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Mutual Association

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Mutual association
A savings and loan association organized as a cooperative, with members purchasing shares, voting on association affairs, and receiving income in the form of dividends.

Mutual Savings Bank
A savings and loan association that has no stockholders and, as a result, reinvests all profits in itself. Most mutual savings banks are owned by their depositors and borrowers. Because there are no stockholders to please, mutual savings banks are often very conservative with how they invest deposits. As a result, they tend to survive periods of financial distress relatively well. This was especially true during the Great Depression. In the United States, most mutual savings banks are in the Northeast.


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Some 85 people were killed and 300 people were injured in the 1994 bombing that leveled the seven-floor building housing the Argentine Jewish Mutual Association (AMIA) in Buenos Aires.
Prosecutor Alberto Nisman, who is investigating the attack on the Argentine Jewish Mutual Association (AMIA) which killed 85 people and injured 300 people, on Friday also requested the arrest of the ex-president's brother Munir Menem and former intelligence services chief Hugo Anzorregui.
These messages were sent by : - The Tunisian Association of Study and Research of Locomotor System, - The Tunisian Association of Economic Law, - Women and Development Association, - National Mutual Association of Education of Tunisia.
 
 
 
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