How is a credit union different from a retail bank?

Question:

How is a credit union different from a retail bank?

Banks and Credit Unions:

Both banks and credit unions are financial institutions that offer services such as checking and savings accounts, auto loans, and mortgages to their customers.

Answer and Explanation:

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The main difference between a credit union and a retail bank is the fact that a credit union is a non-profit entity, and a bank is for profit. This...

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