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a credit union is owned by members and its board are members of the bank

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Q: What type of bank is owned and operated by its members?
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Which type of loan institution is owned and operated by the same people who have accounts in it?

A mutual.


What type of financial institution is MCU?

MCU is a financial services credit union. That means that they operate in a similar way as a bank, except that they are owned by it's "members" (customers) rather then by shareholders.


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Collective farms are a type of farm that are owned and operated as a joint enterprise by peasants. They are also known as communal farms.


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What type of bank is run by it and members and offers low rates of credit?

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