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Module 8 4.02 Types of Financial Institutions

AB
Commerical bankA full-service financial institution that offers a variety of services
Saving and loan associationA financial institution that provides loans and mortgages to customers who hold a saving acount
Credit unionA nonprofit financial cooperative owned by its members
Brokerage firmA licensed institution that specializes in investing.
Insured financial institutionOne that is insured---as by Federal Deposit Insurance Corporation (FDIC), Savings Association Insurance Fund (SAIF), or Natioanl Credit Union Administration (NCUA) to protect deposits of clients


NCVPS

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