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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
Our methodology To determine the best dental loans, CNBC Select analyzed dozens of U.S. personal loans offered by both online and brick-and-mortar banks, including large credit unions.
—Jasmin Suknanan, CNBC, 31 Oct. 2024
But now, with more than 2,200 banks and credit unions on the Zelle network, only 2% of Zelle transactions take place through the mobile app.
—Bill Hardekopf, Forbes, 31 Oct. 2024
The company sees credit unions as a major growth driver in the coming years.
—Lucinda Shen, Axios, 15 Aug. 2024
The offerings can be a win-win for both credit unions and savers with the Federal Reserve expected to begin cutting rates in September.
—Medora Lee, USA TODAY, 2 Aug. 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 24 Nov. 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
Britannica.com: Encyclopedia article about credit union
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