Which of the following financial institutions is organized as a not-for-profit cooperative?

Question

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Credit unions are organized as not-for-profit cooperatives that are owned by their members. Therefore, profits are returned to members in the form of lower fees, higher interest rates, and improved services. Commercial banks, savings banks, and life insurance companies, on the other hand, are typically organized as for-profit institutions.

Which of the Following Financial Institutions Is Organized as a Not-For-Profit