What is another word for mutual savings bank?
Pronunciation: [mjˈuːt͡ʃuːə͡l sˈe͡ɪvɪŋz bˈaŋk] (IPA) 
A mutual savings bank, also known as a savings association, is a financial institution that typically serves the needs of consumers and small businesses. There are several synonyms for the term mutual savings bank that are commonly used in the banking industry. These include savings and loan association, thrift institution, credit union, and building society. Each of these terms implies a slightly different organizational structure or business model, but they all share the common goal of providing depositors with a safe and reliable place to save their money, while also offering loans and other financial services to help them meet their financial goals.
