credit union

credit union

noun
a cooperative group that makes loans to its members at low rates of interest.
Also called cooperative credit union.


Origin:
1910–15, Americanism

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
credit union
 
n
a cooperative association whose members can obtain low-interest loans out of their combined savings

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Credit union is always a great word to know.
So is bezoar. Does it mean:
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
American Heritage
Cultural Dictionary

credit union definition


An organization formed by employees of a company or institution to make personal loans at low interest rates to all employees of that company or institution.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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