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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
Presently 2,400 banks and credit unions offer Zelle as a service.
—Steve Weisman, Forbes, 26 Dec. 2024
Christmas is one of several federal holidays, so banks and credit unions are not open.
—Jenna Prestininzi, Detroit Free Press, 23 Dec. 2024
More than 2,200 banks and credit unions offer access to the Zelle network.
—Rocio Fabbro, Quartz, 20 Dec. 2024
Nearly two dozen types of companies and situations are exempt, including banks, credit unions, securities broker-dealer firms, utilities, nonprofits and large companies with more than 20 employees.
—Russ Wiles, The Arizona Republic, 20 Dec. 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 2 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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