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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
Online banks and credit unions tend to have some of the best CD rates, and their opening minimum deposits are often low, such as $1,000 or less.
—Nerdwallet, The Mercury News, 20 May 2024
In a statement released Wednesday, the U.S. Attorney for the Southern District of Indiana, Zachary Myers, said that this case of fraud betrayed the confidence of credit union members.
—Jade Thomas, The Indianapolis Star, 15 May 2024
See all Example Sentences for credit union
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'credit union.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 5 Jun. 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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