Technically, because credit unions are ________ by their members, member deposits are called ________.

Question

Quizplus · Accepted Answer

Credit unions are owned by their members, meaning that the deposits made by members are essentially ownership shares in the organization. Therefore, the term "owned" is the most accurate descriptor for member deposits, and the term "shares" is commonly used to refer to them. Choice A and B are incorrect, as the term "managed" does not accurately reflect the nature of member deposits in credit unions. Choice C is closer, but still not as accurate as Choice D, as it uses the term "managed" instead of "owned."

Technically, Because Credit Unions Are ________ by Their Members, Member