Financial Institutions Vocabulary

A loan to purchase real estate

federal government agency which protects accounts at credit unions

A commitment of money to achieve long-term financial goals

offer banking services and loans to individuals and businesses

banks focused on providing loans and mortgages to customers who hold a savings account

Lending Money to an organization as an investment

federal government agency which protects accounts at banks

Purchase real estate as an investment to gain a profit

offer a wide variety of services and products available including checking and savings accounts

An insured interest earning savings instrument with restricted access to funds

A card used to make a purchase now and must be repaid later

Borrowed money members apply for to be paid back at various interest rates

Group of stocks, bonds, and other investments managed by an investment firm

A secured box in a bank to be used for valuable and important personal items

non-profit cooperative bank owned by its members

Plans to set aside money for retirement. Money is tax-deferred until withdrawn.

licensed institutions which offer customers money management plans

A savings account at a credit union

A CD at a credit union

Paper checks or debit cards are used to withdraw money to pay for items

Ownership, represented by shares, in a corporation

Businesses which offer multiple services in banking and finance

Information and advice given to customers to help them make decisions about financial issues

Money is deposited into an account to earn interest