A thrift institution is a financial institution that obtains the majority of its funds from the savings of the public; savings and loan association (S&Ls) and savings banks, are the types of thrift institutions.
A thrift institution is a financial institution. This financial institution obtains the majority of its funds from the savings of the public. Savings and loan association (S&Ls) are the types of thrift institutions. Savings banks, are the types of thrift institutions.