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THRIFT INSTITUTION [1 record]

Record 1 2011-01-19

English

Subject field(s)
  • Banking
DEF

Depository financial institution whose primary function is promoting personal savings (thrift) and home ownership through mortgage lending. Thrift institutions hold most of their assets in mortgages and collect most of their deposits from consumers. Savings and Loan Associations, Savings Banks, and Credit Unions are all considered thrift institutions. Thrift institutions, at one time restricted to mortgage lending, have gained parity with commercial banks over the last 20 years and many thrifts offer the same range of nonmortgage credit services - credit cards, auto loans, home equity loans, and business loans - available from commercial banks.

French

Domaine(s)
  • Banque
CONT

Le terme générique «thrift institution» (institution d'épargne) est une réalité du système financier américain qui englobe les Credits Unions, les Savings Banks et les Savings and Loan Associations.

Spanish

Campo(s) temático(s)
  • Operaciones bancarias
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