credit union

Definition of "credit union"
  1. A member-driven cooperative focused on promoting savings through fair interest rates and providing loans at reasonable rates, under the supervision of the National Credit Union Administration (NCUA)
How to use "credit union" in a sentence
  1. He chose to secure his loan through the credit union for a favorable interest rate.
  2. The credit union is a viable option for their loan needs due to its member-centric policies.
  3. Due to lower fees and customer-friendly policies, many people prefer joining a credit union over a traditional bank.

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