Question

What is a credit union?

a-a bank that takes deposits but does not make loans
b- a bank that specializes in retirement savings accounts
c- a modified type of savings and loan that makes loans for housing
d- a cooperative lending institution for a particular group

Answer 1

The answer you are looking for is D.) A cooperative lending institution for a particular group!

Answer 2

D.) A cooperative lending institution for a particular group.


Typically, you must be a member to participate in a credit union.