credit union

American  

noun

• credit unions
  plural

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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Other Word Forms

Noun Inflected Forms

• credit unions
  plural

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Etymology

Origin of credit union

An Americanism dating back to 1910–15

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Example Sentences

See Examples For:

credit union

If you do discover an unauthorized charge on your debit card, notifying your bank or credit union within two business days of noticing the fraud caps your maximum liability at $50.

From MarketWatch ● Jul. 30, 2026

There is no credit union by that name.

From The Wall Street Journal ● Jun. 30, 2026

The detective sought data on phones that were within 150 yards of the credit union within one hour of the late afternoon robbery.

From Los Angeles Times ● Jun. 29, 2026

The Netflix film Bank of Dave, which was a fictionalised account of his attempts to get a banking licence for his credit union, was released in 2023, starring Rory Kinnear.

From BBC ● May 4, 2026

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.

From Readings in Money and Banking Selected and Adapted by Chester Arthur Phillips

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Related Words

• lending institution

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