Credit union


 

Home
Site Map
Add Term
Search
About Us
Contributors

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

Credit analysis

Credit analysis

Evaluating information on companies and bond issues in order to estimate the ability of the issuer to live up to its future contractual obligations. Related: Default risk.


Backup Line of Credit

Backup Line of Credit

A bank assurance of funds obtained by an issuer of commercial paper to protect the CP investor from default. The issuer pays a commitment fee to the bank.


Bank credit

Bank credit

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


Unconfirmed Letter of Credit

Unconfirmed Letter of Credit

A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it. The advising bank merely informs the beneficiary of the letter of credit terms and conditions.


Letter of credit (LOC)

Letter of credit (LOC)

A form of guarantee of payment issued by a bank on behalf of a borrower that assures the payment of interest and repayment of principal on bond issues.


Further Suggestions

National Credit Union Administration
Revolving line of credit
Credit checks
Sight Letter of Credit
Credit reference agency
Federal credit agencies
Time Letter of Credit
credit clearing
Standby letter of credit
Foreign Credit Insurance Association (FCIA)
Eurocredits
Trade credit
Loose credit
Credit balance
Tax credit
Creditor
Commercial letters of credit
Commodity Credit Corporation
Crediting rate
Financial institution buyer credit policy
Bank Letter of Credit Policy
Creditors committee
Line of credit
Credit
Trade credit


 
All rights Reserved. Do not copy without permission.