Final answer:
If your local bank or credit union is a complex system, then the loan-processing department of the bank would be considered a subsystem.
Step-by-step explanation:
In the context of the question, if your local bank or credit union is considered a complex system, then the loan-processing department of the bank would be considered a subsystem. A subsystem is a part of a larger system that has its own specialized tasks and functions. The loan-processing department is a component within the bank that focuses specifically on processing loans. It is responsible for receiving loan applications, evaluating creditworthiness, and approving or denying loan requests.