An essential characteristic of credit unions is that
A)they are typically large.
B)branching across state lines is prohibited.
C)their lending is primarily for mortgage loans.
D)they are organized for individuals with a common bond.

Question

Quizplus · Accepted Answer

Credit unions are organized for individuals who share a common bond, such as living in the same community or working for the same employer. This distinguishes them from banks which are open to the general public.

An Essential Characteristic of Credit Unions Is That