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  FinancialOrganization

Sigma KEE - FinancialOrganization
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FinancialOrganization
The class FinancialOrganization includes, as subclasses, Bank-FinancialOrganization, CreditUnion and SavingsAnLoans.
Relationships      
Parents Organization An Organization is a corporate or similar institution. The members of an Organization typically have a common purpose or function. Note that this class also covers divisions, departments, etc. of organizations. For example, both the Shell Oil Corporation and the accounting department at Shell would both be instances of Organization. Note too that the existence of an Organization is dependent on the existence of at least one member (since Organization is a subclass of Collection). Accordingly, in cases of purely legal organizations, a fictitious member should be assumed.
Children Bank-FinancialOrganizationAn organization, chartered by a state or federal government, which does most or all of the following: receives Deposits, honors FinancialInstruments drawn on them, and pays Interest on them, discounts Notes, makes Loans, and invests in SecuredLoans, collects Checks, Drafts and Notes, certifies depositor's checks, and issues drafts and Cashier's checks.
 CreditUnionCredit unions are non-profit, member-owned, financial cooperatives. They are operated entirely by and for their members. When you deposit money in a credit union, you become a member of the union because your deposit is considered partial ownership in the credit union. Many large organizations have established credit unions for their employees.
 SavingsAndLoansA federally or state chartered FinancialOrganization that takes Deposits from individuals, funds Mortgages, and pays Dividends.


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