Something all members of a particular credit union share, such as an employer, a school, the place they live, or the place they worship.
a group of people who share certain characteristics which set them apart from the general public, such as certain companies or organizations, certain nationalities, or people that live in a specific geographic location
a unifying factor or characteristic among persons, natural or corporate, that simultaneously links them together and distinguishes them
Credit unions all have a common bond, which determine who is able to join them. There are 4 main types of common bond: Community or Residential - anyone who lives within its boundary; Live or work - people who work within an area may join the credit union as well; Employment or Industrial - all employees in a company or group of companies; Associational - membership of a trade union, trade association or other group.
The commonality of interest (such as employer, association or community) that the members or groups of members of a credit union share.
Characteristics, such as employer or community, that link the member s of a particular credit union. A common bond distinguishes members, who are eligible to receive services from that credit union, from the general public.
a unifying factor or characteristic among persons that simultaneously links them together and distinguishes them from the general public