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credit union
(redirected from Federal Credit Unions)

    Also found in: Legal, Encyclopedia, Wikipedia 0.06 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.
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He was a volunteer board member at one of the federal credit unions because he worked for the government.
Credit check Darren Williams, head of credit union giant Wescom, sees ... by Leffall, Jabulani / Los Angeles Business Journal
It operates the National Credit Union Share Insurance Fund, which insures the deposits of 85 million account holders in all federal credit unions as well as numerous state-chartered credit unions.
National Credit Union Administration by Lundy, Tykisha N. / Black Enterprise
Information for this article was provided by the National Credit Union Administration, governed by a three-member board appointed by the President and confirmed by the Senate, is the independent federal agency that regulates, charters and supervises federal credit unions.
America's credit unions realize significant growth in member business ... by San Fernando Valley Business Journal
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