Nina's financial institution has an office next to where she works.Everyone who uses the financial institution's services either works for Nina's employer or is related to someone who does.Nina's financial institution is a ________.

Question

Quizplus · Accepted Answer

A credit union is a financial institution that is owned and controlled by its members, who must have a common bond such as working for the same employer or belonging to the same organization. In this case, everyone who uses the financial institution's services works for Nina's employer or is related to someone who does, making it likely that it is a credit union. A state chartered bank or commercial bank would not necessarily have such a specific membership requirement, while a savings bank is also less likely to have this kind of restriction.

Nina's Financial Institution Has an Office Next to Where She