credit co-operative
noun[C]
(alsocredit cooperative)ukus(alsosavings and credit co-operative)FINANCE
afinancialorganizationownedandcontrolledbyitsmembers, who canborrowatlowinterestratesfrom anamountofmoneythey havesavedas agroup:
Creditco-operativesprovidefinancialservicestopoorand low-incomepeoplein manycountries.