7. Credit unions True or False: The number of commercial banks in the United States exceeds the number of credit uniors; however, the total assets commercial banks hold are much lower than that of credit unions. True False True or False Like savings institutions and commercial banks, credit unions can be chartered at the state or federal level. True False Which of the following are advantages of credit unions? Che ons? Check all that apply. They can offer lower fees on checking accounts because they are a nontaxable nonprofit. Their farge membership allows them to diversity geographically They generate enough funds to heavily invest in state-of-the-art technology for their online and mobile banking platforms They offer lower minimum account balance requirements