1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bezzdna [24]
3 years ago
8

What is the difference between a Bank and a Credit Union?

English
2 answers:
omeli [17]3 years ago
8 0

Answer:

~Banks~

*For-profit institutions that may be privately owned or publicly traded

*No membership required

*Generally lower savings rates and higher fees

*May be national or local

*Typically offer many, varied financial products

*FDIC provides deposit insurance

~Credit unions~

*Nonprofit institutions owned by members

*Membership required

*Often higher savings rates and lower fees

*May be national or local

*May be more limited in the financial products offered

*NCUA provides deposit insurance

Explanation:

The bottom line is that banks are for-profit institutions, while credit unions are non-profit. Credit unions typically brag better customer service and lower fees, but have higher interest rates. Both banks and credit unions provide similar services such as checking and savings accounts, loans and business accounts.

Talja [164]3 years ago
6 0
A Bank is a financial institution that accepts deposits from the public and creates credit while a Credit Union are non profit.

So basically, a Bank is for-profit and a Credit Union are non profit. :)
You might be interested in
The term suffrage refers to the
Kay [80]
<span>The term suffrage refers to the right to vote ....
<span>
Hope it helps !!!

</span></span>
8 0
3 years ago
Read 2 more answers
The reader can tell from the Article that __________.
Vikki [24]
D The Starbucks store was getting ready to close when the two mn arrived
6 0
2 years ago
Please HELP.can anyone write a dialogue for me about the evils of watching television in a 100 words between two... my class is
Sergio039 [100]
TV can make you gain weight, and become lazier. Around a TV, you're eyes focus on the screen, which can blind not only the eyes but the brain. TV is not healthy
5 0
3 years ago
Have I achieved success? Why or Why not? answer in one paragraph
Anna007 [38]
The easy part of your response is to assert confidently that you do consider yourself a success. Make sure you look the recruiter in the eye and sell the statement with a confident tone, but without bragging. The more challenging task, however, is to back up your assertion. It's important to provide the interviewer with evidence of how you achieved success in the workplace.

Provide one or two examples of times when you have set and met a professional goal. Briefly explain how you achieved each success – perhaps you overcame an obstacle, effectively managed a team, or budgeted your time effectively. The goal is to demonstrate your determination and willingness to take on challenges and achieve results.

You might also mention successes you hope to achieve in the future or are currently working to achieve. For example, if you mention your successful sales record, you may also want to explain how you hope to improve upon that success in the future. It will demonstrate that you are hungry for new challenges in the new position.
7 0
3 years ago
Read 2 more answers
Direct Hit
Ostrovityanka [42]
D: to deacribe a tough gyt falling in love
7 0
4 years ago
Read 2 more answers
Other questions:
  • WILL GIVE BRAINLIEST!!!!!
    12·2 answers
  • How does Arthur Miller use Abigail Williams as 'power' in The Crucible?
    5·1 answer
  • Summary of poem her head by joan murray
    12·1 answer
  • Help a girl out here thanks
    15·1 answer
  • Who are the main characters in Robert Cormier's "The Moustache"?
    10·2 answers
  • Which statement would be MOST important to include in a summary of the article?
    15·1 answer
  • Should I watch
    9·1 answer
  • What is your take on the school day being extended for an additional hour?
    13·1 answer
  • How do the tourists expectations differ from those of people who must live there all the time?(A small piece)​
    15·1 answer
  • Do you think the penalty meted out to Mr. Toad was justified?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!