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

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