Question

Jaylen has a savings account and a car loan from a not-for-profit financial institution owned by its members. He is probably a member of what type of financial institution

Answer 1

A) Credit union

Step-by-step explanation:

As we know that the credit union would be for non-profit financial institution that owned by members here the members have something in common in terms of location, residence belong from similar geographical area. Here the cost of the loan would be less and the rate of interest on saving would be high as compared to other financial instutions

So as per the given situation the correct option is a