The comparison in services of banks and credit unions; comparison of rates of online services and reasons for not using online banking and credit unions. Introduction: Banks are the organizations that operate for making profits by earning through the borrowers and paying to the depositors. Online payment is a mechanism through which payment in exchange of goods or services can be made using electronic modes. Credit unions are not for profit organizations that are owned by the members, providing same facilities as are provided by the banks.

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Chapter 20, Problem 2DCS

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To discuss: The comparison in services of banks and credit unions; comparison of rates of online services and reasons for not using online banking and credit unions.

Introduction: Banks are the organizations that operate for making profits by earning through the borrowers and paying to the depositors.

Online payment is a mechanism through which payment in exchange of goods or services can be made using electronic modes.

Credit unions are not for profit organizations that are owned by the members, providing same facilities as are provided by the banks.

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