What is the primary sources of funds for savings and loan associations?

Question

Quizplus · Accepted Answer

The primary source of funds for savings and loan associations is individual savings. These institutions collect deposits from individual savers and use that money to make loans for mortgages and other types of loans. Premiums paid on policies are more commonly associated with insurance companies, while employee/employer contributions are typically seen with retirement accounts. While savings and loan associations may borrow money from other financial institutions or issue bonds, this is not their primary source of funds.

What Is the Primary Sources of Funds for Savings and Loan