Savings and loan association
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A savings and loan association, or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. While the terms "S&L" and "thrift"
Detroit Federal Savings and Loan Association Building, Detroit, Michigan
PSFS Building, Walnut and Seventh Streets, Philadelphia.
Credit union
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A credit union is a member-owned nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts, share draft accounts, c
Savings and loan association
…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…
A branch of the Coastal Federal Credit Union in Raleigh, North Carolina
Statue in Rača, Bratislava of Samuel Jurkovič, founder of the first cooperative, or credit union, in Central Europe (Spolok Gazdovský)
The directors of the Mulukanoor Women's Thrift Cooperative stand at the entrance to their credit union in Karimnagar district, Telangana, India.
Friedrich Wilhelm Raiffeisen founded the first rural credit unions in Germany.