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Coastal Financial Credit Union

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This Page's Content Was Last Updated: July 21, 2026

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Credit Union

Coastal Financial

Coastal Financial Credit Union is a credit union located in Nova Scotia. It was founded in 1937. It primarily serves Southwest Nova Scotia.

Coastal Financial Credit Union has served southwest Nova Scotia since 1937. Headquartered in the Yarmouth area, it serves communities along the Acadian and South Shore coastlines, including Yarmouth, Tusket, Wedgeport, Pubnico, and Barrington.

The credit union offers personal and business banking, borrowing, mortgages, investments, insurance, and related financial services. Membership is open to individuals and businesses in the communities it serves.

Coastal Financial Credit Union operates as a member owned financial cooperative governed by directors elected by its members. Member deposits are protected through the Nova Scotia Credit Union Deposit Insurance Corporation.

Provinces served

Nova Scotia

Number of Members (as of 2025): ~6,000

Chequing and Savings Accounts

The account-related data on this page was last updated on July 20, 2026.

Chequing Accounts

  • Chequing Account

    1. Account: YOUR Chequing 15

    Standard Fee
    $5.00/mo
    Free Transactions
    15
    Insurance Limit
    $250,000 per category

    Account details

    • This account allows 15 free transactions.
      • Coastal Financial Credit Union YOUR Chequing 15 is a $5-per-month chequing account with 15 included transactions covering cheque clearing, in-branch withdrawals, direct payments, and pre-authorized debits. It includes a Mastercard Payment Card and online banking access. Members age 59 and older pay a reduced monthly fee of $3.75 through the Senior variant.

      Deposit Insurance

      Deposits are insured by the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC). "Category" generally means separate coverage for each account type, such as individual, joint, trust, and each registered plan, though exact definitions vary slightly by province.

    Savings Accounts

    • Savings Account

      Account: Coastal TrueSave

      Interest Rate
      0.55%
      Standard Fee
      Free
      Insurance Limit
      $250,000 per category
      • Coastal Financial Credit Union Coastal TrueSave is a no-monthly-fee high-interest savings account paying a flat 0.55% rate regardless of balance. Transfers between eligible Coastal Financial accounts are available without a monthly account fee. The account keeps funds accessible and does not require a minimum balance to earn the posted rate.

      Deposit Insurance

      Deposits are insured by the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC). "Category" generally means separate coverage for each account type, such as individual, joint, trust, and each registered plan, though exact definitions vary slightly by province.

    Key Financial Metrics and Trends

    As of: December 31, 2025
    Metric20255-Year Change
    Assets$254MN/A
    Loans$188MN/A
    Deposits$234MN/A
    Loan-to-Deposit Ratio80.3%—
    Mortgages + HELOCs$110MN/A
    Securities$33MN/A
    Revenue$8MN/A
    Efficiency Ratio80.0%—
    Target Members / RegionSouthwest Nova Scotia—

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