a cooperative group that makes loans to its members at low rates of interest.
- Also called cooperative credit union.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use credit union in a sentence
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.How to get a small-business loan from the new $284 billion PPP program | Aaron Gregg | January 15, 2021 | 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.Some Americans learn they won’t get a stimulus payment until they file their 2020 taxes | Heather Long | January 6, 2021 | 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.Switching your bank might help slow the climate crisis | Ula Chrobak | December 29, 2020 | 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.Inside a Rhode Island field hospital, preparing for the worst of the pandemic | Lenny Bernstein | December 26, 2020 | Washington Post
Perdue has received donations from the trade group and, as a senator, has helped loosen regulations on credit unions.Sen. David Perdue Sold His Home to a Finance Industry Official Whose Organization Was Lobbying the Senate | by Robert Faturechi | December 10, 2020 | ProPublica
The executives at Coastal Federal credit union in Raleigh, North Carolina, certainly believe in the technology.
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.REI CEO Sally Jewell Nominated for Interior Secretary Post | Daniel Gross | February 7, 2013 | THE DAILY BEAST
Lehrer hopes to bring a similar attitude to other policy areas such as entitlement reform and credit union deregulation.
Yet the credit union National Association singled out Christian for the impact she is having on its member institutions.
The credit union National Association, a D.C.-based advocacy group, recently surveyed 5,000 credit unions across the country.
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.Readings in Money and Banking | Chester Arthur Phillips
British Dictionary definitions for 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
Cultural definitions for 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.