devin48526 devin48526

13-08-2024
Business

Answered

Credit unions are for-profit organizations.

A. True
B. False

Answer :

GinnyAnswer GinnyAnswer

13-08-2024

Final answer:

Credit unions are non-profit institutions where members are owners, offering various financial services and insured by NCUA.

Explanation:

Credit unions are non-profit financial institutions where members are owners. They provide various financial services like checking accounts, savings accounts, loans, and credit cards. National Credit Union Administration (NCUA) insures deposits in credit unions.

Learn more about Nature of credit unions here:

https://brainly.com/question/24840237

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