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Sharon was debating whether she should open an account with a savings and loan association or with a credit union. She decided that the savings and loan association was best for her. What could have been a reason that she opted for the savings and loan association?
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Sharon is saving her money with the hope of buying a house in the future. Savings and loan associations offer Sharon more options than credit unions. Savings and loan associations have checking accounts, but credit unions do not. Savings and loan associations are insured, but credit unions are not.
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