_____ is organized as a not-for-profit cooperative.

A) Commercial bank
B) Credit union
C) Life insurance company
D) Savings bank

Not-For-Profit Cooperative

An organization owned and operated by its members with the primary goal of meeting their needs and aspirations without seeking to make a profit.

Credit Union

A member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and offering other financial services to its members.