Who owns a credit union explainthe term credit unions are, Ask an Expert

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Who owns a credit union? Explain.

The term Credit unions are owned by their members. While credit union members put money in their credit union, they are not exactly "depositing" the money. In place of, they are purchasing shares of the credit union. Generally, credit unions exist to pay interest on shares bought by, and collect interest on loans made to, the members.

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Financial Management, Finance

Category:- Financial Management
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