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)

Question

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
More branches/locations

Answer 1

The advantage that credit unions generally have in comparison to banks is:

Owned by members, who may vote and elect board of directors.

This structure allows members to have a say in how the credit union operates, which is often seen as a benefit of credit unions over traditional banks.