FirstOntario Credit Union
FirstOntario Credit Union is a credit union located in ON. It was founded in 1939. It serves Greater Hamilton Area, Halton Region, and the Niagara Region.
FirstOntario Credit Union has roots in southern Ontario’s labour and community credit union history. It traces its origins to 1939, when employees of the Steel Company of Canada in Hamilton formed Stelco Employees Credit Union. Over time, it grew through mergers with other community based cooperatives, including Niagara region predecessors, and adopted the FirstOntario name in 2000.
Today, FirstOntario serves members across Hamilton, Niagara, Halton, and southwestern Ontario with personal and business banking, mortgages, loans, investments, and financial advice. As a member owned cooperative, it reinvests profits into local partnerships, charitable support, and community programs.
One of its established community initiatives is support for student nutrition programs, which help provide food to students through local school and community partners.
| Metric | 2025 | YoY Change |
|---|---|---|
| Assets | $7.2B | +8.9% |
| Loans | $6.4B | +8.8% |
| Deposits | $6.2B | +11.9% |
| Mortgages + HELOCs | $4.7B | +11.2% |
| Efficiency Ratio | 76.2% | — |
| Members | 126,000 | — |
| Branches | 29 | — |
| Target Members | Greater Hamilton Area, Halton Region, and the Niagara Region | — |
Mortgage Rates
| Lender | Term | Rate | |
|---|---|---|---|
| 6-Month Fixed | 6.34% | ||
| 1-Year Fixed | 5.34% | ||
| 2-Year Fixed | 4.79% | ||
| 3-Year Fixed | 4.69% | ||
| 4-Year Fixed | 4.84% | ||
| 5-Year Fixed | 4.79% | ||
| 7-Year Fixed | 5.79% | ||
| 10-Year Fixed | 5.99% | ||
| 5-Year Variable | 3.55% | ||
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at any time and may be applicable only to certain borrowers. Terms and conditions apply. | |||
GIC Rates
| Term | Rate |
|---|---|
| 6-Month | 2.60% |
| 9-Month | 2.75% |
| 1-Year | 3.00% |
| 2-Year | 3.25% |
| 3-Year | 3.35% |
| 4-Year | 3.35% |
| 5-Year | 3.50% |
* Rates are for informational purposes only and reflect the highest rates available. Rates may change at any time and may be applicable only to certain depositors. Terms and conditions apply. | |
To find more information refer to our lenders report at WOWA.io.
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