credit union Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "credit union" - Business English Dictionary

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.
(Definition of credit union from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of credit union?
Add Cambridge dictionaries to your browser to your website

Definitions of “credit union” in other dictionaries

Word of the Day
field event

a sports event in which athletes take part one after the other rather than racing or competing together

Word of the Day

Are you a glass-half-full person? (Everyday Idioms)
Are you a glass-half-full person? (Everyday Idioms)
by Kate Woodford,
July 29, 2015
A reader of this blog recently asked for a post on idioms that are used in everyday English. This seemed like a reasonable request. After all, if you are going to make the effort to learn a set of English idioms, you want those idioms to be useful. The question, then, was

Read More 

exoskeleton noun
exoskeleton noun
July 27, 2015
a robotic device which goes around the legs and part of the body of a person who cannot walk and allows them to move independently and in an upright position The device, known as an exoskeleton, is strapped to the outside of a person’s limbs and can then be controlled by them.

Read More