Definition of credit union in English:

credit union

Line breaks: credit union

noun

  • A non-profit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
    More 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.

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Word of the day skosh
Pronunciation: skōSH
noun
a small amount; a little