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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
Here’s a closer look at the emerging trends, challenges and strategies that banks and credit unions are embracing.
—Paul Davis, Forbes, 2 Jan. 2025
New Year's is one of several federal holidays, so banks and credit unions are not open.
—Jenna Prestininzi, Detroit Free Press, 30 Dec. 2024
Bridge loans are more often offered by regional banks and credit unions than big national lenders.
—Kelsey Neubauer, CNBC, 3 Dec. 2024
There are no fees to send or receive money, but Zelle recommends confirming with the bank or the credit union.
—Deena Zaidi, Quartz, 29 Oct. 2024
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Word History
First Known Use
1843, in the meaning defined above
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 9 Jan. 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
Britannica.com: Encyclopedia article about credit union
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