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A _______ is a group of people who agree to save their money together and to make loans to each other at a relatively low rate of interest.

A. commercial bank
B. investment firm
C. credit union
D. Christmas club

User Ohmless
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A C. CREDIT UNION is a group of people who agreed to save their money together and to make loans to each other at a relatively low rate of interest.

Credit Union:
1) member-owned financial cooperative
2) democratically controlled by its members
3) operated for the following purposes
a) promoting thriftiness among members
b) providing credit at competitive rates
c) providing other financial services to its members

User Chris McFarland
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