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

Bank Processing Times Even after the IRS releases a refund, banks and credit unions may take additional time to deposit the funds, especially around federal holidays. —Kristan Hawkins, Newsweek, 6 Feb. 2025

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

Word History

First Known Use

1843, in the meaning defined above

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)