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The video provides an overview of the services offered by a Federal Credit Union, highlighting the key features and benefits for members.

What is the primary purpose of a Federal Credit Union?

• To offer investment advice

• To compete with large banks

• To provide financial services to its members

• To maximize profits for shareholders

Which of the following is a service typically offered by Federal Credit Unions?

• Savings accounts

• Insurance underwriting

• Real estate brokerage

• Cryptocurrency trading

How do Federal Credit Unions differ from traditional banks?

• They are for-profit organizations

• They have higher interest rates on loans

• They do not offer checking accounts

• They are owned by their members

What is a key benefit of being a member of a Federal Credit Union?

• Lower interest rates on loans

• Limited customer service

• Higher fees compared to banks

• Access to exclusive stock market investments

Which statement best summarizes the role of Federal Credit Unions?

• They are government-owned entities

• They focus on serving their members' financial needs

• They are primarily investment firms

• They operate internationally