thrift institution
noun[C]
BANKING,PROPERTYukus(alsothrift)in the US, atypeofbankthatallowsyou tosavemoneyorborrowmoneytobuyahouse:
Thriftinstitutionis ageneraltermforsavingsbanksandsavingsandloanassociations.
Thesedays, thriftsplacemost oftheirmoneyintoboringbutsafemortgages.