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Which of the following financial institutions has a membership requirement?

A. Commercial bank
B. Savings bank
C. Investment bank
D. Credit union

User Rocky Qi
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1 Answer

3 votes

Answer:

D. Credit union

Step-by-step explanation:

Credit unions are a type of cooperative financial institution that offers traditional banking services to its members. They are founded, owned, and operated by members who share a common bond. Corporations, large organizations, and other entities form credit unions to benefits their employees.

Compared to banks, credit unions have fewer branches. However, they offer better interest rates and sometimes, better customer experience to members. Credit unions operate as not for profit organizations.

User Starblue
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