What is actually a federal Coupons and you can Financing (S&L)?
What is actually a federal Coupons and you can Financing (S&L)? The expression government savings and you can mortgage (S&L) makes reference to a loan company you to focuses primarily on bringing checking and deals levels, finance, and you may domestic mortgage loans so you can users. These organizations are also named thrifts-borrowing from the bank unions and you will coupons financial institutions that are mutually owned by their consumers. As a result, all of these businesses are neighborhood-established and you will truly possessed, however some can be in public areas-exchanged. …