Which of the following is usually a benefit of being a member at a credit union?
Higher interest rates and lower fees
Which of the following is usually a benefit of being a member at a credit union?
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Which of the following is usually a benefit of being a member at a credit union?
Higher interest rates and lower fees
A benefit of being a member at a credit union is “higher interest rates and lower fees.”
Credit unions are nonprofit organizations that prioritize their members over profits. This structure allows them to offer more favorable interest rates on savings accounts and loans, as well as lower fees compared to many traditional banks. Being member-focused, credit unions aim to provide better financial services and benefits to their members.