A significant disadvantage for credit unions in competing with commercial banks is the severe restriction in the variety of products and services that they can offer.

Question

Quizplus · Accepted Answer

This statement is false. While credit unions may have some limitations compared to commercial banks, they can offer a variety of products and services such as loans, savings accounts, checking accounts, credit cards, and more. Additionally, credit unions often offer lower fees and better interest rates on these products compared to commercial banks.

A Significant Disadvantage for Credit Unions in Competing with Commercial