Which of the following is not an advantage of credit unions?
A) They can offer attractive rates to their member savers and borrowers because they are nonprofit and therefore are not taxed.
B) Their noninterest expenses are relatively low, because their labor, office, and furniture are often donated or provided at a very low cost through the affiliation of their members.
C) Their large membership allows them to effectively diversify geographically.
D) All of the above are advantages of credit unions.

Question

Quizplus · Accepted Answer

Credit unions typically have a smaller membership base compared to large banks, which limits their ability to diversify geographically.

Which of the Following Is Not an Advantage of Credit