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What products do the SC federal credit union provide?

SC Federal Credit Union provides loans on reasonable terms to people who may not be able to get a loan from a bank. The loans are usually of relatively small amounts.


What is optional products package on my mortgage bill?

An optional products package on a mortgage bill is usually a sales promotion by the lender for services like supplemental mortgage life insurance, bi-weekly payment servicing or disability insurance. Lenders feel they have a captive market with their existing customers and include these types of promotions to sell additional products. You are not required to use them and in fact, the practice has come under scrutiny by regulatory agencies for misleading and deceptive sales practices. Before electing to use any of the optional services shown on the bill, be sure to shop and compare the same services with outside vendors to compare costs and features.


Does savings and loans at a bank have interest rates?

Yes. All services provided by banks like savings accounts, fixed deposits, loans etc have interest rates. Usually the rates on deposit products are much lower than the rates on loans. The banks makes a profit based on the difference in interest rates between these two products.


Who usually provides funds for the early stages of a start-up business?

Banks


What type of banks is a nonprofit organization owned by the members?

A nonprofit organization owned by its members is typically referred to as a credit union. Credit unions operate as cooperative financial institutions, where members pool their savings to provide loans and other financial services to one another. Unlike traditional banks, credit unions are not-for-profit entities, meaning any surplus earnings are returned to members in the form of lower fees, better interest rates, and improved services. Membership is usually based on a common bond, such as employment or community affiliation.

Related Questions

Which three statements best describe local area network choose three?

A LAN is usually in a single geographical area. The network is administered by a single organization A LAN provides network services and access to applications for users within a common organization.


What is the significance of external communication in business?

external communication is usually more formal. External communication is an extension of the organization and can be an important channel for marketing the company's image, mission, products, and/or services.


What is an overarching organization?

An overarching organization is a head organization that deals with funding or partnering with the providers of direct services. For easier community outreach, it is usually recommended partnering with one of these organizations that handles smaller direct services.


What is an apex organization?

An apex organization is a lending company that provides various funding to smaller firms. This term is usually used in relation to financial institutions.


What person or organization will usually supply goods and services when it appears that the benefits to society outweigh the costs to society?

Goverment.


What is the first webpage of a website?

The first page is usually the home page. It's usually the title of the company, and a selection of the products/services they offer.


Which three statements best describe a Local Area Network (LAN)?

A LAN provides network services and access to applications for users within a common organization.Each end of the network is generally connected to a Telecommunication Service Provider (TSP).Local Area Network it cover small geographic area like home, office and other grouped of building.


What is difference between consumers and customers?

Consumer is a broad label for any individuals or households that use goods and services generated within the economy. While the term customer usually used to refer to a current or potential buyer or user of the products of an individual or organization


What kind of duties do Financial Services Representatives do?

They usually sell and provide a wide range of finance products to clients. Their job is to market and sell these products to their clients.


What are outsourcing company?

Outsourcing companies are those who provides third party services. They are contracted by the client to do tasks for them. Outsourcing companies are basically being delegated with workloads and are usually located outside the country of the client. Customer services, call centre services, lead generation services, accounting, marketing etc anything can be outsourced to third party organization to save the company in-house cost and helps in getting specialized work in return.


What types of products are manufactured by Pendaflex?

Pendaflex manufactures quite a number of various products. Usually focused on office supplies, some of the many products they offer are staples, envelopes, folders (for presentations and organization), and writing pads.


What is cargo hub?

A cargo hub is a transshipment or transfer point that provides cargo transfer and handling services. Services can include packaging, warehousing, sorting, and trade services. Cargo hubs usually involve a major facility such as an airport or seaport.