List of All Credit Unions in Canada

This Page's Content Was Last Updated: March 22, 2025

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What is a Credit Union?

Credit unions are full-service financial cooperatives. To become a credit union member, you must purchase shares which can start as low as $1. As a member, you gain access to a variety of financial services including chequing and savings accounts, mortgages, personal and business loans, and investment advice.

Credit Unions in Canada

Filter the Credit Unions for Your Province

Name	Coverage Area	History	Branch, Members & Assets
Desjardins Mortgage Page	QC, ON	Desjardins Group, founded in 1900 by Alphonse Desjardins in Lévis, Quebec, was North America’s first credit union, created to serve working-class Canadians. In 1932, local caisses across Quebec and Ontario united to form the Fédération des caisses Desjardins du Québec	410 Branches, 5,125,577 Members and $371,372,000,000 Assets (excluding affiliates)
Vancity Credit Union Mortgage Page	BC; Vancouver	in 1946, 14 Vancouver residents opened a credit union that would be open to any city resident. By the end of 1946, the credit union had $2,966 in assets.	51 Branches, 544,167 Members and $28,542,325,591 Assets
Meridian Credit Union Mortgage Page	ON; Toronto	Meridian was formed in 2005 through the merger of Niagara Credit Union and HEPCOE Credit Union.	91 Branches, 391,481 Members and $27,543,687,000 Assets
Coast Capital Savings (Coopérative de crédit fédérale Coast Capital Savings) Mortgage Page	Transnational coverage but branches are only in BC.	CCS was created out of a $3 billion merger in 2000 between Pacific Coast and Richmond Capital Savings Unions.	45 Branches, 597,681 Members and $21,704,611,000 Assets
Servus Credit Union Mortgage Page	AB; Calgary, Edmonton	Servus was created through the merger 2008 of several smaller, regional credit unions in Alberta. As of May 2024, it has merged with connectFirst Credit Union.	107 Branches, 399,089 Members and $20,333,107,000 Assets
First West Credit Union Mortgage Page	BC; Southwest regions	First West was formed out of the 2010 merger of Envision Financial, Valley First, Island Savings and Enderby & District Financial.	47 Branches, 254,974 Members and $14,233,819,000 Assets
Access Credit Union Mortgage Page	MB; Winnipeg, Southern regions	Access Credit Union is a Canadian credit union formed by multiple smaller southern Manitoba credit unions mergers.	58 Branches, 205,021 Members and $12,382,022,182 Assets
Beem Credit Union Mortgage Page	BC; Lower Mainland, Fraser Valley	Beem Credit Union is the second largest provincially regulated credit union in BC. This new credit union is a result of the merger of Interior Savings and Gulf & Fraser Credit Union as of January 1, 2024.	53 Branches, 16,000 Members and $10,000,000,000 Assets
Steinbach Credit Union Mortgage Page	MB; Winnipeg, Steinbach	SCU was founded in 1941 and has never merged or acquired other credit unions.	3 Branches, 110,009 Members and $9,543,311,903 Assets
Alterna Credit Union Mortgage Page	ON; Southwest, West regions	Alterna's major growth event was the April 1, 2005 merger between CS CO-OP and Metro Credit Union. The combined assets were $1.8 billion, and the merger was described as the "first of its size to be approved in Ontario history.	43 Branches, 183,435 Members and $7,976,116,000 Assets
Affinity Credit Union Mortgage Page	SK; Saskatoon, Regina	ACU was founded over 15 years ago in 2005.	50 Branches, 132,506 Members and $7,724,897,316 Assets
DUCA Credit Union Mortgage Page	ON; Southwest regions	DUCA was founded in 1954.	19 Branches, 93,428 Members and $7,672,141,387 Assets
Prospera Credit Union Mortgage Page	BC; Southwest mainland regions	In 1943, fourteen members founded Edelweiss Credit Union with $58.50.	26 Branches, 115,634 Members and $7,533,994,000 Assets
Connect First Credit Union Mortgage Page	Central and Southern Alberta.	In 2021, connectFirst Credit Union was born from First Calgary Financial, Chinook Financial, Mountain View Financial and Legacy Financial. As of May 2024, it has merged with Servus Credit Union.	44 Branches, 133,408 Members and $7,304,149,000 Assets
Conexus Credit Union Mortgage Page	SK; Saskatoon, Regina	Conexus was founded in 1937 by a labour leader. In 1976, the implemented the first ATM in Canada.	30 Branches, 141,028 Members and $6,893,630,239 Assets
Assiniboine Credit Union Mortgage Page	MB; Winnipeg	Assiniboine was formed in 1943 by electric company employees. It is named after the street it was founded on. Entegra Credit Union merged into ACU on January 1, 2022.	18 Branches, 144,015 Members and $6,067,731,381 Assets
FirstOntario Credit Union Mortgage Page	ON; Hamilton, Halton, Niagara, Southwest regions	Founded in 1939 by a group of Stelco employees.	32 Branches, 129,093 Members and $6,057,525,000 Assets
Libro Credit Union Mortgage Page	ON; Southwest regions	Over 75 years, Libro has merged with over 43 credit unions to access many communities in southern Ontario.	34 Branches, 117,124 Members and $5,988,820,000 Assets
BlueShore Financial Credit Union Mortgage Page	BC; North Shore	The Credit Union was founded in 1941 by nine North Shore residents with $10 in capital.	12 Branches, 33,199 Members and $5,684,733,000 Assets
UNI Financial (UNI Coopération financière) Mortgage Page	NB: North, East Regions	UNI was founded in 1946 to service the Francophone Acadian population of New Brunswick.	42 Branches, 160,320 Members and $5,324,964,389 Assets
Windsor Family Credit Union Mortgage Page	ON, Waterloo	WFCU has been operational since 1941.	14 Branches, 72,567 Members and $5,046,882,244 Assets
Gulf and Fraser Credit Union Mortgage Page	BC; Lower Mainland, Fraser Valley	G&F Credit Union was started in 1940 by a group of people from the commercial fishing industry. On January 1, 2024, it merged with Interior Savings Credit Union to form Beem Credit Union.	28 Branches, 72,289 Members and $4,804,916,421 Assets
Cambrian Credit Union Mortgage Page	MB; Winnipeg	Since 1959, Cambrian has grown partly through mergers with other credit unions to become one of Manitoba's largest credit unions.	11 Branches, 69,621 Members and $4,802,865,247 Assets
Innovation Federal Credit Union Mortgage Page	SK; Southern, Central regions	ICU was formed on January 1, 2007, through the merger of Southwest Credit Union and BCU Financial.	25 Branches, 62,297 Members and $3,788,005,213 Assets
Interior Savings Credit Union Mortgage Page	BC; South region	Twenty members came together in 1939 to create ISCU. Their deposits totalled $96.50. It merged with Gulf and Fraser Credit Union to form Beem Credit Union as of January 1, 2024.	25 Branches, 91,328 Members and $3,538,246,000 Assets
Coastal Community Credit Union Mortgage Page	BC; Vancouver Island	CCCU was formed in 1945 under "Nanaimo & District Credit Union." It operated in a small office in the corner of a bicycle shop.	24 Branches, 84,799 Members and $3,294,620,987 Assets
Your Neighbourhood Credit Union (YNCU) Mortgage Page	ON; Southwest regions	Today’s YNCU is the result of many mergers over the years with credit unions whose histories stretch back to the 1940s.	18 Branches, 50,606 Members and $2,514,338,000 Assets
Caisse Populaire Alliance Mortgage Page	ON; Northern region	In 1979, the caisses of the Northern and Nipissing regions of Ontario chose to form their own association, which was renamed to L'Alliance des caisses populaires de l'Ontario limitée in 1980.	26 Branches, 56,666 Members and $2,426,353,000 Assets
Vision Credit Union Mortgage Page	AB; East, Northwest regions	Vision was founded over 70 years ago with a single branch in Camrose.	24 Branches, 37,294 Members and $2,364,835,634 Assets
Kawartha Credit Union Mortgage Page	ON; Southeast regions	Kawartha Credit Union (formerly CANGECO credit union) was started in 1952 by employees of the Maintenance and Repair Department of Canadian General Electric in Peterborough.	22 Branches, 58,123 Members and $2,203,453,047 Assets
Kindred Credit Union Mortgage Page	ON; Southwest regions	in 1964, twenty-two Waterloo County Mennonites deposited $22 in a cash box with the idea of creating a credit union to serve members of their faith community.	8 Branches, 28,311 Members and $2,078,881,055 Assets
Caisse Financial Group Mortgage Page	MB; St. Malo	The credit union was first established in St. Malo in 1937 with 29 members.	19 Branches, 34,645 Members and $2,042,708,094 Assets
Cornerstone Credit Union Mortgage Page	SK; Southeast regions	Over 75 years ago, Cornerstone opened with 81 initial members.	15 Branches, 29,056 Members and $2,011,765,000 Assets
Synergy Credit Union Mortgage Page	SK; West regions	Synergy was founded in 1943.	12 Branches, 27,086 Members and $1,925,545,000 Assets
Sunrise Credit Union Mortgage Page	MB; Southwest regions	Sunrise Credit Union was officially formed in 2008 through the merger of Virden, Turtle Mountain, Hartney, Tiger Hills, and Cypress River.	19 Branches, 34,393 Members and $1,909,026,979 Assets
Northern Credit Union Mortgage Page	ON; Toronto, Sudbury, Ottawa	Northern Credit Union began in 1957 as Sault Civic Employees Credit Union Limited.	25 Branches, 70,373 Members and $1,828,984,047 Assets
Kootenay Savings Credit Union Mortgage Page	BC; Southeast regions	Kootenay Savings was formed in 1969 by the amalgamation of three successful credit unions in Trail, Fruitvale and Castlegar, offering a greater spectrum of financial services to the three communities.	11 Branches, 34,053 Members and $1,596,592,808 Assets
Westoba Credit Union Mortgage Page	MB; Southwest regions	On October 3, 1963, they launched as Brandon Consumers Credit Union Society Ltd. Four years later, they opened our first full-time office and hired a full-time manager.	14 Branches, 42,673 Members and $1,553,337,072 Assets
Fusion Credit Union Mortgage Page	MB; Western regions	In 2017, Vanguard and Catalyst credit unions joined to form Fusion.	18 Branches, 29,863 Members and $1,511,546,389 Assets
Tandia Credit Union Mortgage Page	ON; Southwest region	Tandia was formed in 2013 due to Hamilton Teachers and Prosperity One merging.	10 Branches, 27,727 Members and $1,510,923,857 Assets
Provincial Credit Union Mortgage Page	PEI; Charlottetown, Stratford, Montague, Stella Maris	In October 2021, Évangéline-Central, Malpeque Bay, Provincial and Tignish merged to create one credit union.	9 Branches, 35,404 Members and $1,451,812,377 Assets
Ukrainian Credit Union Mortgage Page	ON; Southwest regions	UCU was founded in 1944 to serve the Ukrainian Canadian community.	18 Branches, 29,277 Members and $1,268,304,608 Assets
Prairie Centre Credit Union Mortgage Page	SK; Southeast regions	Prairie Centre was born on the prairies in 1993 as a result of a merger between five branches in the West Central region of Saskatchewan.	16 Branches, 17,132 Members and $1,180,579,340 Assets
Mainstreet Credit Union Mortgage Page	ON; Southwest regions	N/A	10 Branches, 25,416 Members and $1,056,568,767 Assets
Buduchnist Credit Union (BCU) Mortgage Page	ON; Southwest regions	BCU opened in 1952 with 162 members and over $22,000 in assets. It was founded by 25 forward-thinking Ukrainians who immigrated to Canada after WWll.	7 Branches, 17,977 Members and $1,022,867,355 Assets
Salmon Arm Savings and Credit Union Mortgage Page	BC; Shuswap	The credit union was founded in Salmon Arm in 1946.	4 Branches, 19,872 Members and $1,018,908,881 Assets
Stride Credit Union Mortgage Page	MB; Winnipeg	SCU was founded in 2017.	5 Branches, 19,677 Members and $1,003,392,608 Assets
Credit Union Atlantic Limited Mortgage Page	NS; Halifax, Dartmouth, Tantallon	CUA was established in 1948 in Halifax.	8 Branches, 20,119 Members and $985,080,000 Assets
Sunshine Coast Credit Union Mortgage Page	BC; Sechelt, Gibsons, Pender Harbour	In 1941, A small group of neighbours came together to create the first financial institution on the lower Sunshine Coast.	3 Branches, 17,507 Members and $966,379,692 Assets
Brunswick Credit Union Mortgage Page	NB; Saint John, Rothesay	Brunswick CU was formed by the merger of Advance Savings CU, Bayview CU and Progressive CU in 2023.	15 Branches, 36,839 Members and $934,275,364 Assets
IC Savings & Credit Union Mortgage Page	ON; Toronto	Originally named Italian Canadian Savings & Credit Union, IC Savings & Credit Union was established in Woodbridge, ON in the year 2000.	8 Branches, 21,572 Members and $898,011,340 Assets
Community Savings Credit Union Mortgage Page	BC; Vancouver, Burnaby, Surrey, New Westminster, Coquitlam	CSCU was founded in 1944 by a small group of unionized workers.	7 Branches, 15,433 Members and $884,777,702 Assets
Integris Credit Union Mortgage Page	BC; Central regions	Integris Credit Union was born in 2005 after the amalgamation of the Nechako Valley Credit Union, the Prince George Savings Credit Union and the Quesnel and District Credit Union.	8 Branches, 26,822 Members and $863,866,416 Assets
1st Choice Savings & Credit Union Ltd Mortgage Page	AB; Southern regions	Southland Credit Union and St. Patrick’s Savings and Credit Union merged to become the 1st Choice Savings and Credit Union in 2001.	5 Branches, 18,498 Members and $797,185,000 Assets
Northern Savings Credit Union Mortgage Page	BC; Queen Charlotte, Prince Rupert, Terrace, Masset	NSCU was founded in 1940.	4 Branches, 17,416 Members and $791,729,361 Assets
Penfinancial Credit Union Mortgage Page	ON; Niagara	PCU has been a Niagara-based credit union for over 60 years.	6 Branches, 19,726 Members and $774,771,240 Assets
Newfoundland and Labrador Credit Union Mortgage Page	NL; Southeast region	NLCU Initially opened in 1957.	12 Branches, 20,329 Members and $757,809,708 Assets
Khalsa Credit Union Mortgage Page	BC; Lower mainland, Victoria	KCU opened their first store in 1986 in Vancouver. Their mission was to serve Sikh members of the community.	6 Branches, 22,304 Members and $745,680,296 Assets
TCU Financial Group Mortgage Page	SK; Saskatoon, Regina	TCU started as Saskatchewan Teachers Federation Savings & Credit Union in 1952 with 17 charter members.	5 Branches, 14,527 Members and $710,454,487 Assets
Weyburn Credit Union Mortgage Page	SK; Weyburn, Yellow Grass, Lang	WCU received a provincial charter to operate as a credit union in 1944.	3 Branches, 7,987 Members and $709,732,972 Assets
Lakeland Credit Union Mortgage Page	AB; Bonnyville, Cold Lake	LCU began in 1940 under the name of St. Louis Savings Credit Union when 30 people met to establish a credit union.	2 Branches, 11,168 Members and $707,806,676 Assets
Rosenort Credit Union Mortgage Page	MB; Rosenort, Altona, Pembina	RCU was founded in 1940 with fourteen members. The credit union had a total of $70 in deposits.	3 Branches, 7,045 Members and $703,764,622 Assets
StellerVista Credit Union Mortgage Page	BC; Kootenay, Boundary regions	East Kootenay CU and Heritage CU merged to form StellerVista CU in 2023, with the origins of the original credit unions going back to 1950.	7 Branches, 19,879 Members and $700,219,382 Assets
Diamond North Credit Union Mortgage Page	SK; Central regions	DNCU was first established in 1939 under Artice Savings and Credit Union.	8 Branches, 12,093 Members and $683,472,000 Assets
First Credit Union Mortgage Page	BC; Vancouver Island, Powell River	First Credit Union began in 1939 in a tiny mill-town located on the West Coast of British Columbia.	8 Branches, 14,596 Members and $666,626,578 Assets
Radius Credit Union Ltd Mortgage Page	SK; Southern region	Radius CU has been operational for over 70 years.	8 Branches, 5,758 Members and $583,417,023 Assets
Sharon's Credit Union Mortgage Page	BC; Vancouver, Coquitlam, Surrey	Sharon's was founded in 1989 with 25 members and $100,000.	5 Branches, 15,609 Members and $581,777,125 Assets
Parama Credit Union Mortgage Page	ON; Toronto	Lithuanians created Parama Credit Union in 1952. The founders immigrated to Canada after the Second World War.	2 Branches, 6,694 Members and $569,813,503 Assets
Bow Valley Credit Union Mortgage Page	AB; Cochrane, Airdrie, Calgary, Canmore, Banff	BVCU was founded as Banff Park Savings and Credit Union in the bowling alley basement in Cascade Dance Hall in 1953.	6 Branches, 9,948 Members and $569,325,237 Assets
Motor City Credit Union Mortgage Page	ON; Windsor	MCCU was initiated in 1938 with the creation of the Windsor Star Printers' Industrial Credit Union. It later merged with the Ford and Chrysler employees groups in 1943.	3 Branches, 12,668 Members and $566,475,358 Assets
Sudbury Credit Union Mortgage Page	ON; Sudbury	Sudbury Credit Union started as Copper Cliff Community Credit Union from the vision of 24 people who came together on September 13, 1951.	6 Branches, 14,708 Members and $562,955,022 Assets
Bulkley Valley Credit Union Mortgage Page	BC; New Hazelton, Houston, Burns Lake, Smithers	BVCU was founded in 1941 to serve members from Burns Lake to the Hazeltons.	4 Branches, 16,027 Members and $562,249,189 Assets
Copperfin Credit Union Mortgage Page	ON; Thunder Bay, Kenora	In November of 2008, two Kenora-based credit unions with deep community roots joined forces to become Copperfin Credit Union.	4 Branches, 18,076 Members and $562,059,322 Assets
St. Stanislaus-St. Casimir’s Polish Parishes Credit Union Limited Mortgage Page	ON; Southeast region	St. Stanislaus-St. Casimir’s Polish Parishes Credit Union Limited was founded in 1945 by Father Stanley Puchniak, the Pastor of St. Stanislaus Parish in Toronto.	6 Branches, 15,122 Members and $553,181,878 Assets
Niverville Credit Union Mortgage Page	MB; Steinbach	In 1949 NCU had their first general meeting where 23 members subscribed. The credit union had a total of $150.75 in shares.	3 Branches, 9,847 Members and $518,102,495 Assets
VantageOne Credit Union Mortgage Page	BC; Vernon, Okanagan, Armstrong	VantageOne was formed in 1944, when they opened their first branch in Vernon, BC.	4 Branches, 9,598 Members and $465,034,194 Assets
Rocky Credit Union Mortgage Page	AB; Rocky Mountain House	N/A	1 Branch, 7,470 Members and $448,703,759 Assets
Williams Lake & District Credit Union Mortgage Page	BC; Central regions	WLCU was first incorporated in 1952.	3 Branches, 11,797 Members and $424,499,998 Assets
Comtech Fire Credit Union Ltd Mortgage Page	ON; GTA, East Ontario	Comtech Fire CU was formed by the amalgamation of Comtech (est. 1940 as Toronto Telephone Employees CU) and Fire Services CU (est. 1941) in 2016.	7 Branches, 11,544 Members and $389,462,888 Assets
Summerland Credit Union Mortgage Page	BC; Summerland	Summerland Credit Union was founded in 1944.	1 Branch, 7,369 Members and $388,191,844 Assets
Omista Credit Union Mortgage Page	NB; Moncton, Fredericton	Omista was founded in 1938 in Moncton, New Brunswick, as the CN Credit Union. Over the years, it has grown through mergers.	4 Branches, 10,503 Members and $386,665,819 Assets
Your Credit Union Mortgage Page	ON; Ottawa, Cornwall	Your Credit Union was founded over 70 years ago.	4 Branches, 10,269 Members and $386,550,385 Assets
Pathwise Credit Union Mortgage Page	ON; Oshawa, Bowmanville	Originally Auto Workers Credit Union (AWCU), Pathwise first opened its doors on April 2, 1938, offering savings and loan services to 29 members.	2 Branches, 12,159 Members and $385,893,875 Assets
Moya Financial Credit Union Limited Mortgage Page	ON; Toronto, Hamilton	Formed with the merger of Krek Slovenian CU and Slovenia Parishes CU in 2016.	2 Branches, 5,373 Members and $376,975,143 Assets
OPPA Credit Union Mortgage Page	ON; Barrie	OPPA was founded in 1971 by a group of police officers.	6 Branches, 12,459 Members and $374,259,258 Assets
Lakeview Credit Union Mortgage Page	BC; Dawson Creek, Tumbler Ridge, Chetwynd	Lake View Credit Union was founded in 1943.	3 Branches, 8,493 Members and $370,079,904 Assets
Crossroads Credit Union Mortgage Page	SK; Canora, Preeceville	CCU was incorporated in 1959. There were over 160 members initially with over $10,000 in collective deposits.	4 Branches, 6,529 Members and $348,681,101 Assets
Unity Credit Union Mortgage Page	SK; Unity	Unity Credit Union was founded in 1941. Initially, there were 54 members and $52.00 in deposits.	1 Branch, 4,423 Members and $348,643,237 Assets
Swan Valley Credit Union Mortgage Page	MB; Swan River	On June 10, 1953, twelve individuals met in the Swan River Legion Hall for the purpose of establishing a credit union. A total of $60.75 was pledged in capital, and the history of Swan Valley Credit Union began.	2 Branches, 7,010 Members and $347,009,063 Assets
Atlantic Edge Mortgage Page	NL; Northwest Newfoundland, Southeast Labrador	Formed by the amalgamattion of Eagle River Credit Union and Leading Edge Credit Union on January 1, 2022.	11 Branches, 17,610 Members and $346,699,056 Assets
Equity Credit Union Mortgage Page	ON; Toronto	Started as Lever Brothers Credit Union over 80 years ago.	1 Branch, 4,045 Members and $344,921,639 Assets
Consolidated Credit Union Mortgage Page	PEI; Summerside	N/A	2 Branches, 7,199 Members and $323,646,627 Assets
Rapport Credit Union Mortgage Page	ON; Toronto, Hamilton, Thunder Bay	In 2014, Rapport was created from the resulting merger of two legacy credit unions.	10 Branches, 14,222 Members and $312,477,003 Assets
Accent Credit Union Mortgage Page	SK; Quill Lake, Kelvington, Jansen	ACU was created in 2010 after the merger of Quill Lake and Kelvington Credit Unions.	3 Branches, 4,602 Members and $310,131,516 Assets
Sydney Credit Union Mortgage Page	NS; Sydney	Sydney Credit Union was formed in 1935 to solve poverty resulting from the downsizing of the Cape Breton coal mines.	3 Branches, 12,578 Members and $306,740,325 Assets
Biggar & District Credit Union Mortgage Page	SK; Biggar, Landis, Perdue	In 1949, BCU began providing banking services to the Biggar region.	3 Branches, 3,902 Members and $306,097,670 Assets
Valley Credit Union Mortgage Page	NS: West regions	VCU was created over 24 years ago.	7 Branches, 10,634 Members and $301,389,711 Assets
Nelson And District Credit Union Mortgage Page	BC; Nelson	On November 14, 1950, ten residents signed an application to incorporate the NSCU.	3 Branches, 9,732 Members and $299,698,047 Assets
Ladysmith & District Credit Union Mortgage Page	BC; Vancouver Island	LCU has been part of the Ladysmith community since the Credit Union was established in 1944.	2 Branches, 6,005 Members and $298,170,012 Assets
Healthcare & Municipal Employees' Credit Union Limited Mortgage Page	ON; Hamilton region	HMECU is over 85 years old.	6 Branches, 10,807 Members and $273,947,155 Assets
Christian Credit Union Mortgage Page	AB; Edmonton, Lethbridge	In 1952, 15 members created CCU to serve Christian Dutch immigrants.	2 Branches and $269,800,000 Assets
Revelstoke Credit Union Mortgage Page	BC; Revelstoke	RCU was founded in 1953 with $35 in assets.	2 Branches, 5,000 Members and $266,656,830 Assets
Vermilion Credit Union Mortgage Page	AB; Vermillion, Mannville	Vermilion Credit Union was created in 1943 as Vermilion Savings and Credit Union and in 1996 changed its name to Vermilion Credit Union Ltd.	2 Branches, 3,486 Members and $248,628,358 Assets
Belgian Alliance Credit Union Mortgage Page	MB; Winnipeg	A Reverend founded BACU in 1939 to meet the needs of local parishioners. In 1949, the credit union expanded its services to Belgian and Dutch descendants. In 1970, the credit union opened the public of Manitoba.	3 Branches, 5,000 Members and $230,644,097 Assets
Compass Credit Union Mortgage Page	MB; South region	In 2018, two credit unions, from Brandon and Erickson, became Compass Credit Union.	3 Branches and $221,917,252 Assets
Raymore Credit Union Mortgage Page	SK; Raymore, Dysart	In 1949 RCU was founded to provide the only banking services in the Raymore region. They initially had 40 members and under $5000 in assets.	2 Branches, 3,000 Members and $216,479,219 Assets
Columbia Valley Credit Union Mortgage Page	BC; Golden	CVCU was established in 1955.	1 Branch, 4,500 Members and $215,193,802 Assets
Kingston Community Credit Union (KCCU) Mortgage Page	ON; Kingston	KCCU was formed in 1957 as the Kingston Municipal Employees Credit Union.	3 Branches, 12,000 Members and $211,889,378 Assets
Winnipeg Police Credit Union Mortgage Page	MB; Winnipeg	On November 9, 1949, the Winnipeg City Police Employees Credit Union Society Limited commenced operation with a part-time manager and a tiny operating capital.	2 Branches and $211,681,119 Assets
Osoyoos Credit Union Mortgage Page	BC; Osoyoos	OCU opened in 1946 and has been serving its members ever since.	4 Branches, 3,892 Members and $204,307,458 Assets
Southwest Credit Union Mortgage Page	ON; Sarnia, Corunna, Wyoming, Wallaceburg	SCU was founded in 1939, with its first members being individuals belonging to a small church group in Moore Township.	4 Branches, 6,300 Members and $197,000,000 Assets
Northern Birch Credit Union Mortgage Page	ON; Toronto, Hamilton	The Latvian and Estonian Credit Unions merged and became Northern Birch Credit Union as of January 1, 2020.	3 Branches and $192,342,419 Assets
Ganaraska Credit Union Mortgage Page	ON; Cobourg	GCU was founded over 75 years ago.	2 Branches and $192,209,991 Assets
Community Credit Union Mortgage Page	NS; Truro, Amherst	The credit Union was founded in Truro in 1938.	3 Branches, 6,978 Members and $192,200,000 Assets
Momentum Credit Union Mortgage Page	ON; Oakville, Hamilton	Momentum was formed in 2010 after the merger of Twin Oak and Hamilton community credit unions.	2 Branches and $155,307,955 Assets
Oshawa Community Credit Union Mortgage Page	ON; Oshawa	in 1939, OCCU was established by 19 members with $16 in deposits.	1 Branch, 3,200 Members and $143,603,464 Assets
Souris Credit Union Mortgage Page	PEI; Souris	SCU has been a PEI credit union for over 65 years.	1 Branch, 3,445 Members and $118,694,239 Assets
Me-Dian Credit Union Mortgage Page	MB; Winnipeg	Over 40 years ago, Me-Dian opened as a credit union exclusively for the Métis population. Over time they expanded to include the entire indigenous population. In 2009, they opened to the public.	1 Branch, 3,725 Members and $118,585,482 Assets
Turtleford Credit Union Mortgage Page	SK; Turtleford	The Turtleford Credit Union Limited was officially open for business on June 6, 1972.	1 Branch, 2,077 Members and $109,017,842 Assets
Sandhills Credit Union Mortgage Page	SK; Leader	N/A	1 Branch and $101,968,967 Assets
Bay Credit Union Mortgage Page	ON; Thunder Bay	BAY Credit Union was founded in 1946 as People's Cooperative Credit Union Limited. It began its operation to serve the sizeable Finnish-speaking population of Port Arthur.	2 Branches, 5,000 Members and $88,846,811 Assets
St Joseph's Credit Union Mortgage Page	NS; Petit-de-Grat	N/A	1 Branch, 2,800 Members and $86,000,000 Assets
Beaubear Credit Union Mortgage Page	NB; Beaubear	BCU was founded over 80 years ago.	2 Branches and $81,611,908 Assets
Public Service Credit Union Mortgage Page	NL; St. John's	PSCU first opened over 75 years ago.	1 Branch and $73,897,321 Assets
Victory Credit Union Mortgage Page	NS; North regions	N/A	3 Branches, 3,700 Members and $72,991,189 Assets
Teachers Plus Credit Union Mortgage Page	NS; Bedford	TPCU was created over 60 years ago to provide banking services to the education community of Bedford.	1 Branch, 2,700 Members and $70,041,080 Assets
Dundalk Credit Union Mortgage Page	ON; Dundalk, Feversham	DCU opened in 1943 with 20 members.	5 Branches, 2,100 Members and $67,851,761 Assets
Lahave River Credit Union Mortgage Page	NS; Bridgewater	LRCU opened in Bridgewater over 60 years ago.	1 Branch, 2,200 Members and $61,460,998 Assets
Morell Credit Union Mortgage Page	PEI; Morell	MCU has been providing their services to PEI for over 70 years.	1 Branch, 2,400 Members and $61,380,444 Assets
iNova Credit Union Mortgage Page	NS; Halifax	iNova Credit Union was formed in 1936. It was initially created for Canada Post employees.	1 Branch and $52,347,018 Assets
Glace Bay Central Credit Union Mortgage Page	NS; Glace Bay, Sydney	GBCCU was founded over 80 years ago to serve the Glace Bay community.	1 Branch, 3,750 Members and $45,000,000 Assets
New Waterford Credit Union Mortgage Page	NS; New Waterford	NWCU was founded in 1933.	1 Branch, 2,200 Members and $39,000,000 Assets
North Sydney Credit Union Mortgage Page	NS; North Sydney	NSCU was founded on October 18, 1937.	1 Branch, 2,000 Members and $35,702,044 Assets
Venture Credit Union Mortgage Page	NL; Eastern regions	VCU was founded over 25 years ago.	4 Branches, 3,700 Members and $34,000,000 Assets
Korean (Toronto) Credit Union Mortgage Page	ON; Toronto	KTCU was established in the year 1976.	1 Branch and $25,199,242 Assets
New Ross Credit Union Mortgage Page	NS; New Ross, Chester Basin	N/A	2 Branches, 3,000 Members and $25,000,000 Assets
Valley First Credit Union Mortgage Page	BC; Southwest regions	VFCU was founded in 1947 as the Penticton and District Credit Union. However, in 1983, Valley First was established following a period of expansion through the Okanagan and Similkameen valleys. It became a division of First West Credit Union in September 2009.	15 Branches
Envision Credit Union Mortgage Page	BC; Southwest regions	ECU was born in 2001 through the merger of Delta Credit Union and Heritage Savings Credit Union. In 2010, they merged with Valley First Credit Union to create First West Credit Union.	21 Branches
Acadian Credit Union Mortgage Page	NS; Chéticamp	Acadian Credit Union's inception was in 1935.	1 Branch
Educators Credit Union (ECU) Mortgage Page	ON; Kitchener, Waterloo, Cambridge	ECU was founded in 1972 by Waterloo Region District School Board teachers. It became a division of WFCU Credit Union in 2020.	3 Branches
ABCU Credit Union Mortgage Page	AB; Beaumont	ABCU opened to the Edmonton communities in 1938.	2 Branches
Cape Breton Credit Union Mortgage Page	NS; Sydney, Glace Bay	N/A	2 Branches
Golden Horseshoe Credit Union Mortgage Page	ON; Hamilton	GHCU was created over 50 years ago to help ArcelorMittal employees reach their financial goals.	2 Branches, 3,200 Members
Princess Credit Union Mortgage Page	NS; Sydney	PCU was founded in 1934.	1 Branch
Dominion Credit Union Mortgage Page	NS; Dominion	N/A	1 Branch
NBTA Credit Union Mortgage Page	NB; Fredericton	NBTA started in 1971 to serve the education community. However, they opened to the public in 2010.	1 Branch
Ontario Educational Credit Union Mortgage Page	ON; Mississauga	In 1962 a group of teachers in the Toronto Township School Board formed a Credit Union for teachers in that jurisdiction.	2 Branches

Who Regulates Credit Unions in Canada?

Federal Credit Unions

There are three federally regulated credit unions in Canada:

Coast Capital Savings Federal Credit Union
UNI Financial Cooperation (UNI Coopération financière)
Innovation Federal Credit Union

These federal credit unions are members of the Canada Deposit Insurance Corporation (CDIC), meaning your eligible deposits at these two federal credit unions are insured and protected for up to $100,000.

Federal Credit Unions are regulated just like banks are in Canada; they are both regulated by the Office of the Superintendent of Financial Institutions (OSFI) and operate under the Bank Act.

Provincial Credit Unions

Provincial credit unions are regulated by their home provinces. Provincially regulated credit unions are not covered by CDIC deposit insurance but are usually covered by provincial coverage. For example, the Financial Services Regulatory Authority of Ontario (FSRA) covers eligible deposits at credit unions and at caisses populaires in Ontario for up to $250,000 for non-registered accounts and offers unlimited coverage for registered accounts. Given the location restrictions of credit unions, each province typically has different companies. For a complete list of credit unions, you can view our list.

The EXCHANGE Network

While credit unions may have limited branches, many credit unions and smaller banks participate in the EXCHANGE Network. If you are a participating credit union member, you can use ATMs at all EXCHANGE ATMs across the country without any fees. In comparison, if you are a big bank customer, you may be charged a fee to use another bank’s ATM.

Some participating credit unions and banks in the network include Alterna Savings, Canadian Western Bank, Coast Capital Savings, DUCA Credit Union, FirstOntario Credit Union, HSBC Bank, ICICI Bank,Laurentian Bank, Manulife, Motusbank, Meridian Credit Union, National Bank, and Vancity Credit Union.

Open vs. Closed Bond Credit Unions

Many credit unions started as closed bond unions, meaning they only service a specific segment. For example, a closed bond credit union would only serve members of a particular profession or religion.

Today, only some closed bond credit unions exist, such as the Ontario Provincial Police Credit Union and various Teachers' unions. However, most of them are open bonded and provide their service to the surrounding neighbourhoods. Given most credit unions operate locally, they have a strong understanding of local first-time home buyer incentives.

Atlantic Canada Credit Unions

All Atlantic Canada credit unions have an agreement that allows members to visit other unions. For example, if you're a Nova Scotia Credit Union member, you can walk into a separate PEI company and receive the same service.

Disclaimer:

Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
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Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.