Question

all of the following are true of credit unions except one. which one of the choices below is not a true statement about credit unions? a credit unions are member owed b credit unions serve members and distribute profits back to its members c credit unions have nation - wide branches and possibly even international branches d credit unions typically have more favorable rates for members than banks

Explanation:

Credit unions are member - owned, serve members and distribute profits to them, and often offer more favorable rates. However, they usually do not have nation - wide or international branches like large banks.

Answer:

C. credit unions have nation - wide branches and possibly even international branches