An essential characteristic of credit unions is that ________.
A) they are typically large
B) branching is prohibited
C) their lending is primarily for mortgage loans
D) they are organized for individuals with a common bond

Question

Quizplus · Accepted Answer

Credit unions are typically organized for individuals with a common bond, such as a shared employer, community, or membership in a specific organization. This is an essential characteristic that sets credit unions apart from other financial institutions.

An Essential Characteristic of Credit Unions Is That ________