Definitions
from The Century Dictionary.
- noun A coöperative banking society, formed for the purpose of lending its credit or money to its members on real or personal property, and of dividing among them any profit that may be made. See
crédit foncier .
Etymologies
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Examples
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The change in attitude stretches far beyond Mr. Ernest's credit-union members: two-thirds of Americans polled online in July by U.K. research firm Absolute Strategy Research said they planned to either reduce their debt within a year or stop borrowing altogether.
Spenders Become Savers, Hurting Recovery Jon Hilsenrath 2011
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Provident's credit-union members include teachers, lawyers, software engineers and other people with connections to about 1,400 employers from Oracle Corp. to the San Francisco Bar Association.
What Does a Credit Union Do When Its Customers Won't Borrow Money? Ruth Simon 2011
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U.S. credit-union regulators have filed similar lawsuits against other financial firms.
SEC Probes Goldman Over Libyan Dealings Liz Rappaport 2011
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Last year, the credit-union industry's loan portfolio fell 1%, the first decline in about 30 years, according to the Credit Union National Association, a trade group.
What Does a Credit Union Do When Its Customers Won't Borrow Money? Ruth Simon 2011
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U.S. regulators are blaming Wall Street's biggest firms for the collapse of five institutions at the heart of the nation's credit-union industry and are seeking to recoup tens of billions of dollars in losses on securities that doomed the five.
Business Watch 2011
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Current law curtails credit-union lending to 12.25% of total assets.
A Push for More Loans Emily Maltby 2011
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Nineteen senators have co-sponsored the credit-union bill since it was introduced in March.
A Push for More Loans Emily Maltby 2011
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Lobbying groups for the credit-union industry are now requesting a House hearing on proposed legislation that would increase to 27.5% the amount of total assets a credit union can lend to businesses.
A Push for More Loans Emily Maltby 2011
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The higher ceiling could result in an additional $13 billion in small-business loans in the first year, estimates the Credit Union National Association, the credit-union industry's largest lobbying group.
A Push for More Loans Emily Maltby 2011
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The National Credit Union Administration is a federal regulator and insurer of credit-union deposits.
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