Some have questioned whether these conversions are in the best interests of the credit union members, and have compared them to themutualsavingsbankconversion raids of the 1980s.
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Unlike commercial banks, savings banks have no stockholders; the entirety of profits beyond the upkeep of the bank belongs to the depositors of themutualsavingsbank.
From
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.
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