credit union

noun

Definition of credit union

  1. :  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)

First Known Use of credit union

1843


CREDIT UNION Defined for English Language Learners

credit union

noun

Definition of credit union for English Language Learners

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


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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