The primary use of credit union funds is
A) loans to credit union members.
B) the purchase of government securities.
C) the purchase of agency securities.
D) the purchase of corporate bonds.
E) none of the above

Question

Quizplus · Accepted Answer

The primary use of credit union funds is to provide loans to credit union members. This is because one of the primary functions of credit unions is to promote thrift and provide credit to its members. Therefore, credit unions use the funds they obtain through member savings to provide loans to members at competitive rates.

The Primary Use of Credit Union Funds Is