Question

Suzanne is considered a member of her financial institution, which provides checking, savings, and other financial services. She is eligible for membership because she is a teacher. This financial institution is a
a. national bank.
b. savings and loan association.
c. mutual savings bank.
d. commercial bank.
e. credit union

Answer 1

Answer:

Option "E" is the correct answer to the following question.

Explanation:

A credit union is a type of financial combine credit institution, owned and managed by its members. Credit union partners combine mutual investments and lend each other credit as well as other financial services.

In the following situation, Suzanne is working as a teacher and invest her money in credit unions.

So, Suzanne is a member of the credit union because she is a teacher and not working in another financial institution.