Which of the following statements is NOT correct? Members of a credit union:
A) are usually from the same profession,the same association or the same residence.
B) can become directors of the credit union.
C) provide the capital required for the credit union to comply with the capital regulation.
D) have one vote each irrespective of the amount of business they have with the credit union.
Correct Answer:
Verified
Q28: Captive sales finance companies are finance companies
Q29: Which of the following statements is NOT
Q30: Which of the following statements is NOT
Q31: The CUFSS:
A)is the regulator of credit unions.
B)is
Q32: Finance companies are NOT ADIs in that:
A)they
Q34: The major class of assets for building
Q35: When interest rates increase the building societies
Q36: Credit union capital predominantly consists of:
A)retained profits.
B)reserves.
C)ordinary
Q37: Finance companies obtain most of their funds
Q38: The major assets of building societies are:
A)mortgage-backed
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