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

Small banks and credit unions would be even more disadvantaged than their larger peers if the CFPB were to go away, industry advocates say, since they were never regulated by the agency and would face the same regulatory scrutiny as before. —Hugh Son, CNBC, 10 Mar. 2025

More than 2,200 banks and credit unions offer Zelle to 143 million users in the U.S., the suite mentioned. —Chase Jordan, Charlotte Observer, 5 Mar. 2025

Customer satisfaction for banks and credit unions remained unchanged from last year, with scores of 80 and 79, respectively. —Catherine Muccigrosso, Charlotte Observer, 25 Feb. 2025

Additionally, banks and credit unions may offer rate discounts to existing customers with multiple accounts or a history of responsible borrowing. —True Tamplin, Forbes, 21 Feb. 2025

Word History

First Known Use

1843, in the meaning defined above

Rhymes for credit union

• antiunion
• communion
• disunion
• nonunion

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)