The correct answer highlights the member-focused nature of credit unions, which serve their members rather than outside shareholders. This structure allows credit unions to offer lower fees on services such as checking accounts and loans because they aim to provide benefits to their members rather than to generate profit. Additionally, credit unions tend to offer higher savings account interest rates compared to traditional banks because they can pass on savings from operational efficiencies directly to their members.
The emphasis on member-focused services enhances the overall value for individuals using a credit union, as they can access financial products that cater to their needs more effectively than larger banking institutions might. This creates a sense of community and personalized service that many people find appealing.
In contrast, other options provided do not accurately represent the primary strengths of credit unions. For example, the mention of higher fees or limited services does not align with the reputation credit unions have for lower costs and extensive support for their members.