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.
Customer satisfaction for banks and credit unions remained unchanged from last year, with scores of 80 and 79, respectively. Catherine Muccigrosso, Charlotte Observer, 25 Feb. 2025 Additionally, banks and credit unions may offer rate discounts to existing customers with multiple accounts or a history of responsible borrowing. True Tamplin, Forbes, 21 Feb. 2025 Federal credit unions cannot charge more than 18% interest on a credit card. Daniel De Visé, USA TODAY, 10 Feb. 2025 Two groups, on behalf of credit reporting and credit union industries, have filed a lawsuit against a new federal rule barring medical debt from appearing on consumer credit reports. Annabella Rosciglione, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 8 Jan. 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 13 Mar. 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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