Final answer:
The Credit Union is responsible for both incoming and outgoing wire transfers.
Step-by-step explanation:
The correct answer is C. both incoming and outgoing. The Credit Union is responsible for both incoming and outgoing wire transfers. This means that they handle transfers of money coming in from other financial institutions as well as transfers going out to other institutions or individuals.
For example, if a customer wants to send money to a family member in another country, they can request an outgoing wire transfer from their credit union. On the other hand, if a customer receives a large sum of money from an overseas business, the credit union will handle the incoming wire transfer.
It's important to note that different financial institutions may have different policies and fees when it comes to wire transfers, so it's always a good idea to check with your specific credit union for more information.