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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
Everything the digital generation is seeking can be well-served by a credit union partner.
—Crissi Cole, Forbes, 6 Nov. 2024
Here's her story, including how the credit union is defending its stance.
—Elissa Robinson, Detroit Free Press, 27 Oct. 2024
This insurance protects and reimburses you up to your balance and the legal limit in the event your bank or credit union fails.
—Cnbc Select, CNBC, 15 Oct. 2024
Atmos Financial and Walden Mutual seemed to have the most features, but there were a number of credit unions and local banks listed.
—Outside Online, 29 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 2 Dec. 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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