Credit Union

Pronunciation: /ˈkrɛdɪt ˈjunjən/

Definitions of credit union

noun a type of financial institution that offers similar services to a bank, but is owned by its members rather than by shareholders

Example Sentences

A1 I opened a savings account at the credit union.

A2 My friend works at the credit union as a teller.

B1 I applied for a loan at the credit union to buy a new car.

B2 The credit union offers competitive interest rates on their mortgages.

C1 The credit union's board of directors voted to increase membership fees.

C2 As a member of the credit union, I have voting rights in important decisions.

Examples of credit union in a Sentence

formal I decided to open a savings account at the credit union for better interest rates.

informal I'm thinking about switching to the credit union because they have lower fees.

slang I heard the credit union is the place to be for getting a good deal on loans.

figurative Joining the credit union felt like joining a supportive community.

Grammatical Forms of credit union

• past tense: credited union
• plural: credit unions
• comparative: more credit union
• superlative: most credit union
• present tense: credit union
• future tense: will credit union
• perfect tense: have credited union
• continuous tense: is crediting union
• singular: credit union
• positive degree: credit union
• infinitive: to credit union
• gerund: crediting union
• participle: credited union

Origin and Evolution of credit union

First Known Use: 1849 year

Language of Origin: English

Story behind the word: The term 'credit union' originated in Europe during the mid-19th century.

Evolution of the word: Initially used to describe cooperative financial institutions formed by groups of individuals with a common bond, the term 'credit union' has evolved to encompass a wide range of financial services offered to members within a cooperative structure.