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.
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 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

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

Last Updated: - Updated example sentences
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