savings and loan association is an association of savers and borrowers formally established to accept deposits and make loans, primarily on residential real estate. An association may be organized as a mutual or a stock association. A mutual association is owned by its depositors and, in some cases, its borrowers. A stock association is owned by its shareholders. A savings and loan association may be chartered by a state or receive a federal charter from the Office of Thrift Supervision. Savings and loan associations are also called S&Ls, savings associations, building and loan associations, cooperative banks, or homestead societies.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). savings and loan association. Retrieved October 1, 2026, from http://smartdefine.org/savings_and_loan_association/definitions/1162918 |
| Chicago | Barry Goldsmith. 2010. "savings and loan association" http://smartdefine.org/savings_and_loan_association/definitions/1162918 (accessed October 1, 2026). |
| Harvard | Barry Goldsmith 2010, savings and loan association, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/savings_and_loan_association/definitions/1162918>. |
| MLA | Barry Goldsmith. "savings and loan association" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/savings_and_loan_association/definitions/1162918> |