Printer Friendly
The Free Dictionary
967,348,341 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

credit union
(redirected from Credit unions)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.04 sec.
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.

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.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
Consolidation in the banking industry is a potential boon for credit unions hoping to capitalize on consumers who have become disenchanted with behemoth financial institutions.
CREDIT UNIONS CASHING IN BANK ALTERNATIVES MAKING INROADS by Daily News (Los Angeles, CA)
Spurred by passage of the Credit Union Membership Access Act of 1999, which lifted restrictions on credit unions marketing their products outside their core constituency, three institutions with roots in L.
Credit unions narrow gap with banks under new rules. (Up Front) by Berry, Kate / Los Angeles Business Journal
Federally insured credit unions with assets greater than $10 million are required to file reports on their financial results with the National Credit Union Administration (NCUA) on a GAAP basis.
Congress passes credit union bill by Journal of Accountancy
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.