It's owned by its members ------> Credit Union
A credit union is owned by its members. It is controlled by its members and its ultimate goal is to help people. It offers competetive rates as well as other financial services.
Provides home mortgages -------> Savings and Loan Association
A Savings and Loan Association is not technically a bank, but it offers many of the same services. Some offer checking and other services, but the primary purpose is to accept savings at interest and offer home mortgages.
Offers checking accounts ------> Commercial Bank
A commercial bank offers checking account services, makes loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.
Offers high-risk loans -------> Financial Service Companies
Financial Service Companies offer a range of financial and investment opportunities. A high-risk loan is a loan that is more likely to default compared to conventional loans.
