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About: Savings and loan association     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:University, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingperson functionuniversity New Facet based on Instances of this Class

A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the United States; similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They are often mutually held (often called mutual savings banks), meaning that the depositors and borrowers are members with voting rights, and have the ability to direct the financial and managerial goals of the organization like the members of a credit union or the policyholders of a mutual insurance company. While it is possible for an S&L to be a joint-stock company, and even publicly traded, in such instances it is