credit union

noun

1. a cooperative group that makes loans to its members at low rates of interest.

credit union

noun

1. a cooperative association whose members can obtain low-interest loans out of their combined savings

credit union

1. An organization formed by employees of a company or institution to make personal loans at low interest rates to all employees of that company or institution.

Word History and Origins

Origin of credit union¹

An Americanism dating back to 1910–15

Example Sentences

She suggests using local credit unions instead of major national banks.

From Salon

If you had a government bearer bond, you simply had to visit a bank or credit union and cash it in.

From Salon

The group is not only Lebanon’s most dominant military force but also its most powerful political party, and it runs an extensive social-service network including schools, hospitals, supermarkets and credit unions.

From Los Angeles Times

Now, on his day off, he was at Edwin Markham Middle School in Watts to encourage students and hand out backpacks donated by a credit union.

From Los Angeles Times

However, the bank and credit union employees whom he terrorized at gunpoint suffered the brunt of his true nature.

From Los Angeles Times

Related Words

• lending institution