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

The tax and tip prohibition would shave approximately 10% off the revenue that banks and credit unions receive from retailers via interchange fees — a transfer of wealth likely to number in the hundreds of millions. —Jerry Nowicki, CBS News, 15 Apr. 2026

Read more What’s a credit union? —Andreina Rodriguez, CNBC, 6 Apr. 2026

An empty credit union next door could turn into a visitor center with a theater if enough funds are raised. —Hope Karnopp, jsonline.com, 1 Apr. 2026

And yet more people were employed in banks and credit unions last year than were employed on average during the decade of that technology’s rise. —Letters To The Editor, Hartford Courant, 23 Mar. 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)