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 Pates funneled most of the loan proceeds through the bank account of a shell company to pay for his and his family’s expenses, as well as make payments to credit unions. Natallie Rocha, San Diego Union-Tribune, 4 Mar. 2024 The National Credit Union Administration offers a search tool for credit unions. Ann Carrns, New York Times, 23 Feb. 2024 Boise police on Tuesday arrested a man who allegedly robbed a credit union earlier this month, according to a news release. Alex Brizee, Idaho Statesman, 22 Feb. 2024 Diversify Your Bank Accounts In my experience, entrepreneurs should diversify their bank accounts, setting up one with a local bank or credit union, as well as with a large national bank. Jay Cohen, Forbes, 29 Feb. 2024 Think of all the players involved: Your lender, maybe another bank or credit union — and also title insurance providers, real estate agents, homeowners insurance companies and escrow services. Nerdwallet, Orange County Register, 25 Feb. 2024 The agency might require banks and credit unions with assets exceeding $10 billion to disclose overdraft fees expressed as an interest rate so consumers can better understand the costs in that way. The Arizona Republic, 11 Feb. 2024 The credit union cases are in different stages of the settlement approval process. Nicole Acevedo, NBC News, 5 Jan. 2024 Co-founded by current CEO John Morris in 2006, Repay provides payments for companies in specific verticals like consumer, automotive and credit unions. Luisa Beltran, Fortune, 12 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'credit union.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1843, in the meaning defined above

Time Traveler
The first known use of credit union was in 1843

Dictionary Entries Near credit union

Cite this Entry

“Credit union.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/credit%20union. Accessed 19 Apr. 2024.

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)

More from Merriam-Webster on credit union

Last Updated: - Updated example sentences
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