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

Banks and credit unions looked externally to fill more than 80% of their chief risk officer roles in the quarter, nearly doubling the rate from the first quarter. — Paul Davis, Forbes.com, 8 Sep. 2026

Sierra Central opened its first credit union at Beale Air Force Base in 1955. — Don Sweeney, Sacbee.com, 8 Sep. 2026

Many credit union memberships are restricted to profession, college affiliation or geography, among other qualifiers. — Kelsey Neubauer, CNBC, 2 Sep. 2026

Private student loans are issued by private lenders, such as banks, credit unions, and other financial institutions. — Miranda Marquit, Encyclopedia Britannica, 2 Sep. 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)