Which of the following is not a duty of a credit union?
Answer Details
The duty that is not typically associated with a credit union is "confirming members' indebtedness." Credit unions exist to serve their members, and their primary duties include helping members to save, granting loans, and advising on the use of funds. However, confirming members' indebtedness is not a typical duty of a credit union. While credit unions do need to keep track of their members' loan balances and repayment histories, they typically do not have a responsibility to confirm members' overall indebtedness. This task is usually handled by credit reporting agencies or other financial institutions.