World Savings and Loan
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Savings and Loan crisis - The Savings and Loan crisis of the 1980s was a wave of savings and loan failures in the USA, caused by rising interest rates, fluctuation in real estate values, deregulation, lack of regulatory oversight, mismanagement, failed speculation, and, in some cases, fraud. Over 1,000 savings and loan institutions failed.
Savings and loan association - A savings and loan association is a financial institution which specializes in accepting savings deposits and making mortgage loans. They are often mutually held (often called mutual savings banks), meaning that the depositors and borrowers are members with voting rights and have the ability to direct the financial and managerial goals of the organization.
Golden West Financial - Golden West Financial, a company primarily known for its subsidiary World Savings, is the second largest Savings and Loan in the United States. In addition, over the last 20 years it has outperformed nearly every other major financial institution, earning it Most Admired Company status from Fortune magazine and adulation for its husband and wife Co-CEO team.
Savings deposit - Savings deposits are accounts maintained by commercial banks, savings and loan associations, credit unions, and mutual savings banks that pay interest but can not be used directly as money (by, for example, writing a check). These accounts let customers set aside a portion of their liquid assets that could be used to make purchases.
worldsavingsandloan
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