Building and loan association

Building and loan association
A building and loan association is a cooperative that assists its members in obtaining financing for real estate purchases and construction.
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building and loan associations
See also Savings and Loan associations (S&Ls)
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BUILDING AND LOAN ASSOCIATION - A financial institution designed to help members finance real-estate tr...
BUILDING CODE - Laws, usually but not always enacted by local government units, that set safety and fir...

Sometimes called building and loan associations, cooperative banks, or homestead associations. The institutions accept deposits primarily from individuals, and channel their funds primarily into residential mortgage loans.

Deposits or withdrawable accounts with mutual savings banks, cooperative banks, credit unions, domestic building and loan associations, ...

The savings and loan industry was first established in the 1830s as a building and loan association. The first savings and loan association was the Oxford Provident Building Society in Frankfort, Pennsylvania.

Other items that are commonly called "dividends" but that are treated as interest and reported in Part I of Schedule B are income from accounts in cooperative banks, credit unions, domestic building and loan associations, domestic savings and loans, ...

[Harvey] building and loan association another name for a savings and loan association.

See also: Saving, Banks, Savings bank, Savings and loan association, Business plan