Question

NEED ASAP PLEASE

What is NOT an advantage of a credit union over a commercial bank?


Credit union deposits are insured up to $250,000.
Credit union loan rates may be better than in a commercial bank.
Credit unions tend to be more stable than commercial banks.
Credit unions often have better customer service than commercial banks.

Answer 1

The answer is B. Hope this helps.

Answer 2

I would say B. because the loan rates if they are higher than they may charge you more for certain stuff like when you have a loan they will charge you more so more people can get more loans and if you were to deposit quite a bit of money if you want it a certain day you might not be able to get it due to more people getting loans while the bank uses your money.