Thrift Institution

Definition

Thrift Institution. An organization that primarily accepts savings account deposits and invests most of the proceeds in mortgages.

Savings banks and savings and loan associations and credit unions are examples of thrift institutions

See Also

• http://www.ffiec.gov/nicpubweb/Content/HELP/Institution%20Type%20Description.htm

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.