mutual savings bank

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mutual savings bank

n
(Banking & Finance) chiefly US a savings bank having no subscribed capital stock and distributing all available net profit to depositors who, however, remain creditors without voting power
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Noun1.mutual savings bank - a state-chartered savings bank owned by its depositors and managed by a board of trustees
savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
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They were in fact small mutual associations of a dozen or a hundred farmers, whose aim was to get telephone service at cost.
Liberty is defined as a mutual association, which means its held by customer-members who have equal stakes in bank governance regardless of their account size.
A range of police support groups visited Mill Street on the day, including the Police Dependant's Trust, Police Scotland's Human Resources Team, the Scottish Police Credit Union, the Health and Wellbeing Team, the Scottish Police Recreational Association, the Police Treatment Centres and The Police Mutual Association, who were all on hand to offer information to those working across the Renfrewshire and Inverclyde Division.
Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal's mission is to help people achieve the dream of home ownership and financial security.
We are confident that our mutual association with EFU Life and the support extended by them will make this venture a success.
He added: "Cyrine aligns with our brand on many levels and our mutual association has brought a fresh perspective to the REDTAG winter collection for 2015, which we are confident our customers will love.
Prosecutor Alberto Nisman had asked a judge to call Fernandez, Timmerman and others for questioning about the 1994 bombing of the Argentine-Israeli Mutual Association in Buenos Aires that killed 85 people.
Apparently, the building was funded by the "El Hogar" Mutual Association next door and was finished in 1922.
The first related to the creation of a mutual association of the staff of the Interior Ministry, the local communities and the public administrative institutions not part of the interior security forces.
ALGIERS, Dec 20 (KUNA) -- Algeria and the European Union (EU) have signed four agreements worth a total of 94 million Euros to fund cooperation programs in the fields of environment and fishing and a mutual association agreement.
The Delegation of Israeli Argentine Associations (DAIA), which groups 120 Jewish communities from all over the country, including the Argentine Israeli Mutual Association (AMIA) that was bombed, has challenged the agreement in court, contending that it interferes with the Argentine investigation.