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 also offer car loans directly. — Jasmin Suknanan, CNBC, 4 Oct. 2026

There are also banks and credit unions that offer relationship pricing or preferential rates. — Samantha Delouya, CNN Money, 1 Oct. 2026

According to the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA), that number has dropped to roughly 4,278 total banks and 4,250 credit unions today. — Stephen Bohanon, Forbes.com, 28 Sep. 2026

Where to start when applying for a mortgage The mortgage application process typically starts with a lender, whether that’s a bank, credit union, mortgage broker or online lender. — Sharon Wu, USA Today, 17 Sep. 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)