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Explain What a Credit Union Is and Give an Example

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Essay

Explain what a credit union is and give an example of one.


Definitions:

Stare Decisis

A legal principle that obligates courts to follow historical cases when making a ruling on a similar current or future case.

Precedent

A court decision that furnishes authority for deciding later cases in which similar facts are presented.

Statutory Law

Law enacted by a legislative body, forming a codified set of rules that are legally enforceable.

Annual Mortality Rate

The proportion of individuals in a population who die within a one-year period, often expressed per 1,000 or 100,000 persons.

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