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Building and Loan Association |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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An organization that exists to accumulate a fund, composed of subscriptions and savings of its members, to help facilitate the purchase or construction of real estate by such members by lending them the necessary funds. Cross-referencesHow to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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California Federal was founded in 1926 as the Railway Mutual Building and Loan Association, which served the employees of the Los Angeles Pacific Electric Railway system, the old "Red Cars" that used to provide urban transportation here. Atlantic Liberty Savings was originally a New York building and loan association serving the Brooklyn community since 1888. Atlantic Liberty Savings was originally a New York building and loan association serving the Brooklyn community since 1888. |
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