State Credit Union
/ˈsteɪt ˈkrɛdɪt ˌjuːnjən/
Definitions
- (n.) A credit union chartered and regulated by a state authority, rather than the federal government, providing financial services to its members within that state.
The state credit union offers lower interest rates compared to traditional banks.
Forms
- state credit union
- state credit unions
Related terms
See also
Commentary
When drafting, distinguish clearly between state and federal credit unions due to differing regulatory frameworks and scope of membership.
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.