credit union

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credit union

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

credit union

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

cred′it un`ion


n.
a cooperative group that makes loans to its members at low rates of interest.
[1910–15, Amer.]
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"
References in periodicals archive ?
Federal credit unions could soon have more leeway to rent out or sell unoccupied space if a new NCUA rule takes effect as expected.
The 62 federal credit unions chartered in Arkansas at the end of 2010 claimed assets of $2.3 billion.
Alaska USA Federal Credit Union, one of the nation's largest federal credit unions, said it has signed a letter of intent to acquire Ribelin Lowell and Co.
The awards were presented to Fort Knox Federal Credit Union, Fort Knox, Ky., for the Army award; Navy Federal Credit Unions branch at Naval Submarine Base, New London, Conn., for the Navy/Marine Corps award; and Hanscom Federal Credit Union, Hanscom AFB, Mass., for the Air Force award.
The NCUA assessed all federal credit unions to replenish the National Credit Union Share Insurance Fund, which is the credit unions' equivalent of the Federal Deposit Insurance Corp.

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