What is another word for building and loan association?
Pronunciation: [bˈɪldɪŋ and lˈə͡ʊn ɐsˈə͡ʊsɪˈe͡ɪʃən] (IPA) 
A building and loan association, also known as a savings and loan association, is a financial institution that offers savings accounts and provides financing for mortgages and other loans. Similar to building societies, it is a mutual organization that is owned by its members and aims to help them achieve their financial goals. Other possible synonyms for building and loan association include thrift institution, cooperative bank, credit union, and community bank. These terms all refer to institutions that prioritize savings and loans, and often operate with a focus on the local community and small businesses.
