A credit union is
A) a combination of credit card corporations.
B) a depository institution owned by a social or economic group.
C) a thrift institution that issues credit cards.
D) a commercial bank owned by its depositors.

Question

Quizplus · Accepted Answer

Credit unions are member-owned financial cooperatives that provide savings, credit, and other financial services to their members. They are owned and controlled by the people who use their services, who are typically bound by a common bond of association like working for the same employer or living in the same community.

A Credit Union Is