Savings Association Insurance Fund (SAIF)

Savings Association Insurance Fund (SAIF),

Definition of Savings Association Insurance Fund (SAIF):

  1. Savings Association Insurance Fund (SAIF) was a government insurance fund for savings and loans and thrift institutions in the United States to protect depositors from losses due to institutional failure.

  2. An insurance system for thrift banks and savings and loans. The SAIF is administered by the Federal Deposit Insurance Corporation (FDIC).

  3. SAIF was created in the aftermath of the savings and loan crisis of the late 1980s, during which poor real estate investments led to the failure of more than 1,000 of America's savings and loan institutions, costing taxpayers more than $160 billion.

Meaning of Savings Association Insurance Fund (SAIF) & Savings Association Insurance Fund (SAIF) Definition