Equity Credit Union Inc.
This Page's Content Was Last Updated: July 21, 2026
Credit Union
Equity Credit Union Inc.
Equity Credit Union Inc. is a credit union located in Ontario. It was founded in 1943. It primarily serves Durham Region and Eastern Ontario.
Equity Credit Union was founded in 1943 by employees of the Lever Brothers soap factory in Toronto. Its early membership was connected to Lever Brothers and later Unilever employees, and the credit union operated under several names before formally becoming Equity Credit Union in 2004.
In 2002, Equity changed from a closed employee based credit union to an open bond institution, allowing membership to extend beyond its original workplace group. In 2010, it moved its headquarters from Toronto to Ajax, Ontario.
Today, Equity Credit Union serves members in Durham Region and beyond with personal banking, borrowing, mortgages, investments, and related financial services. It operates as a member owned cooperative with a focus on accessible service and local decision making.
Provinces served
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Savings Accounts
Savings Account
Account: Daily Interest
- Interest Rate
- 0.30%
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 0 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $25,000
- This limit may vary depending on the client profile.
- Interest is paid quarterly.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Savings Account
Account: Regular Savings
- Interest Rate
- 0.30%
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 0 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $25,000
- This limit may vary depending on the client profile.
- Interest is paid semi-annually.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Savings Account
Account: SuperSaver High Interest Savings Account
- Interest Rate
- 2.50%
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 0 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $25,000
- This limit may vary depending on the client profile.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Credit Union Overview
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $386M | +4.3% | +11.9% |
| Loans | $336M | +1.2% | +7.0% |
| Deposits | $363M | +4.0% | +11.3% |
| Mortgages + HELOCs | N/A | N/A | N/A |
| Revenue | $7M | +75.0% | +133.3% |
| Efficiency Ratio | 35.4% | — | — |
| Members | ~4,000 | — | — |
| Branches | 1 | — | — |
| Target Members / Region | Durham Region and Eastern Ontario | — | — |
Equity Credit Union Inc. Deposits, Loans and Revenue in the Past 5 Years
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Contact
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