credit union

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credit union

A cooperative organization that makes loans to its members at low interest rates.

credit union

(Economics, Accounting & Finance / Banking & Finance) a cooperative association whose members can obtain low-interest loans out of their combined savings

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Noun

credit union - a cooperative depository financial institution whose members can obtain loans from their combined savings

banking company, banking concern, depository financial institution, bank - a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home"

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bank
banking company
banking concern
credit

depository financial institution
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thrift

Chatsworth-based Telesis Community Credit Union saw the largest percentage increase in assets, up 15 percent compared to last year.

L.A. county-based credit unions: ranked by assets as of June 30, 2006 by Nusbaum, David / Los Angeles Business Journal

The legal brawl over who can join credit unions grew more heated Wednesday, with a federal judge suggesting he might be dealing with a ``rogue federal agency'' and ordering it to rescind 31 recent credit union expansions.

JUDGE DASHES HOPES OF CREDIT UNIONS by Daily News (Los Angeles, CA)

Offering savings accounts, loans and other financial services to individuals, churches and businesses in the neighborhood--the grass-roots credit union is putting Central Brooklyn back on the financial map.

Credit unions get their due: as more banks turn their backs on ... by Brown, Carolyn M. / Black Enterprise

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