226k views
1 vote
Describe the similar services provided by banks and credit unions. How do these two institutions differ in their philosophy and the types of projects they each finance

1 Answer

1 vote

Answer:

They are the same because they both help you manage your money. They both offer checking and savings accounts. And they both will loan you money to help you buy a new car or a new house. They differ from each other because credit unions deposit your paycheck, pay your bills, and make credit and debit card purchases. They also provide you to get a loan for a car, a home, or other large purchase. Banks on the other hand give you cash-back rewards on your checking accounts and credit cards and give you financial institution to have a lot of branch offices and ATMs across the country

Explanation: I got it right.

User Finoutlook
by
4.9k points