Question

Brandon has a savings account and a car loan from a not-for-profit financial institution owned by its members. He is probably a member of what type of financial institution

Answer 1

The type of credit union that Brandon is known to belong to based on the description given is a credit union.

What is a credit Union?

This is a term that is used to refer to a non profit organization where the members of the organization can borrow money from.

The members are able to borrow money based on a low interest rate form the organization.

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