credit union
noun
a cooperative group that makes loans to its members at low rates of interest.
Also called
cooperative credit union.
Origin of credit union
An Americanism dating back to 1910–15
Words nearby credit union
credit risk,
credit slip,
credit squeeze,
credit standing,
credit transfer,
credit union,
credit-reference agency,
creditable,
creditor,
credits,
creditworthy
British Dictionary definitions for cooperative credit union
credit union
noun
a cooperative association whose members can obtain low-interest loans out of their combined savings
Cultural definitions for cooperative credit union
credit union
An organization formed by employees of a company or institution to make personal loans at low interest rates to all employees of that company or institution.