What is the primary sources of funds for credit unions?

Question

Quizplus · Accepted Answer

The primary source of funds for credit unions is individual savings from its members. Credit unions accept deposits and use those funds to make loans to other members. This model allows credit unions to provide more favorable interest rates and terms to their members compared to traditional banks. Premiums paid on policies, employee/employer contributions, and funds from other financial institutions may also contribute to credit union funds, but they are not the primary source.

What Is the Primary Sources of Funds for Credit Unions