Credit union


 

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Credit union

A not-for-profit institution that is operated as a cooperative and offers financial services such as low-interest loans, to its members.

Credit union

Nonprofit cooperative organizations that provide banking and financial services, including mortgages, home improvement loans and home equity loans, to their members.

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.



Similar Matches

Creditor

Creditor

An individual or institution to whom a debt is owed.


Domestic credit

Domestic credit

Credit extended by a country's central bank to domestic borrowers, including the government and commercial banks. In the United States, the largest component by far is the Fed's holdings of U.S. government bonds, but it also makes some short-term loans to banks to use as their reserves.


Retail credit

Retail credit

Credit granted by a firm to consumers for the purchase of goods or services. See: consumer credit.


Bank credit

Bank credit

The maximum credit an individual may secure from his/her bank.


Full faith and credit

Full faith and credit

Effectively a guarantee of payment of interest and repayment of principal of a bond issued by a government authority.


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