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How are credit unions and savings and loans different from commercial banks and finance companies?
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How are credit unions and savings and loans different from commercial banks and finance companies?

User Tbrisker
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6 votes

Answer:

yes

Step-by-step explanation:

User Lorene
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Credit unions are not-for-profit financial cooperatives, whose earnings are paid back to members in the form of higher savings rates and lower loan rates. Banks are for-profit corporations, with declared earnings paid to stockholders only.
User William Edmondson
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