How are credit unions and savings and loans different from commercial banks and finance companies? Credit unions and savings and loans are limited to making loans. Credit unions and savings and loans are protected by the FDIC. Credit unions and savings and loans are not usually owned by investors. Credit unions and savings and loans provide services, such as checking accounts.

Credit unions and savings and loans are not usually owned by investors.

Explanation:

Credit unions are owned and controlled by the people or members who use their services. They aren’t owned by investors because their main aim is to help the populace and not for profit making.

Commercial banks and Credit unions both provide services such as checking accounts, savings, loan etc.

the answer is: must pay taxes on profits

since it is considered as a part of your income, profits from investments is eligible for tax payment.

the tax from your investment could be influenced by how long you decided to sell it. united states promotes keeping your investment for long term period. so, the tax rate for investments that you sell in less than one year is typically higher compared to investments that you sell in more than one year period.

typical characteristics of global cities include all of the following except being culturally isolationist.

explanation: