Credit Unions Are Characterized by

question 72

Multiple Choice

Credit unions are characterized by

• A) mutual ownership.
• B) common bond membership.
• C) nonprofit, tax-exempt status.
• D) all of the above.
• E) none of the above.

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Definitions:

Intestate

The state of dying without a valid will, resulting in one's assets being distributed according to statutory guidelines.

Single Mother

A woman who has a dependent child or dependent children and who is widowed, divorced, or unmarried.

Stepchildren

Children brought into a family by a new spouse who are not the biological offspring of that spouse.

Inheritance

Assets, money, or property received from someone who has died, transferred through legal means such as a will or through intestate laws if no will exists.