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3 years ago

What are the primary assets of credit unions?

Business

1 answer:

Feliz [49]3 years ago

5 0

Answer:

The correct answer is B.

Explanation:

Savings and credit cooperatives or, simply, credit cooperatives are cooperative societies whose corporate purpose is to serve the financial needs of their members and third parties through the exercise of the activities of credit institutions.

Savings and credit cooperatives are also known for their acronym in English, SACCO: Savings and Credit Cooperative.

These cooperatives are usually local and seem to be more suited to rural areas. Above all they have access to external funds and they are properly managed. And although there is a World Council of Credit Unions (WOCCU) there are few local or rural cooperatives associated with it.

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Hey Army

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What are the primary assets of credit unions​?

What are the primary assets of credit unions?