Which of the following is true about credit unions?

Credit unions are member-owned financial cooperatives that prioritize serving their members rather than generating profits for shareholders. One key characteristic of credit unions is that they are often formed around a common bond, which can include being associated with a particular corporation, employer, or community group. This connection fosters a sense of belonging among members and allows credit unions to tailor their services to the specific needs of their member base.

While credit unions do provide a range of financial products and services, they generally focus on serving their members' needs over broad public access, contrasting with traditional banks that may aim to maximize profit and serve a wider clientele. Regulation of credit unions is not linked to the stock market; instead, they are overseen by the National Credit Union Administration (NCUA) in the United States, which ensures the safety and soundness of credit unions and protects member deposits. Thus, the association of credit unions with corporations or employers is a defining feature, making the third option the correct choice.