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givi [52]
4 years ago
11

Explain how credit unions differ from banks.

Social Studies
2 answers:
Alex777 [14]4 years ago
6 0
Hello

Credit unions<span> are not-for-profit financial cooperatives, whose earnings are paid back to members in the form of higher savings rates and lower loan rates. </span>Banks<span>are for-profit corporations, with declared earnings paid to stockholders only.
</span>
Hope this helps
Plz mark me as Brainliest
Setler79 [48]4 years ago
4 0

Answer:

credit unions are nonprofit financial institutions

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