savings and loan associationnoun [ C ]uk /ˈseɪ.vɪŋz ən ˈləʊn əˌsəʊ.si.eɪ.ʃən/ us /ˈseɪ.vɪŋz ən loʊn əˌsoʊ.si.eɪ.ʃən/ US UK building society
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(Definition of “savings and loan association” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)
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the people living in one particular area or people who are considered as a unit because of their common interests, social group, or nationality