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CU and Bank both have shareholders. The shareholders of a credit union are by law/definition its customers/depositors. The shareholders of a bank can be anyon
by _uy6i 5y ago
CU and Bank both have shareholders.
The shareholders of a credit union are by law/definition its customers/depositors.
The shareholders of a bank can be anyone.
- immibis 5y agoYes, in a bank you have shares in whatever is left over after profit is taken. They try very hard to make it so your shares are worth the same amount as when you bought them, plus a known rate.
- balderdash 5y agoThat’s not how it works