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

To compare buying and leasing, research loans from at least three lenders—a bank, a credit union, and maybe an online lender. —Jill Schlesinger, Mercury News, 26 Jan. 2026

Banks and Credit Unions You can seek funding for your business through loans from banks and credit unions that gives you the ability to access large amounts of funds and build your business credit. —Rhett Buttle, Forbes.com, 23 Jan. 2026

The credit union is also owed more than $600,000 on another loan. —Alexander Coolidge, Cincinnati Enquirer, 22 Jan. 2026

Community development financial institutions are banks, credit unions, loan funds and capital funds that have a mission to provide help to underserved, often low-income or rural, communities. —Arkansas Online, 16 Jan. 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)