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
In which sentence is the word shelter used as a predicate nominative?
Alona [7]
1. A predicative nominative is a noun or a pronoun which follows a linking verb and refers to something before that verb. In your case, the correct answer is B, because "a shelter" goes after the linking verb "is", and refers to "a lean-to".
2. A participle has the form of infinitive + ing. In this case, the answer is D, flourishing. 
7 0
3 years ago
Which of the following best describes the narrator's mother? from An Indian Teacher Among Indians
Rudik [331]

Answer:

I think I would've really enjoyed this one when I was a kid. It's kind of a fiction/non-fiction hybrid. It's the story of Ryan O'Brian and his inability to stop composing poetry. It continues all day, and the reader is introduced to a variety of poetic forms. The story comes to a conclusion when Ryan's teacher gives the class a poetry-writing assignment... and Ryan finds that he's finally drawing a blank!

Explanation:

4 0
2 years ago
Read this line from Frankenstein: If, . . . my father had taken the pains to explain to me that the principles of Agrippa had be
ICE Princess25 [194]
The author Mary Shelley use the word chimerical in that line because she said that the powers of Cornelius Agrippa were improbable and because she wanted to say this in a fancy way. 

Hope this Helps :)

BTW, Mary Shelley is the author of Frankenstein <span />
6 0
3 years ago
Read 2 more answers
The struggle between opposing forces or characters is called
aksik [14]

Answer:

Conflict

Explanation:

4 0
3 years ago
Read 2 more answers
What does grain of the fabric mean?
GaryK [48]
The answer would be b grain of the fabric is like grain of the wood. if you look at a plank of wood you see the lines going up and down it same thing really 
5 0
3 years ago
Read 2 more answers
Other questions:
  • How do the “foreseeable things” that people wish for compare to the “powerful moments” that Yonatan hopes will give his film “we
    13·1 answer
  • A word or phrase that modifies a word not included in the sentence is a(n)
    12·1 answer
  • You can always rely on the light meter in the camera to tell you the right aperture and shutter speed settings for the right exp
    7·2 answers
  • Anwser Please will rate and if 2 people anwser it will give out brainly!!!!!!!!!!!!!!!!!!!!!!!!!!!
    11·1 answer
  • Which excerpt from"The Monkey's Paw" woulfñd be considered the story's climax? Apex
    9·2 answers
  • Which of the following sentences best describes the relationship between Rolf Carle and his camera?
    8·1 answer
  • Does thou mean you?
    7·1 answer
  • What other of proof are typically required for a conviction?
    6·1 answer
  • What does socrates tell those members of the jury who voted that he was guilty?
    14·1 answer
  • What is Luke's thoughts and feelings of being the 3rd child in Among The Hidden
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!