Definition of credit union in US English:
credit union
nounˈkredət ˌyo͞onyənˈkrɛdət ˌjunjən
A nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
Example sentencesExamples
- In the case of a building society and a credit union, a person usually has to be a member or a shareholder in order to be entitled to deal with it.
- Looking to consolidate his debts into one payment, he took out a loan from a credit union.
- She told this newspaper that she borrowed €90,000 from a local credit union and her bank.
- There was an increase in juvenile members and the credit union thanked parents and teachers for encouraging children to join.
- I was a member of a credit union for a long time, and I felt it did a great job.
- He wanted to clear his old debt with the credit union despite encouraging his family to take on new debt for cars and kitchens.
- A credit union is generally set up to offer a financial lifeline to people who are outside the mainstream banking system.
- Councillors agreed to consider ways in which the council could support the credit union financially and through access to its facilities.
- It may also be beneficial for you to obtain the lower interest rate credit card from your credit union.
- For example, the interest rate the credit union charges will often be reduced if you pay back the loan early.
- Cheques are acceptable as payment from any institution, including a credit union.
- They took deposits which they invested and paid the credit union members some pretty high rates of interest.
- All credit union members are invited to attend, where full reports of the past year will be unveiled.
- If you are a credit union member and wish to enter the draw be sure to call to the office immediately and enter your name.
- One great alternative to getting ripped off by greedy lenders is to join a credit union.
- The money market earns higher interest rates than their savings bank and credit union accounts.
- I recently spoke to a taxi driver who had put all his kids through university thanks exclusively to the credit union.
- Many first-time buyers are borrowing thousands of euro from their local credit union towards their deposit.
- All money paid into the credit union is insured and covered by the Financial Ombudsman.
- If you do decide to join a credit union and take out a loan for Christmas, then you should apply as soon as possible.