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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
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Read more Best banks and credit unions for mobile banking of 2025
Prefer to bank in person?
—Andreina Rodriguez, CNBC, 21 Jan. 2025
Investigators later learned Brown and Williams were seen scoping out a credit union in St. Louis Park in an SUV about an hour before the ATM theft in Roseville.
—Nick Ferraro, Twin Cities, 6 Jan. 2025
Every few years, federal regulators issue warnings to banks and credit unions about the dangers of senior financial abuse.
—Lew Sichelman, Miami Herald, 14 Jan. 2025
Local banks and credit unions, on the other hand, are more likely to support local entrepreneurs, create affordable housing, and finance renewable energy projects tailored to the community's needs.
—Morgan Simon, Forbes, 7 Jan. 2025
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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 31 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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