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
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This movement gave birth to cooperative businesses around the world, from the North American credit union system to the Mondragon Corporation in the Basque region of Spain, an industrial behemoth owned and governed by its workers. Nathan Schneider, The Conversation, 21 May 2025 Someone had called the member and told her that her credit union account had been compromised. Susan Tompor, USA Today, 15 May 2025 The bill also does not require credit unions to build physical branches, Gwaltney said. Catherine Muccigrosso, Charlotte Observer, 17 Apr. 2025 Remittances are also a major factor in the global economy, often sent from American wire services rather than banks and credit unions. Fatima Hussein, Chicago Tribune, 14 May 2025 See All Example Sentences for credit union

Word History

First Known Use

1843, in the meaning defined above

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

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Cite this Entry

“Credit union.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/credit%20union. Accessed 3 Jun. 2025.

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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