Thrift institutions

Question

Thrift institutions

Quizplus · Accepted Answer

Thrift institutions, also known as savings and loan associations or savings banks, receive most of their funds from the public's savings deposits. They primarily focus on providing mortgage loans to individuals and small businesses. Commercial banks and investment firms are not considered thrift institutions. Credit unions are a type of thrift institution, but savings and loan associations are also included in this category. Thrift institutions can offer transaction deposits, but their primary focus is on savings deposits and mortgage lending.

Thrift Institutions