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Q: What are the functions of banks savings and loan associations and credit unions?
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What is thrift bank?

Thrift Institution is the general term for savings banks, savings and loan associations, and credit unions


What are mutual associations?

Mutual Associations, are savings banks, savings and loan associations, insurance companies, and credit unions that are not organized under state corporation laws as stock corporations but are owned by their depositors


What are the four major deposit-type institutions?

commercial banks, savings and loans associations, mutual savings banks, and credit unions.


What are Banks for Cooperatives?

Cooperative banking takes several forms: building and loan associations; credit unions; federal land bank associations; labor banks; savings and loan associations; and savings banks


What are automated clearing-houses?

processes and delivers electronic debit and credit payments among participating institutions, usually commercial and savings banks, savings and loan associations, and credit unions


What are the six types of lending institutions?

Commercial banks, savings and loan associations, savings banks, credit unions, finance companies, and consumer finance companies.


What are types of deposit taking institutions?

Deposit-taking institutions take the form of commercial banks; savings and loan associations and mutual savings banks; and credit unions.


What are the major financial intermidiaries?

the important financial intermidiaries are .............commercial banks,mutual funds,pension plans,credit unions,savings and loan associations.


Which has the best savings accounts banks or credit unions?

Savings accounts opened with credit unions can generally give you better interest rates and lower fees. Credit unions are nonprofit, whereas banks are not.


By what measure have types of financial institutions increased?

Thrift institutions, including mutual savings banks, savings and loan associations, credit unions, finance companies, insurance organizations, and investment companies were active participants in financial services.


Do banks or Credit Unions typically have the best savings rates?

Credit Unions usually have the best savings rates. They usually are more local and fewer customers allowing for higher rates. Credit Unions almost always have better rates. However credit unions usually don't allow just anyone to use them. I use our Local Government Credit Union, but I can only do this because my mother is employed by a local government department.


What are three types of institutions in which people usually keep their savings?

Commercial banks, savings and loan banks, credit unions