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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Banks and credit unions both offer similar services, such as checking and savings accounts, and car and home loans. Catherine Muccigrosso, Charlotte Observer, 17 Apr. 2025 In addition to Sacramento, the group robbed banks and credit unions in Vallejo, Suisun City, Benicia, Concord and Antioch in a spree that began in June of 2023 and continued through September 2024, the agreement shows. Sharon Bernstein, Sacbee.com, 17 Apr. 2025 Most users access Zelle via their bank or credit union's platform. Gene Marks, Forbes.com, 6 Apr. 2025 The change only affects those who use the Zelle app independently of a bank app, credit union or website. Newsweek Staff, MSNBC Newsweek, 4 Apr. 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 25 Apr. 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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