Finance

Rendering Facilities in Building Societies

Rendering Facilities in Building Societies

A building society is a financial institution owned by its members being a mutual organisation. Building societies offer banking and associated financial services, especially benefits and mortgage lending. This can be a type of financial institution to provide banking and other financial services to its users. Building societies resemble credit unions in the U. S. in actually owned entirely by the members. These societies offer house loans and demand-deposit accounts and are also often backed by insurance companies.