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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The revised law also allows associations to invest their reserves in certificates of deposit or deposit accounts at banks or credit unions. Cd Goette-Luciak, Miami Herald, 21 July 2025 But if the Genius Act is passed, banks, nonbanks and credit unions could dive into the market by issuing their own stablecoins. Alain Sherter, CBS News, 15 July 2025 The credit union also is offering to be accountability partners to check on their progress. Nicole Villalpando, Austin American Statesman, 2 July 2025 Banks, credit unions, and fintech firms that proactively align products, education, and engagement strategies with this trend will be well-positioned to deepen customer relationships and foster long-term financial well-being. Ron Shevlin, Forbes.com, 1 July 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 29 Jul. 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

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