credit union

1. 1.

   a cooperative depository financial institution whose members can obtain loans from their combined savings

   Broaderdepository financial institution

Questions about credit union

What does credit union mean?

credit union means "a cooperative depository financial institution whose members can obtain loans from their combined savings".

Is credit union a common word?

credit union is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.