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

Traditional banks and credit unions tend to be on the slower end, sometimes taking a week or more, while online lenders are generally the fastest option. —Andreina Rodriguez, CNBC, 24 Mar. 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

Chavez began the first credit union for farmworkers, health clinics, daycare centers and job-training programs, the Cesar Chavez Foundation said on its website. —ABC News, 18 Mar. 2026

Online savings accounts are often one of the highest-yielding cash options; credit unions also frequently offer decent yields. —Christine Benz, Los Angeles Times, 7 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)