Lakeland Credit Union Ltd.
This Page's Content Was Last Updated: July 21, 2026
Credit Union
Lakeland
Lakeland Credit Union Ltd. is a credit union located in Alberta. It was founded in 1940. It primarily serves Bonnyville and Cold Lake.
Lakeland Credit Union traces its roots to May 7, 1940, when St. Louis Savings Credit Union was formed in the Bonnyville area of northeastern Alberta. It later operated as Caisse Populaire St. Louis Credit Union and eventually opened membership to all residents of the Bonnyville area. In 1994, the Bonnyville and Cold Lake credit unions amalgamated to create Lakeland Credit Union.
Today, Lakeland serves the Bonnyville and Cold Lake region as a member-owned financial cooperative. It offers personal and business banking, lending, mortgages, investments, and financial advice.
Lakeland’s cooperative model includes annual profit sharing with members and support for local community initiatives. Through financial literacy sessions, local giving, and employee volunteerism, it contributes to the financial well-being of the northeastern Alberta communities it serves.
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: Basic Account
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 0 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Chequing Account
2. Account: Ultra Account
- Standard Fee
- $16.00/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions. All of these transactions can be carried out in branch.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Savings Accounts
Savings Account
Account: Advantage Savings
- Interest Rate
- 0.60%*
- Standard Fee
- Free
- Free Transactions
- 1
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 1 free transaction.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
*Interest Rate Breakdown by Balance
Balance amount Interest rate $0.00 to $9,999 0.60% $10,000 to $99,000 0.70% $100,000 or more 0.80% Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Savings Account
Account: Platinum Savings
- Standard Fee
- Free
- Free Transactions
- 2
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 2 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- No source is available for the account’s interest rate.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Credit Union Overview
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $741M | +3.6% | +14.5% |
| Loans | $427M | +0.9% | -7.6% |
| Deposits | $636M | +4.4% | +16.5% |
| Mortgages + HELOCs | $304M | +1.0% | +1.3% |
| Revenue | $16M | -5.9% | +14.3% |
| Efficiency Ratio | 90.9% | — | — |
| Members | ~11,000 | — | — |
| Branches | 2 | — | — |
| Target Members / Region | Bonnyville and Cold Lake | — | — |
Lakeland Credit Union Ltd. Deposits, Loans and Revenue in the Past 5 Years
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Contact
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