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Which of these is a reason you might use a credit union instead of a bank?
A
They often don’t have any fees associated with their accounts.
B
They often have higher interest rates on savings accounts.
C
They often have higher interest rates on loans.
D
They are out to make a profit on your money.
A
They often don’t have any fees associated with their accounts.
B
They often have higher interest rates on savings accounts.
C
They often have higher interest rates on loans.
D
They are out to make a profit on your money.
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Answered by
GPT-4o mini
The correct reasons to use a credit union instead of a bank would be:
**A:** They often don’t have any fees associated with their accounts.
**B:** They often have higher interest rates on savings accounts.
**C:** They often have higher interest rates on loans.
However, **D** is incorrect, as credit unions are not out to make a profit on your money; they are not-for-profit organizations that aim to serve their members.
**A:** They often don’t have any fees associated with their accounts.
**B:** They often have higher interest rates on savings accounts.
**C:** They often have higher interest rates on loans.
However, **D** is incorrect, as credit unions are not out to make a profit on your money; they are not-for-profit organizations that aim to serve their members.
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