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 The credit union also is expanding programs for energy-efficient appliances, solar panels and more, the report said. The Arizona Republic, 27 Mar. 2024 The final rule would cover all private label products, too, according to the CFPB, including retail or store-specific cards that are issued by the largest banks or credit unions with 1 million or more credit card accounts. Susan Tompor, Detroit Free Press, 5 Mar. 2024 As a fintech founder, a millennial and a credit union member, here are three practical solutions that credit unions can implement today. Crissi Cole, Forbes, 28 Feb. 2024 In fact, the 25 largest card issuers charged customers interest rates that were eight to 10 percentage points higher than the rates on products from smaller lenders and credit unions, according to the federal agency. Kate Gibson, CBS News, 16 Feb. 2024 My career experience as a billion-dollar-in-assets credit union CEO for 40 years far outweighs the experiences of my opponents. Charlotte Observer, 8 Feb. 2024 Pates funneled most of the loan proceeds through the bank account of a shell company to pay for his and his family’s expenses, as well as make payments to credit unions. Natallie Rocha, San Diego Union-Tribune, 4 Mar. 2024 The National Credit Union Administration offers a search tool for credit unions. Ann Carrns, New York Times, 23 Feb. 2024 Boise police on Tuesday arrested a man who allegedly robbed a credit union earlier this month, according to a news release. Alex Brizee, Idaho Statesman, 22 Feb. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'credit union.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1843, in the meaning defined above

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

Dictionary Entries Near credit union

Cite this Entry

“Credit union.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/credit%20union. Accessed 25 Apr. 2024.

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)

More from Merriam-Webster on credit union

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