Definition of credit union in English:

Share this entry

credit union

Pronunciation: /ˈkredət ˌyo͞onyən/

noun

A nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
Example sentences
  • It may also be beneficial for you to obtain the lower interest rate credit card from your credit union.
  • In the case of a building society and a credit union, a person usually has to be a member or a shareholder in order to be entitled to deal with it.
  • For example, the interest rate the credit union charges will often be reduced if you pay back the loan early.
Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.