Coastal Financial Credit Union
This Page's Content Was Last Updated: July 21, 2026
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
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's entry-level chequing account at $5 a month, bundling 15 transactions covering cheque clearing, in-branch withdrawals, direct payments, and pre-authorized debits. It comes with a Mastercard Payment Card rather than a standard debit card, so purchases work anywhere Mastercard is accepted. Members 59 and over get the same account at a reduced $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's high-interest savings account, paying a flat 0.55% regardless of balance with no monthly fee and easy transfers between your accounts. That flat rate beats the top tier of their YOUR Savings account, which only reaches 0.250% at balances above $100,000, making TrueSave the stronger choice at essentially any balance level.
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.
Credit Union Overview
| Metric | 2025 | 5-Year Change |
|---|---|---|
| Assets | $254M | N/A |
| Loans | $188M | N/A |
| Deposits | $234M | N/A |
| Mortgages + HELOCs | $110M | N/A |
| Revenue | $8M | N/A |
| Efficiency Ratio | 80.0% | — |
| Members | ~6,000 | — |
| Branches | 5 | — |
| Target Members / Region | Southwest Nova Scotia | — |
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Contact
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