HELP AGAIN PLEASE! In three to five sentences, compare and contrast a bank and a credit union.

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05-03-2021
Social Studies

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HELP AGAIN PLEASE! In three to five sentences, compare and contrast a bank and a credit union.

Sagot :

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Jerma985fan Jerma985fan · Answer 1 · 2021-03-05T16:18:58-05:00

Answer:

Banks and credit unions are both financial institutions that offer products and services such as checking accounts and loans to help you manage your money. But while banks are for-profit institutions anyone can do business with, a credit union is a nonprofit that only offers services and products to its member-owners.

While these two institutions offer many similar products, there are fundamental differences in how they operate. The table below provides some basic insight into the difference between credit union and bank products and services.

Sagot :

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