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.
References in periodicals archive ?
Path coefficient analysis: Correlation coefficient measures the mutual association between two variables but does not permit the cause and effect relationship of traits contributing directly or indirectly towards economic yield.
We use all-confidence to measure the degree of mutual association in an itemset.
Gen Vahidi, wanted by Interpol for master-minding a 1994 attack on the Israeli-Argentine Mutual Association in Buenos Aires, in which 85 Jews were killed and many others were hurt, is among supremacists who exaggerate Iran's military capabilities.
Mark Parish, managing director at GPW, commented: "This venture was born out of our mutual association with St Helens Rugby League club, with both of us sponsoring Saints for a number of years now.
* Argentine Foreign Minister Hector Timerman, breaking the silence he'd maintained since being accused of passing on an offer to Iran to drop the investigation of the 1994 bombing of the Argentine Israeli Mutual Association in return for improved trade, impressed on Natan Sharansky "his deep commitment to the investigation," said Sharansky.
This was a mutual association, and his powerful influence was felt by all he came in contact.
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.
Argentina complained on Friday over his nomination of Ahmad Vahidi, a man wanted by Interpol in connection with a bombing of the Argentine-Israeli Mutual Association Buenos Aires in 1994, which left 85 people dead.
The 1994 bombing that leveled the seven-floor Argentine Jewish Mutual Association building in Buenos Aires killed 85 people and wounded 300.
There is also the October 2006 charge by Argentinean prosecutors against Hizbullah and Iran in the July 18, 1994, bombing in Buenos Aires of the Argentine Israeli Mutual Association which killed 85 people and wounded 300.
Plaid Cymru AM Leanne Wood accused the Labour-run authority of failing to give the facts and a balanced view about suggestions that 11,000 council homes could be transferred next year to a community mutual association run by tenants and councillors.
Almost 90 people were killed and 200 injured in the blast at the headquarters of the Argentine Jewish Mutual Association.