Bow Valley Credit Union Ltd.
This Page's Content Was Last Updated: July 21, 2026
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Credit Union
Bow Valley
Bow Valley Credit Union Ltd. is a credit union located in Alberta. It was founded in 1975 through the merger of Banff Park Savings & Credit Union and Canmore Credit Union. It primarily serves Bow Valley Corridor and Calgary region.
Banff Savings & Credit Union was founded in 1953 in Banff, Alberta. Its early history included founding partners Harry and Felicia Pedhirney and Harry and Bella Hiscock, with Felicia Pedhirney serving in management and board roles for many years.
In 1975, the institution amalgamated with Canmore Credit Union and adopted the Bow Valley Credit Union name. It later expanded into additional Alberta communities, including Cochrane, Calgary, and Airdrie. Headquartered in Cochrane, Bow Valley serves members with personal and business banking, lending, mortgages, investments, and financial advice.
Bow Valley has also pursued financial service innovation. In 2025, it launched a Bitcoin Gateway in partnership with fintech providers, positioning the credit union as an adopter of digital asset services within the cooperative banking sector.
Provinces served
Number of Members (as of 2025): ~10,000
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: BVCU Basics
- Standard Fee
- $3.00/mo
- Free Transactions
- 20
- Max e-Transfer / Day
- $3,000
- Insurance Limit
- Unlimited
Account details
- This account allows 20 free transactions.
- Maximum Interac e-Transfer per day: $3,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- BVCU Basics is a $3-per-month chequing account with 20 included debit transactions per month. Additional debit transactions cost $1.75 each, and digital eStatements are free. The account qualifies for the Better Together group discount, which reduces the monthly fee by $2 for eligible groups of 5 or more people.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Chequing Account
2. Account: BVCU Edge
- Standard Fee
- $6.00/mo
- Free Transactions
- 40
- Max e-Transfer / Day
- $3,000
- Insurance Limit
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $4,500 in your account.
- This account allows 40 free transactions.
- Maximum Interac e-Transfer per day: $3,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- BVCU Edge is a $6-per-month chequing account with 40 included debit transactions and the first 12 personalized cheques included. The monthly fee is waived with a $4,500 minimum balance. It also includes 0.05% term deposit and mortgage rate benefits, a 25% Visa fee rebate, and Multi-Product and Better Together discounts.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Chequing Account
3. Account: BVCU Premier
- Standard Fee
- $10.00/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- Insurance Limit
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $6,000 in your account.
- The account fee may be waived for students and youth.
- This account allows Unlimited free transactions.
- Maximum Interac e-Transfer per day: $3,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- BVCU Premier is a $10-per-month chequing account with unlimited debit transactions and free Canadian non-credit-union ATM withdrawals. The monthly fee is waived with a $6,000 minimum balance and is free for members under 25. It includes free paper statements and drafts, 0.10% term deposit and mortgage rate benefits, and a 50% Visa fee rebate.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Savings Accounts
Savings Account
Account: Personal Savings
- Standard Fee
- Free
- Free Transactions
- 2
- Max e-Transfer / Day
- $3,000
- Insurance Limit
- Unlimited
Account details
- This account allows 2 free transactions.
- Maximum Interac e-Transfer per day: $3,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- No source is available for the account’s interest rate.
- BVCU Personal Savings is a no-monthly-fee savings account with no minimum balance requirement and tiered interest calculated daily on the closing balance and paid monthly. It includes 2 free debit transactions per month across self-serve and full-serve channels, plus free digital eStatements. The account also counts toward BVCU’s Multi-Product chequing fee waiver.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $663M | +9.4% | +50.3% |
| Loans | $514M | +17.9% | +38.2% |
| Deposits | $614M | +9.8% | +51.2% |
| Loan-to-Deposit Ratio | 83.7% | — | — |
| Mortgages + HELOCs | $351M | +11.1% | +27.6% |
| Securities | $118M | -19.2% | +227.8% |
| Revenue | $14M | -6.7% | +40.0% |
| Efficiency Ratio | 97.9% | — | — |
| Target Members / Region | Bow Valley Corridor and Calgary region | — | — |
Bow Valley Credit Union Ltd. Deposits, Loans and Revenue in the Past 5 Years
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