NCCO, EXAM 1, 2025 Q'S & A'S!!
1 of 8
Term
Do members have the right to request a copy of the credit union's
bylaws and charter?
Give this one a try later!
Yes. The credit union can
Lower and less fees compared to charge a reasonable fee for
other financial institutions. preparing and providing the
copy.
, Once per month, with at Odd #, 5-15 members. Consists of
least one meeting per year a chair, vice chair, financial officer,
held in person. secretary, and directors.
Don't know?
2 of 8
Term
What are the benefits of credit union membership?
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Higher interest rates on Limited access to online
loans compared to banking services.
banks.
Lower and less fees Mandatory membership fees
compared to other that are non-refundable.
financial institutions.
Don't know?
3 of 8
Term
How does the ownership structure of credit unions differ
from other financial institutions?
1 of 8
Term
Do members have the right to request a copy of the credit union's
bylaws and charter?
Give this one a try later!
Yes. The credit union can
Lower and less fees compared to charge a reasonable fee for
other financial institutions. preparing and providing the
copy.
, Once per month, with at Odd #, 5-15 members. Consists of
least one meeting per year a chair, vice chair, financial officer,
held in person. secretary, and directors.
Don't know?
2 of 8
Term
What are the benefits of credit union membership?
Give this one a try later!
Higher interest rates on Limited access to online
loans compared to banking services.
banks.
Lower and less fees Mandatory membership fees
compared to other that are non-refundable.
financial institutions.
Don't know?
3 of 8
Term
How does the ownership structure of credit unions differ
from other financial institutions?
