Building society: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Source: http://businesscasestudies.co.uk/building-societies-association/building-societies-and-other-types-of-organisation/benefits-of-mutual-organisations.html#axzz4FFI5Mazm) |
imported>Doug Williamson (Add link.) |
||
| Line 9: | Line 9: | ||
*[[Mutual]] | *[[Mutual]] | ||
*[[Shareholder]] | *[[Shareholder]] | ||
*[[SMF participant]] | |||
Revision as of 17:20, 8 August 2016
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.
