§ 5123 Thrift Institution Definitions

• •A 'thrift institution' is a special kind of bank or financial group.
• •It includes places like credit unions, savings banks, and building and loan associations.
• •These places help people save money and get loans, especially for homes.

You want to save money for a house and need a loan.

You might go to a credit union or savings bank, which are types of thrift institutions, to get help with saving and borrowing money for your home.