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Credit Unions and Banks

Teacher: Megan Frydrychowski
Across
A _________ card similar to a credit card that allows money to be withdrawn or payments made directly from the holder’s bank account
The granting of money or something else of value in exchange for a promise of future repayment
Taking money with a promise to repay the money in the future
People who buy goods and services to satisfy their wants
A _______ account with a bank or credit union on which people can deposit their money for future use and earn interest
A sum of money provided temporarily on the condition that the amount borrowed be repaid, usually with interest
The chance of loss
One who stands between two parties to facilitate a transaction; a mediator
An overdraft _____is associated with an overdraft
Money charged to review your application for credit or to service your credit account, such as maintenance fees or late fees. Banks often charge fees for servicing bank accounts, including overdraft fees and charges for using a non-bank ATM
A ________ account is held at a bank or credit union in which account owners deposit funds. Account owners have the privilege of writing checks on their accounts and are able to use ATM cards and debit cards to access funds
A bank account ___________ is a tool in which an account holder lists his or her initial balance in an account and then records all debits and credits in order to maintain an accurate record of account activity and an accurate balance
Non-interest________ account is An account in which no interest is pain on the principal, which is the amount of deposit or account balance. Also called zero-interest account
Down
A _____________ investment where you can place money in a savings count or in any number of financial assets, such as stocks, bonds or mutual funds, with the intention of making a financial gain
Money owed in exchange for loans or for goods or services purchased with credit
Interest_______ is the percentage of the amount of a loan that is charged for a loan. Also, the percentage paid on a savings accoun
The result of an account holder authorizing a withdrawal through a check, ATM withdrawal, debit card purchase of electronic payment when the account does not have enough money to cover the transaction
__________ teller machine card Is a form of debit card used in a cash machine to access an account by using a code or personal identification number. It is also known as an ATM card.
A share of ownership in a company. Stocks are often traded publicly
Money paid to consumers for keeping their money at the bank
Additions or deposits to an account. In a bank register, credits are added to the balance
A ________ statement is given to account holders by a bank or credit union to keep them informed of all transactions they made during the statement period. These statements are sent on a regular basis or posted online.