credit union

noun

1. a cooperative group that makes loans to its members at low rates of interest.

credit union

noun

1. a cooperative association whose members can obtain low-interest loans out of their combined savings

credit union

1. 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.

Word History and Origins

Origin of credit union¹

An Americanism dating back to 1910–15

Example Sentences

That bar excludes large lenders, including Bank of America and JPMorgan Chase, while opening up the program to about 5,000 small lenders including community banks, credit unions, and farm credit institutions.

From Washington Post

Stuckey received the first payment into her credit union account without any problems last April, but now she is seeing the “status not available” message on the IRS website when she checks her account.

From Washington Post

In the brick and mortar category, local banks and credit unions tend to be a safer choice when it comes to fossil fuel funding.

From Popular-Science

Other than the police guarding its entries, the hospital could be any other low-slung building on the street, where it sits across from Town Fair Tire, Subway, a Citizens Bank branch and a credit union.

From Washington Post

Perdue has received donations from the trade group and, as a senator, has helped loosen regulations on credit unions.

From ProPublica

The executives at Coastal Federal Credit Union in Raleigh, North Carolina, certainly believe in the technology.

From The Daily Beast

REI is, in fact, a cooperative owned by its members—much like, say, the Park Slope Food Co-Op, or a credit union, or a kibbutz.

From The Daily Beast

Lehrer hopes to bring a similar attitude to other policy areas such as entitlement reform and credit union deregulation.

From The Daily Beast

Yet the Credit Union National Association singled out Christian for the impact she is having on its member institutions.

From The Daily Beast

The Credit Union National Association, a D.C.-based advocacy group, recently surveyed 5,000 credit unions across the country.

From The Daily Beast

A credit union may be organized by any seven or more persons with a share capital the par value of which shall not exceed $25.

From Project Gutenberg

Related Words

• lending institution