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

Under the program, borrowers obtain a loan through a private lender—such as a bank, credit union or mortgage company—while the VA guarantees a portion of that loan. —Aliss Higham, MSNBC Newsweek, 27 Aug. 2025

Brick-and-mortar banks and credit unions may take about a week or more. —Andreina Rodriguez, CNBC, 22 Aug. 2025

This can result in hefty financial losses for large banks, but also for smaller banks and credit unions, which experience outsized impacts from even one account takeover. —James Garvert, Forbes.com, 21 Aug. 2025

Most consumers, though, would be better off trying to secure an auto loan at a credit union, bank or elsewhere before going to the dealership, Van Alst said. —Susan Tompor, USA Today, 14 Aug. 2025

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)