A building and loan association is one that is often comprised of members who would like to construct a new building or purchase a new piece of real estate. The association's goal is to support its members in whatever way possible in order to make it easier for them to facilitate this process. Most of the time, the association will help raise funds to make the new building project or development a reality for the members. Building and loan associations are usually held mutually. This means that the depositors to the association and the borrowers have mutual decision-making power to determine how the association's funds are directed. In many cases, the members will appoint a board of directors to make the day to day decisions on how to raise funds and when to disperse funds. These groups can be organized and maintained in a number of different ways.