credit union

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credit union

n.
A cooperative organization that makes loans to its members at low interest rates.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

credit union

n
(Banking & Finance) a cooperative association whose members can obtain low-interest loans out of their combined savings
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

cred′it un`ion


n.
a cooperative group that makes loans to its members at low rates of interest.
[1910–15, Amer.]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.credit union - a cooperative depository financial institution whose members can obtain loans from their combined savingscredit 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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
It constitutes a vast range of organizations guided by social objectives, they say, including nonprofit organizations such as charities, foundations, and social enterprises; non-financial cooperatives in such fields as housing, childcare, healthcare, and farm marketing; and financial cooperatives such as credit unions and caisses populaires. They show the different traditions of the social economy in anglophone and francophone parts of Canada, and among particular populations.
Comme en font foi les pages qui suivent, les caisses populaires Desjardins--par le biais de periodiques comme La Revue Desjardins qui s'adresse au personnel et Ma Caisse populaire qui vise plutot les societaires--de meme que la Banque canadienne nationale et la Banque Royale du Canada, par la voie de leur bulletin mensuel, se prononcent abondamment sur le sujet pendant l'immediat apres-guerre.
College Boreal in Sudbury is the recipient of a $150,000 donation from L'Alliance des caisses populaires de l'Ontario limitee (Alliance of Ontario Caisses Populaires).
According to the report, Central affiliated credit unions / caisses populaires across Canada ended second quarter 2012 with USD 145.7b in assets, representing a gain of 7.4% from the same quarter last year.Canadians had USD 128.9 b on deposit with Central affiliated credit unions and caisses populaires, representing an increase of USD 7.9 b or 6.6% over second quarter 2011.
"We look forward meeting and exceeding insurance needs of credit unions, caisses populaires their members throughout country in the years ahead."
Dans ces provinces, les banques font face a une importante concurrence de la part des cooperatives de credit, dont, au Quebec, les caisses populaires du Mouvement Desjardins.
The final program is offered through participating Caisses Populaires in the province of Quebec.
Mais par ailleurs, ces societes, dont la majorite sont des cooperatives de credit, se multiplient au moment o* le mouvement des caisses populaires Desjardins prend son essor C travers le Quebec.
The credit unions and caisses populaires traditionally have focused on supplying financial services to their members in situations where commercial lenders didn't provide these services.

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