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credit union
(redirected from Federal credit union)

   Also found in: Legal, Acronyms, Encyclopedia, Wikipedia 0.31 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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The National Credit Union Administration finally stepped in formally last week to request that Wings Financial Federal Credit Union end its month-long unwanted takeover attempt of El Segundo-based Continental Federal Credit Union.
has secured an agreement with Pentagon Federal Credit Union and the Credit Union Service Organization, which provides broker-dealer services for Pentagon Federal members.
a provider of electronic document delivery solutions for mortgage lenders, has announced that Pentagon Federal Credit Union (Alexandria, Va.
 
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