Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “credit union”

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

shadow

an area of darkness, caused by light being blocked by something

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More