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Credit unions are for-profit organizations.
OA. True
OB. False
Jtr

1 Answer

3 votes

Final answer:

Credit unions are not-for-profit organizations that aim to provide affordable financial services to their members.


Step-by-step explanation:

Credit unions are not-for-profit organizations. They are financial cooperatives that are owned by their members and operated for their benefit. Unlike for-profit banks that aim to maximize profits for shareholders, credit unions aim to provide affordable financial services to their members.


Learn more about Credit unions and not-for-profit organizations

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