100 Financial Services

  • Agreement Corporation

    Corporation chartered by a state to engage in international banking: so named because the corporation enters into an “agreement” with the Fed’s Board of Governors that it will limit its…

    Read More »
  • Bank Holding Company

    A company that owns and/or controls one or more U.S. banks or one that owns, or has controlling interest in, one or more banks. A bank holding company may also…

    Read More »
  • Broker

    A broker is an individual or firm that charges a fee or commission to act as an intermediary between two parties to accomplish a specific goal. There are investment brokers, real…

    Read More »
  • Commercial Bank

    A financial institution that is owned by stockholders, operates for a profit, and engages in various lending activities.

    Read More »
  • Community Development Financial Institutions (CDFI)

    What are CDFIs? CDFIs are specialized financial institutions that provide affordable financial services to underserved communities. They are typically non-profit or mission-driven organizations that aim to foster economic development and…

    Read More »
  • Cooperative Bank

    State-chartered savings associations located in Massachusetts, New Hampshire, Rhode Island and Vermont.

    Read More »
  • Correspondent Bank

    A financial institution that regularly performs services for other banks.

    Read More »
  • Credit Union

    What is a credit union? Credit unions can be state or federally-chartered not-for-profit financial cooperatives providing financial services to member-owners who have met specific employment, residence, or other eligibility requirements.…

    Read More »
  • Credit Union National Association (CUNA)

    The Credit Union National Association, known as CUNA, is the national financial services trade association advocating for the entire credit union movement. CUNA advocates for both federally chartered and state-chartered credit…

    Read More »
  • Custodial Fund

    A designated sum of money granted to an individual or a department for purposes that cannot be achieved through normal procedures. Common custodial funds are petty cash funds, change funds,…

    Read More »