Which of these is a reason you might use a credit union instead of a bank?

Question

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.

Answer 1

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.