What is a credit union?

What is a credit union? Here are some definitions.

Noun A financial cooperative similar to a bank but owned and controlled by its members, often restricted to a local area or sometimes to a single profession. Find more words! 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One great alternative to getting ripped off by greedy lenders is to join a credit union. At its simplest, a car loan is a personal loan offered by a bank, credit union or finance company. If you do decide to join a credit union and take out a loan for Christmas, then you should apply as soon as possible. All credit union members are invited to attend, where full reports of the past year will be unveiled. I was a member of a credit union for a long time, and I felt it did a great job. See Also What is another word for credit union? Sentences with the word credit union What is the plural of credit union? Nearby Definitions credit transfers credit transfer credit spreads credit spread credit scores credit score credit unions credit where credit's due credit whore creditworthiness creditworthy credit-worthy