Vocab words For Credit Unions, Banks and Money Market Accounts

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Across
  1. 2. – National Credit Union Administration; protects deposits in credit unions up to $250,000.
  2. 5. – The lowest amount required to keep in an account to avoid fees.
  3. 8. – The credit union’s version of interest, paid back to members.
  4. 10. – An account that earns interest on money deposited.
  5. 11. – Federal Deposit Insurance Corporation; protects deposits in banks up to $250,000.
  6. 12. – A type of loan used to buy a house.
  7. 13. – Taking money out of your account.
  8. 15. – Putting money into your bank or credit union account.
  9. 19. – A person who owns part of a financial institution (shareholder = bank, member = credit union).
  10. 20. – How easily you can access your money.
Down
  1. 1. – A machine used to withdraw or deposit money.
  2. 3. – A for-profit financial institution that provides financial services.
  3. 4. – A savings product where money is locked for a set time with higher interest.
  4. 6. – A savings account with higher interest rates and higher balance requirements.
  5. 7. – Borrowed money that must be repaid with interest.
  6. 9. – The percentage paid by banks/credit unions on deposits or charged on loans.
  7. 14. – A nonprofit financial institution owned by its members.
  8. 16. – When you spend more money than you have in your account.
  9. 17. – An account used for everyday spending with checks and debit cards.
  10. 18. – Extra charges for certain banking services (like overdrafts or account maintenance).