The expression federal deals and you will loan (S&L) identifies a loan company one to focuses on bringing examining and you will discounts profile, funds, and you will residential mortgages to customers. Such institutions are known as thrifts-borrowing from the bank unions and you will deals finance companies which might be collectively owned by the users. Therefore, all of these companies are community-depending and personally owned, while some can certainly be in public-exchanged.

The term trustee deals bank is used in britain in the same way government deals and you may financing is employed from the All of us.

Just how a national Discounts and Mortgage (S&L) Works

More today’s federal offers and you will loans is actually federally-chartered people-founded establishments. In the place of commercial banking institutions, he or she is had and you may controlled by their clients-maybe not because of the investors. Sigue leyendo →