Chapter 14: Other Lending Institutions: Savings Institutions, Credit Unions, and Finance CompaniesOf all the depository institutions, as a percentage of assets, credit unions rely the most on depositsources of funds.
The policy employed in the 1980s of not closing economically insolvent savings institutions was called regulatory forbearance.
After deposits, the second largest source of funds at savings institutions is FHLB loans.
Savings institutions must have at least 65 percent of their assets in mortgage-related areas in order to maintain their thrift charter.
In a mutual organization, the depositors are owners of the institution.
Traditionally, most credit union members had a common employer, but increasingly the required commonality is a common location of either residence or workplace.