"Mutual" Institutions Are Owned by Their Depositors

question 29

True/False

"Mutual" institutions are owned by their depositors.

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Definitions:

Nonprofits

Organizations that operate for purposes other than generating profit, focusing on social, educational, charitable, or other community-driven objectives.

Develop

To cause something to grow or change into a more advanced, larger, or stronger form.

Supreme Court

The highest judicial authority in a country or jurisdiction, tasked with adjudicating appeals and ensuring the interpretation of the law is consistent.

Citizens United v. FEC

A landmark Supreme Court case that ruled on campaign finance, allowing unrestricted election spending by corporations and unions.