How does the interest on loans from credit unions compare with the interest on loans from commercial

Fantastic news! We've Found the answer you've been seeking!

Question:

How does the interest on loans from credit unions compare with the interest on loans from commercial banks and savings institutions? What about the interest on deposits?

Related Book For answer-question

Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

See More Books

Posted Date: Sep 18, 2020 03:00 PM

See More Questions

How does the asset structure of credit unions compare with the asset structure of commercial banks and savings institutions? Refer to Tables 2-6, 2-10, and 2-13 to formulate your answer.
How does the interest rate affect your credit payments? What is meant by simple interest? What is the annual percentage rate (APR), and when is it used?
How does the asset structure of credit unions compare with the asset structure of commercial banks and savings institutions? Refer to Tables 2-5, 2-9, and 2-12 to formulate your answer.
Oil flows through the 100-mm-diameter pipe with a velocity of 5 m/s. If the pressure in the pipe at A and B is 80 kpa, determine the x and y components of force the flow exerts on the elbow. The flow...
A hospital administrator has the business objective of reducing the time to process patients' medical records after discharge. She determined that all records should be processed within 5 days of...
Researchers in the journal Nature (Tatem et al., 2004) explored the winning times of the 100-meter dash in the Olympics for both men and women. Using the winning times in the 1900 to 2004 Olympics,...
What factors affect takeoff performance?
The following data were accumulated for use in reconciling the bank account of Commander Co. for March: a. Cash balance according to the companys records at March 31, $13,065. b. Cash balance...
Retained Earnings Date May 31 Dividends Date PR Debit Account Number 318 Credit Salaries Expense Account Number 622 Balance Date PR Debit Credit Balance G2 83,000 May 31 G2 41,500 PR Debit Account...
The fish department of the local grocery store faces unique problems. Fish is extremely perishable and can only be sold on the day it arrives in the store. Fish is delivered at 3 am and can be sold...
The stock of a restaurant franchise enterprise has a standard deviation of return of 10 percent, while the stock of a grocery store chain has a standard deviation of return of 20 percent. The...
Is breathing a voluntary or involuntary action?
The resonance frequency of a driven $R L C$ circuit is $1000 \mathrm{~Hz}$. What is the resonance frequency if a. The resistance $R$ is doubled? b. The inductance $L$ is doubled? c. The...
If you work out enough to visibly increase the diameter of your biceps, will this increase or decrease your susceptibility to electric shock? Explain.
The peak current passing through an inductor is $2.0 \mathrm{~A}$. What is the peak current if a. The peak emf $\mathcal{E}_{0}$ is doubled? b. The inductance $L$ is doubled? c. The frequency...
An inductive loop buried in a roadway detects the presence of cars above it, as described in the chapter. If the loop is connected to an AC supply, will the current increase or decrease when a car...
I will provide some topics for discussion in this forum. Your responsibility is to respond to my posts or to the responses of your colleagues. For full credit, you need to provide four substantive...
Represent each of the following combination of units in the correct SI form using an appropriate prefix: (a) m/ms, (b) k m, (c) k s /mg, and (d) k m N.
What is an interstate banking pact?
According to SEC Rule 15C 3-1, what adjustments must securities firms make in the calculation of the book value of net worth?
What role does bank activity diversification play in the ability of a bank to exploit economies of scale and scope? What remains as the limitation to creating potentially greater benefits?
Consider a binary equimolar mixture of acetone and chloroform at $300 \mathrm{~K}$ and $1 \mathrm{~atm}$. Because this mixture forms a binary azeotrope, methyl- $n$-pentyl ether solvent is used...
A system of three parallel reactions (Trambouze and Piret, 1959) involves the following reaction scheme: \[\mathrm{A} \xrightarrow{k_{1}} \mathrm{~B} \quad \mathrm{~A} \xrightarrow{k_{2}} \mathrm{C}...
Repeat Exercise 8.1, taking the first two reactions as first order, and the last as second order with $k_{1}=0.02 \mathrm{~min}^{-1}, k_{2}=0.2 \mathrm{~min}^{-1}$, and \(k_{3}=2.0 \mathrm{~L} /...

How does the interest on loans from credit unions compare with the interest on loans from commercial

Question:

Expert Answer:

Credit unions are different from traditional banks in that they are nonprofit cooperativelyowned ins... View the full answer

Financial Institutions Management A Risk Management Approach

Students also viewed these general management questions