Question

Which type of savings institution is owned and operated by the same people who have accounts in it?

A. Savings and loan institution
B. Commercial bank
C. Savings bank
D. Credit union

Answer 1

D. Credit union

Explanation:

Credit unions offer a significant number of similar monetary administrations as banks however frequently utilize different wording. Regular administrations incorporate offer accounts (savings accounts), share draft accounts (actually look at accounts), credit cards, share term (certificates of deposit), and internet banking.