The smallest average-sized depository institution is ________.

Question

Quizplus · Accepted Answer

Credit unions are typically smaller than commercial banks and savings and loan associations. They are member-owned financial cooperatives that serve a specific community or group of individuals, and often have a focus on personal service rather than maximizing profits. Due to their smaller size and community focus, credit unions tend to have smaller average assets and deposits than other types of depository institutions.

The Smallest Average-Sized Depository Institution Is ________