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Which statement is true about credit unions?

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Which statement is true about credit unions?

A.

They offer lending rates similar to other financial institutions.

B.

They are not-for-profit organizations.

C.

Their deposits are insured by the FDIC.

D.

They can only be chartered by state agencies.

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  • Update on: Oct 21, 2025
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TESTED 21 Oct 2025