Which of the following financial institutions is a not-for-profit organization that is open only to members of that institution and tends to offer more favorable interest rates to borrowers and savers?

Question

Quizplus · Accepted Answer

Credit unions are not-for-profit organizations that are owned and operated by the members who use them. They tend to offer more favorable interest rates because they are run for the benefit of their members rather than for the benefit of shareholders or other stakeholders.

Which of the Following Financial Institutions Is a Not-For-Profit Organization