Question
When choosing between using a bank or a credit union, which of the following is an advantage that credit unions generally have in comparison to banks?(1 point)
Responses
Advanced online banking technology
Advanced online banking technology
Greater variety in services offered
Greater variety in services offered
Owned by members, who may vote and elect board of directors
Owned by members, who may vote and elect board of directors
More branches/locations
Responses
Advanced online banking technology
Advanced online banking technology
Greater variety in services offered
Greater variety in services offered
Owned by members, who may vote and elect board of directors
Owned by members, who may vote and elect board of directors
More branches/locations
Answers
GPT-4o mini
The advantage that credit unions generally have in comparison to banks is:
**Owned by members, who may vote and elect board of directors**.
Credit unions are member-owned, which means that members have a say in the governance of the organization, including the election of the board of directors. This member-centric approach often leads to more personalized service and a focus on the community.
**Owned by members, who may vote and elect board of directors**.
Credit unions are member-owned, which means that members have a say in the governance of the organization, including the election of the board of directors. This member-centric approach often leads to more personalized service and a focus on the community.