credit union


noun

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

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What does “Indigenous” mean?
Also called cooperative credit union.

Origin of credit union

An Americanism dating back to 1910–15
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for credit union

credit union

noun

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

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.