which type of nonprofit institution requires a person to meet certain guidelines to become a member before…

which type of nonprofit institution requires a person to meet certain guidelines to become a member before they can take advantage of the institutions services?\na.) a savings and loan association\nb.) a mutual savings bank\nc.) a credit union\nd.) a non - deposit institution

which type of nonprofit institution requires a person to meet certain guidelines to become a member before they can take advantage of the institutions services?\na.) a savings and loan association\nb.) a mutual savings bank\nc.) a credit union\nd.) a non - deposit institution

Answer

Brief Explanations:

Credit unions are non - profit financial institutions where individuals must meet specific membership criteria (such as being part of a certain community, employer group, etc.) to become members and access services. Savings and loan associations and mutual savings banks are not typically non - profit in the same sense and don't have the same strict membership - based access as credit unions. Non - deposit institutions do not fit the description as they don't operate on a membership model for accessing services like credit unions.

Answer:

c. A credit union