Credit Unions were generally less affected than other depository institutions by the recent financial crisis because

Question

Quizplus · Accepted Answer

Credit Unions were generally less affected by the recent financial crisis because they had a higher proportion of their assets in consumer loans and government or agency securities. Consumer loans tend to be more stable, and government or agency securities are considered safer investments, which helped protect them during the crisis.

Credit Unions Were Generally Less Affected Than Other Depository Institutions