Which of the following financial institutions are considered to be owned by their depositors?

Question

Quizplus · Accepted Answer

Mutual savings banks and credit unions are considered to be owned by their depositors. Mutual savings banks are owned by their depositors, who have voting rights in the bank's management. Credit unions are owned by their members, who also have voting rights in the credit union's management. Commercial banks, savings and loan associations, pension funds, and other savings institutions are owned by shareholders or trustees, not by depositors or members.

Which of the Following Financial Institutions Are Considered to Be