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depository financial institution vs credit union

credit union vs depository financial institution

depository financial institution and credit union both are nouns.

Word NounAdjectiveVerbAdverb
depository financial institution Yes No No No
credit union Yes No No No
As nouns, credit union is a hyponym of depository financial institution; that is, credit union is a word with a more specific, narrower meaning than depository financial institution:
  • depository financial institution: a financial institution that accepts deposits and channels the money into lending activities
  • credit union: a cooperative depository financial institution whose members can obtain loans from their combined savings
depository financial institution (noun) credit union (noun)
a financial institution that accepts deposits and channels the money into lending activities a cooperative depository financial institution whose members can obtain loans from their combined savings
Difference between depository financial institution and credit union

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