Credit unions typically pay higher rate of return on savings than banks and savings and loan associations.

Name: Credit unions typically pay higher rate of return on savings than banks and savings and loan associations.
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Quizplus · Accepted Answer

Credit unions operate as not-for-profit organizations and are owned by their members, so they are able to offer higher interest rates on savings and lower interest rates on loans compared to traditional banks and savings and loan associations.

Credit Unions Typically Pay Higher Rate of Return on Savings