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

Remittances are also a major factor in the global economy, often sent from American wire services rather than banks and credit unions. —Fatima Hussein, Chicago Tribune, 14 May 2025

How to get the job Apply directly to banks and credit unions with only a high school diploma, as most employers provide extensive training. —Caroline Castrillon, Forbes.com, 13 May 2025

Thus, a trip to a coin-exchange kiosk (or a bank, or credit union) can yield a pleasant surprise. —Daniel De Visé, USA Today, 4 May 2025

National banks may offer broader access across different cities, but credit unions or local banks sometimes provide more personalized service and better interest rates on savings. —True Tamplin, Forbes.com, 30 Apr. 2025

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)