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

Rates can vary by as much as a few percent from one lender to another, with credit unions typically offering the best terms. — Jim Gorzelany, Forbes.com, 23 June 2026

Some credit unions may also have very few physical branches available to visit in person. — Jasmin Suknanan, CNBC, 23 June 2026

Ask the bank about caregiver controls Banks and credit unions may offer tools that help families protect older adults from fraud. — Kurt Knutsson, FOXNews.com, 22 June 2026

And Zelle has done away with an app altogether, instead operating through the apps offered by 2,300 banks and credit unions. — Colin Dodds, Encyclopedia Britannica, 17 June 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)