a cooperative group that makes loans to its members at low rates of interest.
Origin of credit union
An Americanism dating back to 1910–15
Also called cooperative credit union.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for cooperative 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
Culture definitions for cooperative credit union
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 Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.