Credit Unions

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what is a credit union? It is a depository institution that is owned by its depositors who belong to an organisation e.g religious group
Are credit unions for profit or non profit organisations? Credit unions operate as non profit businesses
_______ is a depository institution credit union
Financial institutions that accept deposits and make loans are called ______ institutions depository
Credit unions are like mutual savings banks in that they are owned by their depositors, but in addition they invest mainly in ___________ loans Consumer loans

what is a credit union?

Are credit unions for profit or non profit organisations?

_______ is a depository institution

Financial institutions that accept deposits and make loans are called ______ institutions

Credit unions are like mutual savings banks in that they are owned by their depositors, but in addition they invest mainly in ___________ loans

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