________ are nonprofit, member-owned financial cooperatives that offer a full variety of banking services such as accepting deposits and making loans.

Question

Quizplus · Accepted Answer

Credit unions are nonprofit, member-owned financial cooperatives that offer full banking services. Mutual thrift associations are also financial cooperatives, but they are not necessarily nonprofit and may not offer the full range of banking services. Commercial banks are for-profit institutions and mutual fund companies are investment firms.

________ Are Nonprofit, Member-Owned Financial Cooperatives That Offer a Full