Luminus Financial Services and Credit Union
This Page's Content Was Last Updated: July 21, 2026
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Credit Union
Luminus Financial Services and Credit Union
Luminus Financial Services and Credit Union is a credit union located in Ontario. It was founded in 1951. It primarily serves Toronto workplace.
Luminus Financial Services and Credit Union was founded on September 26, 1951, by Toronto Star employees as Starnews Credit Union. It was established as a workplace based financial cooperative for members connected to the newspaper and later expanded beyond its original membership group.
Over time, the credit union grew through mergers and partnerships and adopted the Luminus Financial name. Today, Luminus is headquartered in Etobicoke and serves individuals, families, and businesses across Ontario.
Luminus offers personal and business banking, borrowing, mortgages, investments, and related financial services. It operates as a member owned cooperative.
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: Infinite Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows Unlimited free transactions.
- Maximum Interac e-Transfer per week: $3,000
- This limit may vary depending on the client profile.
- Luminus Financial Infinite Chequing Account is a no-monthly-fee chequing account with no minimum balance and fee-free transactions, requiring full payroll or pension deposit. Qualifying members can receive overdraft protection based on their deposit. MEMBER CARD purchases include 120-day buyer protection and extended warranty coverage. Members age 25 and under have no payroll requirement.
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: Infinite Savings Account
- Interest Rate
- 1.50%
- Standard Fee
- Free
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- Maximum Interac e-Transfer per week: $3,000
- This limit may vary depending on the client profile.
- Luminus Financial Infinite Savings Account is a no-monthly-fee savings account with no minimum balance requirement. Interest is calculated daily on the closing balance and credited monthly. Deposits are free and can be made in branch, by mail, electronic transfer, payroll deduction, direct deposit, or credit union ATM. Registered, non-registered, and TFSA options are available.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Key Financial Metrics and Trends
| Metric | 2025 | 5-Year Change |
|---|---|---|
| Assets | $282M | N/A |
| Loans | $186M | N/A |
| Deposits | $264M | N/A |
| Loan-to-Deposit Ratio | 70.5% | — |
| Mortgages + HELOCs | $166M | N/A |
| Securities | $45M | N/A |
| Revenue | $8M | N/A |
| Efficiency Ratio | 72.5% | — |
| Target Members / Region | Toronto workplace | — |
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