Which of the following is a nonprofit depository institution that provides services only to members who have a common affiliation?
A) Commercial bank
B) Savings institution
C) Credit union
D) Finance company

Question

Quizplus · Accepted Answer

Credit unions are nonprofit depository institutions that offer banking services exclusively to members who share a common affiliation, such as employment or geographic location. Unlike commercial banks and savings institutions that serve the general public for profit, credit unions return profits to their members in the form of lower fees and higher savings rates.

Which of the Following Is a Nonprofit Depository Institution That