credit union (redirected from Caisse pop)

Credit Union

Member-owned financial co-operative. These institutions are created and operated by its members and profits are shared amongst the owners.

Notes:

As soon as you deposit funds into a credit union account, you become a partial owner and participate in the union's profitability. Credit unions are formed by large corporations and organizations for their employees and members.

See also: Bank, Merchant Bank, Private Banking, Retail Bank, Thrift Bank

---

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

A nonprofit cooperative financial institution that provides credit to its members. Credit unions often pay slightly higher rates of interest on passbook-type savings accounts and charge lower rates on consumer loans.