credit union

American  

noun

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

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credit union British  

noun

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

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credit union Cultural  

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.

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Etymology

Origin of credit union

An Americanism dating back to 1910–15

Example Sentences

New York Fed President John Williams told reporters at a credit union conference in Washington that the fallout hinges on how long they affect asset prices, especially the price of oil.

From Barron's • Mar. 3, 2026

According to the Associated Press news agency, she had previously worked as a dental assistant and at a credit union, but had mainly been a stay-at-home mum in recent years.

From BBC • Jan. 8, 2026

I haven’t lived in North Dakota since I was 19, but I still bank in a credit union here, and took out $40 before making the drive from Bismarck.

From Salon • Dec. 18, 2025

A credit union, if you’re a member of one, is also there to help people who are in your position.

From MarketWatch • Nov. 28, 2025

Is there a credit union, or a savings association, or other organization to promote thrift in your community?

From Community Civics and Rural Life by Dunn, Arthur William

Related Words

• lending institution