Lender Credit unions Credit unions Credit unions Credit unions Credit unions Credit unions Automobile loans Credit cards Loan products Home improvement loans Personal loans Second mortgages hlank Significant features They are member-owned, not-for-profit cooperatives. blank Generally, they only lend money to members. National credit unions are regulated by the National Credit Union Administration. State-chartered credit unions are regulated at the state level. Residential mortgages are a relatively small part of their portfolio

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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can you explain this to me

Lender
Loan products
Significant features
Credit unions
Automobile loans
They are member-owned, not-for-profit cooperatives.
Credit unions
Credit cards
blank
Credit unions
Home improvement loans
Generally, they only lend money to members.
Credit unions
Personal loans
National credit unions are regulated by the National Credit Union
Administration.
Credit unions
Second mortgages
State-chartered credit unions are regulated at the state level.
Credit unions
blank
Residential mortgages are a relatively small part of their portfolio.
Transcribed Image Text:Lender Loan products Significant features Credit unions Automobile loans They are member-owned, not-for-profit cooperatives. Credit unions Credit cards blank Credit unions Home improvement loans Generally, they only lend money to members. Credit unions Personal loans National credit unions are regulated by the National Credit Union Administration. Credit unions Second mortgages State-chartered credit unions are regulated at the state level. Credit unions blank Residential mortgages are a relatively small part of their portfolio.
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