A financial institution that accepts deposits, makes loans, and provides other
services as a nonprofit organization is called a:
O A. payday lender.
O B. retail bank.
O c. title pawn lender.
O D. credit union.

A credit union is a financial institution founded by large institutions and organizations to benefits their employees. The employees who join the credit union become members and owners of the institutions. Credit unions offer banking services such as accepting deposits and issuing loans to their members.

Credit unions operate similar to cooperatives than banks. They offer services to the members who are owners; hence are non-profit making financial institutions. They issue loans at a cheaper rate than commercial banks.

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30-11-2020

Answer:d

Explanation:

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A financial institution that accepts deposits, makes loans, and provides other services as a nonprofit organization is called a: O A. payday lender. O B. retail bank. O c. title pawn lender. O D. credit union.

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A financial institution that accepts deposits, makes loans, and provides other
services as a nonprofit organization is called a:
O A. payday lender.
O B. retail bank.
O c. title pawn lender.
O D. credit union.