A true statement about credit unions is that they usually
1-cannot make personal loans.
2-cannot offer depositors checking accounts.
3- charge lower fees and loan rates than banks.
4-give interest-free loans to their depositors.

Credit union is a cooperative financial institution that offers primary banking services to its members and established for the basic interest of its members. Its main aim is to meeting the needs of the members.

The members of the credit union are it's shareholders, depositor and it's not for profit making basis.

Hence, a true statement about credit unions is that they usually charge lower fees and loan rates than banks.

Learn more about credit union here : https://brainly.com/question/2279124

A true statement about credit unions is that they usually 1-cannot make personal loans. 2-cannot offer depositors checking accounts. 3- charge lower fees and loan rates than banks. 4-give interest-free loans to their depositors.

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What is Credit Union?

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A true statement about credit unions is that they usually
1-cannot make personal loans.
2-cannot offer depositors checking accounts.
3- charge lower fees and loan rates than banks.
4-give interest-free loans to their depositors.