Thrift Institution Advisory Council (TIAC) Throughput agreement
A general term encompassing savings banks, savings and loan associations, and credit unions.
Depository institution, such as mutual savings banks. If organized as mutual associations, depositors are shareholders. They provide mortgages.
is a general term for savings banks and savings and loan associations.
An organization that primarily accepts savings account deposits and invests most of the proceeds in mortgages. Savings banks, savings and loan associations, and credit unions are example of thrift institutions.
thrifts include mutual savings banks, savings and loan associations and credit unions
An institution that accepts and maintains accounts for small depositors but is legally barred from offering demand deposit accounts. Institutions offering demand deposit facsimile accounts are considered thrift institutions and not commercial banks.
