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Q: What is a nonprofit cooperative that accepts deposits makes loans and provides other financial services?
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What is a financial cooperative that provides loans to its members at low interest rates?

credit union


What is a financial cooperative that provides loans to its members at lower rates of interest?

credit union


What is the cooperative guarantee fund?

A cooperative guarantee fund is a financial pool established by a cooperative to help protect its members against financial losses or risks. Members contribute to the fund, which can be used to cover any member's losses or liabilities within the cooperative. It provides a form of mutual support and risk-sharing among members.


Where can I find information on group health insurance?

Group Health Cooperative is a consumer-governed, nonprofit health care system based in ... Group Health provides both medical care and coverage and serves


What is A financial cooperative that provides loans to its members at lower rates of interest than would be available at other institutions is known as a?

credit union


Is Ohio national financial services fdic insured?

No. Only deposits in banks are fdic insured. ONFS provides top quality financial services and products to clients.


What it a nonprofit financial institution?

A nonprofit financial institution is an organization that provides financial services without the primary goal of making a profit. These institutions, such as credit unions or certain community development banks, focus on serving their members or communities by offering services like savings accounts, loans, and other financial products. Any surplus they generate is typically reinvested to fulfill their social mission rather than distributed to shareholders.


How nbfc is different from bank?

NBFC stands for Non-Banking Financial Company. An NBFC is a financial company that provides services like mortgage loans, financial advisory services etc but does not provide banking services like saving/checking accounts, fixed deposits etc. NBFC's can provide any financial service but they cannot collect deposits from customers whereas Commercial banks can accept deposits. This way, they are different from regular banks.


What type of services are offered by Britannia Building Society to customers?

Britannia is a financial services institution and trading name of the cooperative bank Plc in the United Kingdom. Britannia provides financial service directly and through more than 250 branches.


Different between non deposit taking institution and deposit taking?

NBFC stands for Non-Banking Financial Company. It is a company that provides financial services to customers but does not accept customer deposits and provide deposit accounts (like savings account, checking account etc.) A Bank is a deposit taking institution that provides banking and financial services to customers.


Can nonprofit organizations be incorporated?

Yes, nonprofit organizations can be incorporated as either a nonprofit corporation or a not-for-profit corporation, depending on the state in which they are located. Incorporating provides the organization with legal protection and allows it to apply for tax-exempt status.


What is the definition of a state cooperative bank?

A co-operative bank is a type of bank that provides financial services to co-operatives and organizations that its members own. When the state runs these banks they are called state co-operative banks.