credit union (Meaning)
Wordnet
credit union (n)
a cooperative depository financial institution whose members can obtain loans from their combined savings
Synonyms & Antonyms of credit union
No Synonyms and anytonyms found
credit union Sentence Examples
- Unlike a traditional bank, a credit union is a member-owned financial cooperative.
- She decided to switch to a credit union after hearing about their lower fees and higher interest rates on savings accounts.
- Many credit unions offer financial literacy workshops to help members manage their money wisely.
- To join a credit union, you typically need to meet certain eligibility requirements, like living in a specific area or working for a particular company.
- Credit unions often have a strong focus on community involvement and supporting local businesses.
- Since credit unions are member-owned, they may offer unique loan products or benefits not found at traditional banks.
- John researched online to compare credit unions in his area before opening a new checking account.
- The credit union offered a competitive auto loan rate with flexible repayment options.
- She considered attending a financial planning seminar hosted by the credit union to learn more about retirement savings options.
- With a growing membership, the local credit union expanded its branch network to serve more communities.
FAQs About the word credit union
a cooperative depository financial institution whose members can obtain loans from their combined savings
No synonyms found.
No antonyms found.
Unlike a traditional bank, a credit union is a member-owned financial cooperative.
She decided to switch to a credit union after hearing about their lower fees and higher interest rates on savings accounts.
Many credit unions offer financial literacy workshops to help members manage their money wisely.
To join a credit union, you typically need to meet certain eligibility requirements, like living in a specific area or working for a particular company.
