What are three characteristics of a credit union?
A. A credit union is owned by its members, who are called shareholders; the credit union operates for the benefit of its members; and it only serves credit union members.
B. A credit union is owned by the federal government and guarantees all savings up to a $100,000 limit.
C. A credit union is owned by corporations and shareholders; it operates for a profit; and only provides services to corporations.
D. A credit union is owned by corporations or stockholders; it operates for profit; and it provides services to both account holders and the public.
Answer: A
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