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credit union

a cooperative group that makes loans to its members at low rates of interest.
Also called cooperative credit union.
Origin of credit union
An Americanism dating back to 1910-15 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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British Dictionary definitions for cooperative credit union

credit union

a cooperative association whose members can obtain low-interest loans out of their combined savings
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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cooperative credit union in Culture

credit union definition

An organization formed by employees of a company or institution to make personal loans at low interest rates to all employees of that company or institution.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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