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Federal Savings and Loan Association

A federally chartered bank that specializes in taking deposits for checking and savings accounts, as well as making home mortgages. Savings and loan associations tend to be smaller than other banks and are more focused on the local communities in which they operate. It is sometimes (but not always) easier to obtain a loan from a savings and loan association because it may have better knowledge of the local market. They derive most of their funds from customer savings accounts, but they also generally have easy access to loans from the Federal Home Mortgage Banks. They are also known as thrifts. They are regulated by the Office of Thrift Supervision.

thrift

A financial institution that derives its funds primarily from consumer savings accounts. The term originally referred to those institutions offering mainly passbook savings accounts. But the industry evolved through financial deregulation to the point where these accounts often provide only a small source of funds for many thrifts. The term often refers to savings and loan associations, but can also mean credit unions and mutual savings banks.
References in periodicals archive ?
Many of the new Dollar and Thrifty stores are located in key leisure destinations for European travelers.
Thrifty's expansion in Kuwait is fast and simultaneous; we have increased our locations, services, and fleet," said Sam Eltibi, executive director, Dollar Thrifty Automotive Group.
As a value brand servicing both leisure and business customers, Thrifty Car Rental is perfectly suited to satisfy the different needs of the Expedia customer.
Today, Thrifty has 89 locations in the region, including 33 in Mexico, with the balance in these countries: Anguilla, Antigua, Argentina, Aruba, the Bahamas, Belize, the Cayman Islands, Costa Rica, the Dominican Republic, El Salvador, Honduras, Jamaica, Mexico, Nicaragua, Panama, Puerto Rico, St.
The investigation concerns, among other things, whether the consideration to be paid to Dollar Thrifty shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of Dollar Thrifty.
The Thrifty Car Rental app has many unique, easy-to-use features including the ability to notify users about specials and promotions as well as nearby Thrifty locations.
If you own common stock in Dollar Thrifty and wish to obtain additional information, please contact Joseph E.
Our specially-designed app for iPhone and iPod touch is another added convenience for Thrifty renters.
The GlobalLink-Rhythmyx integration supports customers like Thrifty that are focused on driving value from a robust, scalable content management solution that truly fits their needs for multilingual support.
As previously announced, Dollar Thrifty has agreed to cooperate with Hertz Global Holdings, Inc.
Companies like Thrifty are setting the standards of excellence for other Intranet and Internet professionals, and we are pleased to recognize their contributions as part of Content Week 2005.