Federal Credit Union
/ˈfedərəl ˈkrɛdɪt ˈjuːnjən/
Definitions
- (n.) A member-owned financial cooperative chartered under federal law, providing credit and financial services to its members.
The federal credit union offered lower interest rates than traditional banks.
Forms
- federal credit union
- federal credit unions
Related terms
See also
Commentary
The term specifically denotes credit unions chartered under federal law, distinguished from state-chartered credit unions; usage often relevant in regulatory, banking, and financial legal contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.