What is the main difference between a retail bank and a credit union?.

Question

asked Oct 5, 2024 82.9k views

1 Answer

Maess · Answer 1 · 2024-10-09T11:19:51+0000

What makes banks and credit unions different from each other is their profit status. Banks are for-profit, meaning they are either privately owned or publicly traded, while credit unions are nonprofit institutions.

What is the main difference between a retail bank and a credit union?.

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Other Questions