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Investments glossary

Thrift Associations Defined


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Quotes of the day:

a good tooth, gets no gold

— Severin Meiland

Thrift may mean saving money, but a thrift is a savings and loan association. Thrifts also refer to credit unions and mutual savings banks that provide a variety of saving and loans services. Thrifts differ from commercial banks in that they can borrow money from the Federal Home Loan Bank System, which allows them to pay members higher interest.

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