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Which financial service is LEAST LIKELY to be offered by a credit union?

trust accounts
savings accounts
automobile loans
certificates of deposit

User SirKnigget
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1 Answer

4 votes

Trust accounts financial service is LEAST LIKELY to be offered by a credit union.

Option: A

Step-by-step explanation:

A trust account is a legal contract by which a third party designated as the trustee retains funds or assets for the advantage of another person (the beneficiary), which may be an entity or a community.

There are many types of trusts that cater to different objectives, since they all operate the same in nature. An escrow system, for instance, is a kind of real estate trust account. Another common method of trust is a revocable living trust, and is used in estate planning. When a minor inherits assets from a will or earns a life insurance payout, a trust account may also be of benefit.

User Edalvb
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