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lutik1710 [3]
3 years ago
5

How do both Banks and Credit Unions work for the benefit of individuals​

Social Studies
1 answer:
Marysya12 [62]3 years ago
5 0

Both banks and credit unions lend money to the customers.

Explanation:

Traditional banks run for the benefit of earning profits. They are licenced financial institutions which receives and offers loans by charging interest on the loans.

Credit unions are non profit organisations that are created solely to provide loans by accepting sureties and mortgages are also allowed in credit unions. FDIC is also a credit union which provides financial security to its customers. Credit unions are owned by members of the organisation and not shareholders like banks. They offer medium rate of interest than the banks because banks run on profit making but credit unions are non profit missions.

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According to maslow's hierarchy of needs, people who engage in selfless, altruistic behavior may have reached ____.
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According to DSM-5, a maladaptive reaction to an identified stressor, characterized by impaired functioning or emotional distres
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3 years ago
Why was the TV show "I Love Lucy" progressive for its time?
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Answer:

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2 years ago
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The emotional or neutral word list                                    

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3 years ago
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