What is another word for building loan associations?
Pronunciation: [bˈɪldɪŋ lˈə͡ʊn ɐsˈə͡ʊsɪˈe͡ɪʃənz] (IPA) 
Building loan associations, also known as savings and loan associations or thrifts, provide financial services to individuals and families looking to fund home ownership. Synonyms for building loan associations include cooperative societies, housing societies, and mutual savings and loan associations. These organizations allow members to pool their resources together to secure financing for housing projects. Other synonyms for building loan associations may include building societies, loan and building societies, and mutual building societies. These organizations have played a significant role in propelling home ownership rates, particularly during the 20th century. Today, building loan associations continue to be a valuable option for individuals seeking to attain the dream of owning a home.
