Focus on the pronunciation of credit union
English definition of “credit union”
noun [C] (also credit society) FINANCE
› a financial organization that is owned and controlled by its members, who can borrow at low interest rates from the money they have saved as a group: To take out a loan, a customer must first be a member of the credit union by opening a savings account with a minimal balance. Credit unions are worth considering if you are unhappy with your existing bank or building society.