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.
Chopra had sought to tackle the potential risks involved with using Big Tech for banking, rather than insured banks or credit unions, due to the way that tech companies collect and store data. Maria Curi, Axios, 11 Feb. 2025 Your bank or credit union has not posted the refund. Jasmin Suknanan,dan Avery, CNBC, 4 Feb. 2025 The agency’s final rule on overdraft fees applies to the banks and credit unions with more than $10 billion in assets that dominate the U.S. market. Susan Tompor, USA TODAY, 17 Dec. 2024 Advertisement Banks and credit unions with $10 billion or less in assets are exempt from the rule. Jon Healey, Los Angeles Times, 12 Dec. 2024 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 28 Feb. 2025.

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

Last Updated: - Updated example sentences
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