Which of the following is a nonprofit financial institution? A. Saving bank. B.Credit union. C. Saving bank. D. Commercial bank.

Business

2 answers:

Flura [38]3 years ago

6 0

B.Credit union

hope this helps :)

shepuryov [24]3 years ago

5 0

B. Credit Union A credit union is a nonprofit financial institution.

Out of the choices, a credit union is the only nonprofit organization. No money is made within a credit union and those who use the cooperative are able to borrow money from pooled deposits at generally low interest rates. A credit union offers its members traditional banking services that a commercial bank would offer, but does not take fee's from their money, just a requirement to join.

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