Investopedia defines a financial institution as any establishment where the primary activity is fostering financial transactions. Because of this broad definition, there is a wide variety of financial institutions available, from large commercial banks to small credit unions.Know More
Commercial banks can be anything from a single-branch institution to a multinational corporation. Despite the size, most commercial banks tend to do the same sorts of financial transactions. They serve the consumer by allowing deposits that keep the customer's funds safe. They also provide business and personal loans, as well as act as intermediaries for payments between persons, organizations and even nations.
Investment banks and brokerages are also examples of financial institutions. Both handle investments, with investment banks dealing mostly with offering funds to other enterprises, while brokerages allow customers to invest in companies and commodities through the purchase of financial instruments. Financial institutions that offer the same services as banks without being considered banks themselves include savings and loans and credit unions. The main difference savings and loans have from banks is that their lending is restricted primarily to mortgages. Credit unions differ in that they must limit membership to specific organizations, such as a company or church, without being open to the general public.Learn more about Corporations
Johns Creek, Georgia, is home to World Financial Group headquarters, a financial services company providing insurance and investment products to consumers throughout the United States and Canada. Originally named World Marketing Alliance, the organization was founded by Hubert Humphrey in 1991.Full Answer >
Homecomings Financial, LLC (formerly known as Homecomings Financial Network Inc.) was a mortgage servicing company based in the United States. The company went out of business in December of 2013.Full Answer >
Financial institutions provide financing, facilitate economic transactions, issue funds, offer insurance and hold deposits for businesses and individuals. Financial institutions are private or public organizations that serve as an intermediary between savers and borrowers of funds. The two primary types of financial institutions are credit unions or depository banks and non-depository mutual funds and insurance companies. Banks and equity markets are the fundamental institutions in most financial systems.Full Answer >
The mailing address for the Toyota Financial Services finance department is P.O. Box 5855, Carol Stream, IL 60197-5855. The mailing address for the Toyota Financial Services lease department is P.O. Box 4102, Carol Stream, IL 60197-4102.Full Answer >