Question

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Which of the following is usually a benefit of being a member at a credit union?
A. Higher interest rates and lower fees
B. Lower interest rates and higher fees
C. Higher interest rates and higher fees
D. Lower interest rates and lower fees
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Answer 1

Being a member at a credit union usually means higher interest rates and lower fees.

Step-by-step explanation:

A benefit of being a member at a credit union is usually higher interest rates and lower fees. Credit unions are not-for-profit organizations, so they can offer higher interest rates on savings accounts and lower interest rates on loans compared to traditional banks. They also typically charge lower fees for services like ATM withdrawals and checking accounts.

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