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 Smaller community banks and credit unions are less likely to do so, says Ted Rossman, senior industry analyst at Bankrate. Byalicia Adamczyk, Fortune, 8 July 2024 While banks and credit unions may offer similar services, the two differ on many levels. Acsah Lemma, Sacramento Bee, 8 July 2024 Shopping around for an auto loan, perhaps with a bank or credit union, can also speed things up. Khristopher J. Brooks, CBS News, 25 June 2024 How are credit unions able to offer lower interest rates compared to banks Typically banks are less competitive than credit unions in terms of interest rates in mortgage lending and savings accounts. Jasmine Browley, Essence, 15 June 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

Time Traveler
The first known use of credit union was in 1843

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 15 Jul. 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

Last Updated: - Updated example sentences
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