credit union

noun

Definition of credit union

: 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 For a bank or credit union, that was a no-go — period, end, full stop. Peter Su, Rolling Stone, 14 June 2022 In the city’s Upper Albany neighborhood, for example, there is just one bank and a credit union. Kenneth R. Gosselin, Hartford Courant, 12 June 2022 The program is available to full-time teachers in San Diego and Riverside counties, or credit union members teaching in California, who want to fund special learning opportunities for their students. Laura Groch, San Diego Union-Tribune, 1 Apr. 2022 While banks do send texts to alert you of a matter, a bank or credit union isn't going to ask you for personal or financial information in a text message. Susan Tompor, Detroit Free Press, 17 Feb. 2022 Woccu reported a total of 375,160,065 credit union members in 118 countries. Seth Onyango, Quartz, 18 Jan. 2022 In a study commissioned by CO-OP Financial Services and conducted by EY in January and February of 2021, 30% of the 3,000 credit union members surveyed said their primary financial relationship (PFR) is with a fintech firm. Samantha Paxson, Forbes, 25 May 2021 If another government agency, such as a regulator for a community bank or credit union, would be better able to help you, the CFPB forwards your message to them. Nerd Wallet, oregonlive, 20 Apr. 2021 Banks, of Grosse Pointe, stepped down from the state Legislature in 2017 after pleading guilty to a misdemeanor charge of falsifying documents to obtain a $3,000 loan from a metro Detroit credit union. Christine Macdonald, Detroit Free Press, 31 May 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'credit union.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of credit union

1843, in the meaning defined above

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Time Traveler for credit union

Time Traveler

The first known use of credit union was in 1843

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Dictionary Entries Near credit union

credit slip

credit union

creditworthy

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Statistics for credit union

Last Updated

17 Jun 2022

Cite this Entry

“Credit union.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/credit%20union. Accessed 28 Jun. 2022.

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More Definitions for credit union

credit union

noun

Legal Definition of credit union

: 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

Britannica.com: Encyclopedia article about credit union

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