Meridian Credit Union
Meridian Credit Union is a credit union located in ON. It was founded in 2005 through the merger of Niagara Credit Union and HEPCOE Credit Union.
Meridian Credit Union is Ontario’s largest credit union. It was formed in 2005 through the merger of Niagara Credit Union and HEPCOE Credit Union, with predecessor roots reaching back more than 80 years. With corporate offices in St. Catharines and Toronto, Meridian serves members across Ontario through digital banking, branches, and business banking centres.
As a member owned cooperative, Meridian offers personal, business, and wealth financial services, including chequing and savings accounts, mortgages, loans, investments, and financial planning. Its wholly owned subsidiary, Meridian OneCap Credit Corp., provides commercial equipment leasing and financing services across Canada.
Meridian has been recognized for workplace practices, including as Ontario’s largest certified living wage employer. In 2026, Meridian became the first provincial credit union approved as a Payments Canada member following expanded eligibility rules.
| Metric | 2025 | YoY Change |
|---|---|---|
| Assets | $27.3B | +3.1% |
| Loans | $23.6B | +2.1% |
| Deposits | $19.5B | +2.7% |
| Mortgages + HELOCs | $12.8B | +2.3% |
| Efficiency Ratio | 69.4% | — |
| Members | 390,000 | — |
| Branches | 87 | — |
| Target Members | — |
Mortgage Rates
| Lender | Term | Rate | |
|---|---|---|---|
| 3-Year Fixed | 4.24% | ||
| 5-Year Fixed | 4.39% | ||
| 5-Year Variable | 3.59% | ||
* 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 |
|---|---|
| 1-Year | 3.00% |
| 1.5-Year | 3.15% |
| 2-Year | 3.25% |
| 3-Year | 3.40% |
| 4-Year | 3.55% |
| 5-Year | 3.70% |
* 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. | |
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