Introducing
Your new presentation assistant.
Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.
Trending searches
Example:
-Homestead Bank
Commercial Banks- owned by
stockholders who expect a profit;
offered to everyone; provides checking
and savings account, credit cards,etc.
Example:
-Wells Fargo
-Certus Bank
Credit Unions must be members. Credit
Unions are not for profit financial
institutions that exist to benefit the
members.
Example:
Credit Unon of Georgia
Loan Companies- they do not
recieve deposits; are private
companies who lend money
and make a profit on the
interest.
Example:
Georgia Payday Loan
Brokerage Houses- who
excute orders to buy and sell
stocks and other securities;
paid commissions
Example:
Charles Schwab
Brokerage
Insurance Companies-
make money on policies
they sell, which protect
against financial loss and/or
build income for later use.
Example:
Farm Bureau
Currency Exchanges- are
private companies that cash
checks, sell money orders, or
perform other exchange
services; charge a fee usually
the percentage of the amount
exchanged.
Depository Institutions
Non-depository Institutions
Example:
US Bank
Example:
The New York Mutual Savings Bank
A financial institution
that obtains funds from
the public and uses them
to finance their businesses.
Mutual Savings Banks-recieve deposits
primarily from individuals and
concentrate real estate mortages.
State chartered banks
A financial institution that
does not take or hold deposits.
Savings and Loan Associations-recieve
most of their deposits from individuals;
focuses on real estate lending for people.