Question

Which of the following statement is false?

Group of answer choices
a Credit unions are not taxed.
b Credit unions are thrift institutions.
c Credit unions are owned by depositors.
d Credit unions are open to general public.

Answer 1

c) Credit unions are owned by depositors.

Credit unions are not owned by depositors but rather by the members who hold accounts with them. Depositors, or members, have a say in the credit union's operations and elect a board of directors to represent their interests.