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Types of Financial Institutions, 2026 – Lecture Notes and Study Material

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Types of Financial Institutions, 2026 – Lecture Notes and Study Material

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Financial Institutions
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Financial Institutions

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Types of Financial Institutions, 2026 – Lecture Notes and Study
Material


Commercial banks - ANS✔✔ the largest and oldest of all financial institutions, relying mainly on
checking and savings accounts as sources of funds for loans to businesses and individuals



Savings and loan associations (S&L's) - ANS✔✔ a financial institution designed to collect savings
and use that capital to make loans



Credit Unions - ANS✔✔ A financial institution owned by its members that provides savings and
checking accounts and other services to its membership at low fees.



Brokerage Firms - ANS✔✔ firms that buy and sell stocks, bonds, and other securities for their
customers and provide other financial services
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