.
A national bank that is part of a financial holding company or a bank holding company is mainly supervised by the:________ a. Office of the Comptroller of the Currency. b. Federal Deposit Insurance Corporation. c. National Credit Union Administration. d. Federal Reserve.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD