U.S. Savings and Loan in The 20th Century
The savings and loan association became a strong force in the early 20th century through assisting people with home ownership, through mortgage lending, and further assisting their members with basic saving and investing outlets, typically through passbook savings accounts and term certificates of deposit.
The savings and loan associations of this era were famously portrayed in the 1946 film It's a Wonderful Life.
Read more about this topic: Savings And Loan Association
Famous quotes containing the words loan and/or century:
“... the ... thing I am proudest of in my whole business life is that I do not take, that I never took in all my life, and never, never! will take, one single penny more than 6% on any loan or any contract.”
—Hetty Green (1834–1916)
“It is curious to note the old sea-margins of human thought! Each subsiding century reveals some new mystery; we build where monsters used to hide themselves.”
—Henry Wadsworth Longfellow (1807–1882)