1. Agenda 1. Warm-Up 2. Other Organizations
3. Banks vs. Credit Unions News Clips
4. Banks vs. Credit Unions Article, Questions, Paragraph

2. Warm-Up
1. Determine why it is smart for a business to reinvest some of it’s profits.
2. Why does the government look more critically at, and decline more horizontal mergers then vertical mergers?

3. Other Organizations

4. Community and Civic Organizations
Most non-profits legally incorporated to have unlimited life & limited liability
Use profits to further work of organization
No not issue stock, pay dividends or pay income taxes

5. Cooperatives
Voluntary association formed to carry on econ activity that will benefit members
Consumer: buy in bulk, members volunteer time
Service: instead of goods offers service (credit unions)
Producer: helps members (farmers) sell product directly to companies

6. Professional Associations
Work to imporve conditions, skill level, public perception
AMA influences licensing/training of doctors
Seek to influence gov’t policy on issues of importance

7. Business Associations
C.O.C. promotes local businesses & community
Trade associations interested in shaping gov’t policy regarding their trade
B.B.B. offers info., inquires, & complaints of businesses

8. Government Direct Role Indirect Role Produce/distribute goods
DWP
TVA
FDIC
U.S. Postal Service
Federal agencies organized liked businesses
Regulates public utilities
Most people like gov’t regulation of utilities
Grants money to people
Unemployment Ins.
Social Security
Veterans Benefits
College Aid
Gives a economic “vote” to more people