credit union
19
3.6
- noun
- /ˈkrɛdɪt ˈjunɪn/
:
cooperativa de crédito
- Joining a credit union allows you to access better loan rates compared to traditional banks.
- loans from credit union
- credit union financial services
The second way to start the process is by going to a bank or credit union and you want to ask for the person who does SBA loans.
- The second way to start the process is by going to a bank or credit union and you want to ask for the person who does SBA loans.
- Investment banks, commercial banks, credit unions, insurance companies were destroyed.
- So but on the side outside the Internet, a lot of our clients like credit unions, super boring, but you pay the bills, you know.
Examples
-
After he was hired, the credit union's management changed.
Academic text (2009) -
In the past two recessions, credit unions played a role in providing loans to those on low incomes.
Academic text (2009) -
It's not a bank, it's a credit union.
-
You can also check with your credit union to see if it issues "smart cards."
Blog text (6) -
We close our accounts at the five biggest banks and open a credit union account.
Blog text (16) -
I have my life savings in a local credit union, and now I'm concerned.
Blog text (26) -
More people are joining credit unions as the recession bites.
Academic text (2009) -
Usually, taking the rebate and financing with your credit union is really the better deal.
Blog text (9) -
Shouldn't the credit union have sent out notices of any change?
Fiction book (1997) -
As a member of the credit union, you can take advantage of low-interest savings accounts.
Synonyms
27
3.4
An organization owned and run by a group of people to help them sell or buy goods
How Big
Surface Forms
Morphology
The meaning is directly derivable from the constituents: 'credit' (financial lending/savings) plus 'union' (an association of people) yields an association that provides credit or financial services. This compositional pattern is common cross-linguistically (e.g., Spanish 'cooperativa de crédito') so a B1 learner who knows both words will almost certainly grasp the basic idea, even if they might miss legal/organizational nuances like 'member-owned cooperative'.
Etymology
Credit union may come from small groups of people who put money together to help each other, so the name combines credit (trust or a loan) and union (a group). That's why today it means a member-owned place for 'savings' and 'loans'.