a cooperative group that makes loans to its members at low rates of interest.
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Question 1 of 7
What does “Indigenous” mean?
Also called cooperative credit union.
Origin of credit union
An Americanism dating back to 1910–15
Words nearby credit union
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
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.