Khalsa Credit Union
This Page's Content Was Last Updated: July 21, 2026
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Credit Union
Khalsa
Khalsa Credit Union is a credit union located in British Columbia. It was founded in 1986. It primarily serves BC Sikh community.
Khalsa Credit Union was established in British Columbia in 1986 by members of the province’s Sikh community. It was created to provide cooperative financial services with cultural understanding and community based service for members whose needs were not always well served by mainstream financial institutions.
Khalsa offers personal and business banking, lending, mortgages, investments, and financial advice. Its identity is connected to Sikh values such as seva, equality, accountability, generosity, and community service. It serves Sikh and like minded communities across British Columbia while operating as a member owned credit union.
Khalsa’s community work includes scholarships, bursaries, charitable giving, and youth financial literacy initiatives, including support for Junior Achievement British Columbia’s Dollars with Sense program. Its work combines financial services with support for culture, education, and community development.
Provinces served
Number of Members (as of 2025): ~25,000
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: KCU Free Unlimited Chequing
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
- KCU Free Unlimited Chequing is a no-monthly-fee chequing account with unlimited transactions and free Interac e-Transfers. It includes free mobile cheque deposits, online cheque images for up to 7 years, and free deposits and withdrawals at more than 4,000 Ding-Free ATMs across Canada. Punjabi-language service is available in branch and by phone.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Accounts
Savings Account
Account: KCU Regular Savings
- Interest Rate
- 0.15%
- Standard Fee
- Free
- Free Transactions
- 2
- Insurance Limit
- Unlimited
Account details
- This account allows 2 free transactions.
- KCU Regular Savings is a no-monthly-fee savings account with no minimum balance requirement and tiered interest paid on the daily balance. It includes 2 free withdrawals or transfers per month, unlimited deposits, and free Interac e-Transfers. Deposits are fully insured by the Credit Union Deposit Insurance Corporation of British Columbia.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Account
Account: KCU Special Savings
- Interest Rate
- 0.30%
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
- KCU Special Savings is a no-monthly-fee savings account that requires a minimum balance and pays a higher interest rate based on the lowest monthly balance. It includes unlimited transactions, free Interac e-Transfers, and free deposits and withdrawals at more than 4,000 Ding-Free ATMs across Canada. Deposits are fully insured by CUDIC.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $922M | +12.3% | +35.0% |
| Loans | $750M | +8.5% | +39.9% |
| Deposits | $851M | +12.7% | +33.6% |
| Loan-to-Deposit Ratio | 88.1% | — | — |
| Mortgages + HELOCs | N/A | N/A | N/A |
| Securities | $88M | +10.0% | +7.3% |
| Revenue | $22M | +15.8% | +46.7% |
| Efficiency Ratio | 66.8% | — | — |
| Target Members / Region | BC Sikh community | — | — |
Khalsa Credit Union Deposits, Loans and Revenue in the Past 5 Years
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