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The Banking System and Financial Institutions explain the difference between a credit union and other banking institutions.
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A credit union is user-owned, formed by people from the same company, gorvernment agency, labor union, church, profession of community. Other banking institutions include life insurance companies, investment companies,
ReplyDeleteconsumer finance companies, mortgage companies, check-cashing outlets, and pawnshops. Credit Union is made for a group of people, banking institutions focus on the individual and their needs.
A credit union is a user-owned, non-profit union formed by people from the same company, government agency, labor union, church or community profession. A banking institution is a comercial bank, saving and loan associations, or mutual savings banks that are run by people other than the users.
ReplyDeleteA credit union is user owned and not for profit. It is formed by the people from the same company, government agency, labor union, church, profession, or community. Other banking institutions provide different services and are not the same as a credit union.
ReplyDeleteThe difference between a credit union and other banking institutions is that a credit union is user-owned, not-for-profit, formed by people from the same company,government agency, labor union, church, or profession of community.
ReplyDeleteNick Colavito
A credit union is user-owned, formed by people from the same company, government agency, labor union, church, and profession of community. Other banking institutions include life insurance companies, investment companies,
ReplyDeleteconsumer finance companies, mortgage companies, check-cashing outlets, and as well as pawnshops. Credit Union is made for a group of people, banking institutions focusing on the individuals and their needs.
Chris Pionegro
A credit union is user owned and not for profit. It is formed by people from the same company, government agency, labor union, church, or profession of community.
ReplyDeleteThe difference between this and other banking institutions is you have to be a member of something to have an account in a credit union, while in a bank you can open up an account anytime. Also, credit unions keep track of where your money goes and banks keep track of nothing.
Kymiir Maples
ReplyDeleteThe difference between credit unions and other banking instutions is that credit unoins are non profit finacial cooperatives owned by their members and governed by a bord of directors elcted by itz members .while banking instuions offer laons and finacial suport which you pay back with an intrest which gives profit to th uninons.
The different between credit union and other banking institutions is credit union is a user-owned , not for profit, and is formed by people for the same company, church, and labor union. Other banking institutions include life insurance companies, investment companies.
ReplyDeleteA credit union and other banking institutions is a credit union is user-owned, no profit, and formed by people from the government, same compony, labor union, church, or profession of comunity. The others provide other services.
ReplyDeleteA credit union is user owned and not for profit. It’s formed by the same people of the same companies, government agencies, labor unions, and church. Other banking institution offer are owned by the depositor and profits are mad and they go to the depositor they offer many other services.
ReplyDeletecredit union is user owned formed by the same company, gov, agency etc other banking institution's include life insurance. banking institution is a commercial bank, saving and loan associations, or mutual savings banks.
ReplyDeleteRyan Smedberg
ReplyDeleteThe difference between a credit union and banking institutinos is credit unions are user owned are not for gain of profit, Banking institutions offer other services as well such as creating accounts, depositing, and giving out loans.
Emma thompson
ReplyDeleteA credit union is owned by a company or some other organization. Other banking institutions include commercial banks, savings/loans associations, and mutual savings banks that are run by people other than the depositor.
Mark Torlucci
ReplyDeleteA Credit union is user owned and not for profit, it is formed by people from the same company, goverment agency, labor union, church, profession of community.Other banks are runned by individuals and are their to make a profit they also offer more services.
Kevin Krotulis
ReplyDeleteA credit union is user-owned, not for profit as well as formed by people of the same company, government agency, labor union, church, and profession of community. This differs from other banking institutions which are full service banks, offer checking/saving accounts, and make loans to individuals, businesses, and governments for profit.
A credit union is a user-ownded, not for profit and it is also formed by the same company, government agency, labor union, church, profession of community. A banking institution is a commercial bank, saving and loan association, and mutual savings bank.
ReplyDeleteCredit unions are user-owned, not for profit, formed by people from the same company, government agency, labor union, church, and profession of community. Various banking institutions include life insurance companies, mortgage companies, check-cashing outlets and pawnshops.
ReplyDeleteThere is the credit union then there are other banking institutions such as commercial banks, savings and loans associations,and mutual savings banks. Most are for profit and owned by the government. credit unions are not for profit and made by and for the depositors use. Like others most banking institutions are FDIC members, and protect the loss of members money.
ReplyDeleteA credit union is user-owned, not for profit, and formed by people of the same company, goverment agency, labor union, etc. Other banking institutions provide a variety of services including checking/savings accounts, loans to individuals, and are runned by individuals.
ReplyDeleteA credit union is a user-owned, non-profit union. That is formed people of the same company, government agency, labor union, church, or community profession. A banking insitution is a comercial bank, saving and loan associations, or mutual saving banks that are run by people.
ReplyDeleteMarlaina Kimbiz
ReplyDeletethe difference betweeen a credit union and other banking institutions is that a credit union are user-owned, not for profit,formed by people from the same compant, govenment agency, labor union, church, and profession of community. a other banking insitution witch are full servious banks, offer checking and saving accounts ,and make lonas to individuals, govenment and buisinesses.
A credit union is
ReplyDeletea user owned
non profit union
that is formed by people of the same company government agency labor union church or community profession
A Banking Insitution is
comerical bank
saving
load association
They are Run by other people
Ethan Miller said...
ReplyDeletecredit unions are for nonprofit members while banks are for financial/prot institutions.
Jackie Caravella
ReplyDeletecredit unions are user owned and for non profit members and a banking institution is a commercial bank.
Nicole Mossbacher
ReplyDeleteCredit unions non-profited unions, while banking institutions are commercial.
Josh Poinsett
ReplyDeleteA credit union is user-owned not for profit and formed by people of the same company goverment agency labor union. An other banking insitution witch are full servious banks, offer checking and saving accounts ,and make lonas to individuals, govenment and buisinesses.
Dustin Cottrell
ReplyDeleteA credit union is a financial institution that is owned by its members. Other banking institutions are owned by a selective group or an individual.
Bethany Butka
ReplyDeleteCredit unions are non profit, user owned, and formed by people of the same company. A banking institution have check/savings, and make loans.
Mike McGreevey
ReplyDeleteA credit union in for non profit and owned by users, formed by people from the same company, goverment agency, labor union, church, profession of community. Other banking institutions are Commercial banks, savings and loan associations, Mutual savings bank.
Erin Jadus
ReplyDeleteA credit union is user-owned and not-for-profit.
Other banks are ran by people of government agency,labor union,church,profession of community.
Jacob Robertson
ReplyDeleteCredit unions are nonprofit and happen to be user owned, and are owned by the same company. A banking instition is a actual bank that gives out loans and provide other services.
Josh Choper
ReplyDeleteCredit unions can be defined as a cooperative depository financial institution whose members can obtain loans from their combined savings, while other banking institutions are owned by a group or institution where profit is the main goal of the industry.
Anthony Altilio
ReplyDeleteA credit union is user owned and not for profit. It is formed by people of the same company, government agency, labor union, etc. Banking institutions are full service banks that offer checking and savings accounts, that make loans.
Konrad Pacholec
ReplyDeleteCredit Union
-User Owned
-Non-profit
Banks
-Commercial
-Checking
-Saving Accounts
Dale Powell
ReplyDeleteA credit union are non profit, user owned, that is formed by people of the same company government. A banking institution is a commercial bank, has saving, load association, and ran by other people.
josh sherman
ReplyDeletea credit union ia a user owned non-profit fianancial institution. a ank is always trying to keep you in debt because thats how they make money. credit unions focus on a group of people while banks focus on the individual.
Corinne Aballo
ReplyDeleteCredit unions are user owned, not for profit, formed by people from the same company, government agency, labor union, and profession of community.
Megan Glass
ReplyDeleteA credit union are user-owned, they are not for profit. Formed by the same company, government agency, labor union, church, profession of community.
Banking institutions offer checking and/or saving accounts, make loans to individuals, businesses, and governments for profit.
Jenna Scialabba
ReplyDeleteCredit unions are financial institutions formed by an organized group of people with a common bond. Members of credit unions pool their assets to provide loans and other financial services to each other. A banking institution provides banking services. Other banking institutions include life insurance companies, and investment companies.
Kayla Prendergast
ReplyDeleteCredit Unions are user owned not for profit. It is formed by people from the same company government agency labor union and church. Other banking institutions use saving accounts and loans for individuals, businesses, and the government.
Credit Unions are non-profit organizations formed by people in the same company.
ReplyDeleteBanking institutions are full service banks that offer checking and saving accounts.
Allisyn Shindle
ReplyDeleteA credit union is a cooperative money institution that is owned and controlled by its associates. It is used in order to promote thrift, and provide credit at reasonable prices and other financial services. A credit union is user-owned and it is not for profit purposes. They are formed by the people of the same company, church, etc. Other institutions, such as commercial banks, mutual savings banks, etc. can make loans to individuals, businesses, and the governments. These institutions gain profits which go to the companies.
A credit union is a non-profit orginiazation formed by more than one person involved in the same company, project, church, or organization.
ReplyDeleteBanking systems are profitable systems that anyone can be a part of and use for their personal benefit.
Alexis McGowan
ReplyDeleteThe different between credit union and other banking institutions is credit union is a user-owned , non-profit, and is formed by people for the same company, church, and labor union. Other banking institutions include life insurance companies, investment companies.