Thrift institution
Encyclopedia
A thrift institution is a financial institution that obtains the majority of its funds from the savings of the public; savings and loan association
(S&Ls) and savings banks, are the types of thrift institutions.
Savings and loan association
A savings and loan association , also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans...
(S&Ls) and savings banks, are the types of thrift institutions.