| A | B |
|---|
| Commercial Banks | owned by stock holders who want to earn a profit on their investment. |
| Credit Unions | owned by members of the credit union. They are a Non-profit Organization. |
| Non-profit Organization | an organization whose primary objective is to support an issue or matter for non-commercial purposes. They are in business to at least breakeven. |
| FDIC | insures or protects accounts in most commercial banks |
| NCUA | insures or protects accounts in federally chartered credit unions |
| Individual Account | has only one signer |
| Joint Account | has two or more signers |
| Signature Card | A way to verify account ownership |
| Check register | separate form or book that has space to keep track of the amount of each check, the check number, the balance, deposits to the account, date of transaction, and a description of the transaction. |
| Service charge | a fee charged by the financial institution for services provided to the customer |
| Canceled check | a check that has been processed and deducted from the customers account |
| Deposit slip | a form to be completed when you put money into an account |
