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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Online banks and credit unions are a great option for avoiding ATM fees. Brian Sloan, CNBC, 19 May 2026 Research conducted by one of New Jersey's largest credit unions found a trip down the Jersey Shore is going to cost 11% more this year on average. Christine Sloan, CBS News, 18 May 2026 Economically, these shops were just as vital, sometimes even functioning like early banks or credit unions. Daryl Austin, USA Today, 18 May 2026 Some banks and credit unions may offer what’s called a no-cost HELOC. Jeff Lazerson, Oc Register, 14 May 2026 See All Example Sentences for credit union

Word History

First Known Use

1843, in the meaning defined above

Time Traveler
The first known use of credit union was in 1843

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Cite this Entry

“Credit union.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/credit%20union. Accessed 21 May. 2026.

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)

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