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credit union

noun

Simple Definition of credit union

  • : an organization that gives small loans to its members at low interest rates and that offers savings and checking accounts

Source: Merriam-Webster's Learner's Dictionary

Full Definition of credit union

  1. :  a cooperative association that makes small loans to its members at low interest rates and offers other banking services (as savings and checking accounts)

1881

First Known Use of credit union

1881


Law Dictionary

credit union

noun

Legal Definition of credit union

  1. :  a cooperative association that makes small loans to its members at low interest rates and offers other banking services (as savings and checking accounts)




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