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Glossary > C > "Credit union" Definition

Credit union

A mutual association formed by people with a common affiliation such as employees, a union or a religious group in which pooled saving are made. The funds are invested for appreciation and members may borrow at competitive rates.

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Credit union - A mutual association formed by people with a common affiliation such as employees, a union or a religious group in which pooled saving are made. The funds are invested for appreciation and members may borrow at competitive rates.

Credit union : a mutual association formed by people with a common affiliation such as employees, a union or a religious group in which pooled saving are made. the funds are invested for appreciation and members may borrow at competitive rates.