Other Free Encyclopedias » 21st Century Webster's Family Encyclopedia » 21st Century Webster's Family Encyclopedia - Constance Missal to Crete

Credit Union

Credit Union, cooperative bank formed by the members of a company, church, labor union, or other organization. Members buy shares with their savings and may borrow money at low interest rates. Any profits are distributed to members periodically in the form of dividends. Credit unions, like other banks, are closely supervised by the government.

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