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pat has a savings account and a car loan from a not-for-profit financia…

Question

pat has a savings account and a car loan from a not-for-profit financial institution owned by its members. she is probably a member of what type of financial institution? google translate investment club savings and loan association credit union commercial bank

Explanation:

Brief Explanations

To solve this, we analyze each option:

  • Investment club: Focuses on investing, not typical savings/loan services for members in this way.
  • Savings and Loan Association: Often for home loans, not member - owned in the same non - profit, member - run way as a credit union.
  • Credit Union: It is a not - for - profit financial institution owned by its members, offering savings accounts and loans (like car loans).
  • Commercial Bank: For - profit, owned by shareholders, not members.

So, based on the description (not - for - profit, member - owned, offers savings and car loan), the correct institution is a credit union.

Answer:

C. Credit Union