Building society

From ACT Wiki
Revision as of 17:22, 4 August 2022 by imported>Doug Williamson (Add link.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

A deposit taking and lending organisation owned mutually by its customers.

By contrast, most banks are owned by shareholders, who would not normally or necessarily be customers of the bank.

See also