Meaning
A member-owned savings-and-loan co-operative — where ordinary people pool their savings and can borrow at fairer terms than the banks. Deeply rooted in Jamaican community life, the credit union is where many working people save, take a loan for school fees or a house, and belong as members rather than mere customers. It sits alongside the 'pardner' as a pillar of grassroots finance.
Examples
-
She save har money inna di credit union.
She saves her money in the credit union.
-
Him get a loan from di credit union fi school fee.
He got a loan from the credit union for school fees.
-
Di credit union treat yuh betta dan di bank.
The credit union treats you better than the bank.
Origin
From 'credit' + 'union'; a member-owned savings/loan co-operative. See [[pardner]], [[hire-purchase]].
How it’s used
A member-owned savings-and-loan co-op; a pillar of grassroots finance. See [[pardner]], [[box-hand]].