What are three features of credit unions?

Social Studies

2 answers:

Vlada [557]2 years ago

7 0

Answer:

1. They often provide higher interest rates on savings.

2. They offer no interest on saving deposits.

3. They offer cheap loans to business owners.

Explanation:

im pretty sure these were the correct answers on the PLATO thing

aev [14]2 years ago

3 0

Answer: See explanation

Explanation:

A credit union is simply referred to as a financial institution that is created for the common interest of a particular group of people e.g workers in a company.

The members of the credit union are it's shareholders, depositors, and borrowers. Its features are that it's not for profit basis, it is subjected to lower taxes when compared to other financial institution. Its main aim is to meeting the needs of the members.

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