Respuesta :

I believe the answer is:

a)Credit unions are typically owned and run by their members

b)Credit unions limit membership to certain people or groups

Credit union is built with the principle of helping other members achieving the financial help that they need even though it may not resulted in as many profit as normal credit company.

Because of this, the one who own and run the union are their members on a volunteer basis. The amount of members usually limited to people who are in close proximity with the owners.

soneyedesola44

Some of the unique features of a credit union are; they are owned and control by their members and their membership is restricted to a certain group of people.

Credit unions can be described as a financial institutions or cooperative that offers traditional banking services.

Further Explanation

The aim of credit unions is not to make a profit but rather to serve their members.

Large corporations and organizations can establish credit unions for their members and employee. These financial institutions are established and are being managed by their members.

The membership in credit unions is restricted to a specific group of people.

To join them, some of their requirement may include

  • Living in a particular geographical location
  • Working for a specific organization
  • Going to a specific school
  • And many others

You must also open an account with them to become a member, becoming a member will give you the privilege to enjoy membership benefits such as:

  1. Taking part in the activities of the union,
  2. As a member, you are qualified to vote on matters concerning the union or when determining the people that will pilot the affairs of the union.
  3. In credit unions, it doesn’t matter how much you have in your account before you can be allowed to vote on issues concerning the union, all members of a credit union have equal right.

LEARN MORE:

  • Which of the following is a unique feature of credit unions? https://brainly.com/question/1413027
  • Which of the following is a unique feature of credit unions?  https://brainly.com/question/1413030

KEYWORDS:

  • credit union
  • features
  • unique
  • opening account
  • equal right

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