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

Related Words

• lending institution www.thesaurus.com