A credit union is different from a savings institution because it:
A)restricts membership to a common group of people.
B)restricts the maximum balance a depositor must have.
C)only makes mortgage loans.
D)will not accept checking deposits.

Question

Quizplus · Accepted Answer

A credit union restricts membership to a common group of people, such as employees of a specific company or members of a specific community. This distinguishes it from a savings institution, which typically does not have such membership requirements.

A Credit Union Is Different from a Savings Institution Because