Final answer:
A credit union is a members-only bank that provides short-term consumer loans and long-term financing for real estate and home improvements.
Step-by-step explanation:
A members-only bank that specializes in short-term consumer loans but may also provide long-term financing of real estate, equity loans, and home improvements is a Credit union.
Credit unions are nonprofit financial institutions that are owned and run by their members. They accept deposits from members and primarily focus on making loans back to their members.
Keywords: credit union, short-term consumer loans, long-term financing, real estate, equity loans, home improvements.