Credit unions often offer the same range of consumer loans that banks and other financial institutions do.

Question

Quizplus · Accepted Answer

Credit unions typically offer a variety of consumer loans such as personal loans, auto loans, mortgages, and credit cards just like banks and other financial institutions. However, credit unions may have different eligibility criteria and may offer lower interest rates and fees compared to traditional banks.

Credit Unions Often Offer the Same Range of Consumer Loans