What is a federal Coupons and Loan (S&L)?
The expression federal offers and loan (S&L) describes a financial institution one to centers on bringing checking and you may savings membership, fund, and domestic mortgages to help you consumers. These organizations are described as thrifts-borrowing unions and deals finance companies that will be mutually owned by the consumers. As a result, many of these companies are people-established and physically owned, however some can also be publicly-traded. Continua a leggere