3 years ago

A financial instation formed by a large organizacion for its members is a savings and loan

Business

1 answer:

olganol [36]3 years ago

3 0

Answer:

Credit Unions

Explanation:

Credit unions are non-profit making institutions established by large corporations or other entities to cater to their employee's financial welfare. They provide traditional banking services, although they operative like cooperatives societies. Credit unions are created, managed, and belong to their members.

Credit unions mainly offer credit facilities to its members. Because they are not for profits, they provide loans at very competitive terms compared to banks.

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