Answer:
Credit unions typically have a target market of individuals or organizations who share a common bond, such as a particular profession, community, or interest group. This common bond forms the basis for membership eligibility, which is a requirement for joining a credit union.Credit unions are generally not-for-profit organizations that are owned and operated by their members. As such, their target market is often people who are looking for a financial institution that is focused on serving their needs rather than generating profits for shareholders.In addition, credit unions typically offer competitive interest rates on loans and savings accounts, as well as lower fees than traditional banks. This makes them an attractive option for individuals and organizations that are looking for affordable financial services.
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