credit union

noun

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

Examples of credit union in a Sentence

Recent Examples on the Web

Rates can vary significantly between banks, credit unions, online lenders and mortgage brokers, after all, as different lenders have different funding costs, risk models and business goals, which can result in noticeably different rate offers. —Angelica Leicht, CBS News, 1 June 2026

Since starting this program in 2014, the credit union has been able to provide more than $125,000 in supply kits and backpacks to students. —Melinda Moore, Chicago Tribune, 1 June 2026

Ryan went on to be an important adviser for the New Deal in the United States, which used cooperatives as a powerful tool for economic development through farmer co-ops, rural electric associations and the credit union system. —Nick Lichtenberg, Fortune, 30 May 2026

Ryan went on to be an important adviser for the New Deal in the United States, which used cooperatives as a powerful tool for economic development through farmer co-ops, rural electric associations and the credit union system. —Nathan Schneider, The Conversation, 26 May 2026

Word History

First Known Use

1843, in the meaning defined above

Rhymes for credit union

• antiunion
• communion
• disunion
• nonunion

Kids Definition

credit union

noun

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

Legal Definition

credit union

noun

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