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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
Smaller community banks and credit unions are less likely to do so, says Ted Rossman, senior industry analyst at Bankrate.
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Byalicia Adamczyk, Fortune, 8 July 2024
While banks and credit unions may offer similar services, the two differ on many levels.
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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 ![](/dist-cross-dungarees/2024-06-24--16-08-26-f2gnl/images/svg/redesign/arrow-right-exemplar.svg)
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 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
Britannica.com: Encyclopedia article about credit union
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