Libro Credit Union
This Page's Content Was Last Updated: July 21, 2026
Credit Union
Libro
Libro Credit Union is a credit union located in Ontario. It was founded in 1951. It primarily serves Southwestern Ontario and Central/Eastern Ontario.
Libro Credit Union was founded in 1951 by Dutch Catholic immigrants in the Diocese of London, Ontario, who sponsored Theodore J. Smeenk to help establish a cooperative financial institution for their community. An early predecessor name was St. Willibrord Community Credit Union, and Libro later grew through the combination of multiple organizations across southwestern Ontario.
Headquartered in London, Libro is the largest credit union in southwestern Ontario. It serves individuals, families, farms, and businesses with banking, lending, investments, financial coaching, and advice. Libro refers to its members as Owners and shares profits with them through its cooperative model.
Libro is also a certified B Corporation, reflecting verified social and environmental standards alongside financial performance. Its work focuses on member ownership, local financial services, community investment, and support for the economic well-being of southwestern Ontario.
Provinces served
Mortgage Rates
The mortgage rates on this page were last updated on August 5, 2026 at 5:46 PM ET.
| Lender | Term | Rate | |
|---|---|---|---|
| 6-Month Fixed | 7.75% | ||
| 1-Year Fixed | 5.24% | ||
| 2-Year Fixed | 5.04% | ||
| 3-Year Fixed | 4.24% | ||
| 4-Year Fixed | 4.94% | ||
| 5-Year Fixed | 4.29% | ||
| 7-Year Fixed | 6.14% | ||
| 5-Year Variable | 4.15% | ||
* 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
The GIC rates on this page were last updated on August 5, 2026 at 11:14 AM ET.
| Term | Rate |
|---|---|
| 1-Month | 2.00% |
| 3-Month | 2.25% |
| 6-Month | 2.25% |
| 9-Month | 2.25% |
| 1-Year | 3.05% |
| 2-Year | 3.15% |
| 3-Year | 3.25% |
| 4-Year | 3.20% |
| 5-Year | 3.20% |
* 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. | |
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
- Standard Fee
- $4.00/mo
- Free Transactions
- 12
- Max e-Transfer / Day
- $3,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $1,000 in your account.
- This account allows 12 free transactions.
- 5 surcharge-free withdrawals from Interac ATMs are included each month.
- Maximum Interac e-Transfer per day: $3,000
- 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 $49,999 0.125% $50,000 to $99,999 0.200% $100,000 or over 0.750% Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Chequing Account
2. Account: Go Free Chequing
- Standard Fee
- Free*
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows Unlimited free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
- Maximum Interac e-Transfer per day: $3,000
- 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 $49,999 0.125% $50,000 to $99,999 0.200% $100,000 or over 0.750% - *This account is available for youth and students only.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Chequing Account
3. Account: Premium
- Standard Fee
- $25.00/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows Unlimited free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
- Maximum Interac e-Transfer per day: $3,000
- 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 $49,999 0.125% $50,000 to $99,999 0.200% $100,000 or over 0.750% - The fee is waived with a portfolio balance of $75,000 or more.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Chequing Account
4. Account: Simplify
- Standard Fee
- $14.00/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $3,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $2,500 in your account.
- This account allows Unlimited free transactions.
- 5 surcharge-free withdrawals from Interac ATMs are included each month. E-Transfers are excluded from the transaction limit and is unlimited.
- Maximum Interac e-Transfer per day: $3,000
- 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 $49,999 0.125% $50,000 to $99,999 0.200% $100,000 or over 0.750% Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Savings Accounts
Savings Account
Account: Investment Savings
- Interest Rate
- 0.00%*
- Standard Fee
- Free
- Free Transactions
- 2
- Max e-Transfer / Day
- $3,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 2 free transactions.
- Maximum Interac e-Transfer per day: $3,000
- 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 $999 0.000% $1,000 or over 0.850% 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
- Interest Rate
- 0.13%*
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $3,000
- 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: $3,000
- 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 $4,999 0.125% $5,000 to $49,999 0.250% $50,000 to $99,999 0.500% $100,000 or over 0.750% 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 | $6.81B | +9.2% | +26.3% |
| Loans | $6.14B | +12.2% | +37.0% |
| Deposits | $5.72B | +6.3% | +16.8% |
| Mortgages + HELOCs | $2.71B | +11.3% | +64.6% |
| Revenue | $201M | +24.8% | +51.1% |
| Efficiency Ratio | 68.7% | — | — |
| Members | ~180,000 | — | — |
| Branches | 31 | — | — |
| Target Members / Region | Southwestern Ontario and Central/Eastern Ontario | — | — |
Libro Credit Union Deposits, Loans and Revenue in the Past 5 Years
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Contact
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Disclaimer:
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- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.