0 an organization that lends money to its members at low rates of interest --
1 an organization that lends money to its members at low rates of interest (= extra money) --
2 a financial organization that is owned and controlled by its members, who can borrow at low interest rates from the money they have saved as a group: --
The tragedy in this country at the moment is that too few people have access to a credit union.
Moreover, such an organisation could make arrangements with the banks to ensure a lender of last resort for the credit union.
I believe that, when the consultation has finished, there will be good news for my colleagues in the credit union movement.
One of the report's recommendations is the establishment of a new central services organisation to assist the growth of the credit union movement.
Does she agree, however, that the term "credit union" is itself problematic, because for many people it implies getting into debt?
Every local authority should have a credit union officer.
Moreover, community groups are debarred from using the local community credit union to deposit funds.
It is good that we have already heard one of the answers to the problems: the growth of the credit union movement.
