Meridian Credit Union
This Page's Content Was Last Updated: July 21, 2026
Credit Union
Meridian
Meridian Credit Union is a credit union located in Ontario. 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.
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 | |
|---|---|---|---|
| 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
The GIC rates on this page were last updated on August 5, 2026 at 11:14 AM ET.
| Term | Rate |
|---|---|
| 1-Year | 3.00% |
| 1.5-Year | 3.15% |
| 2-Year | 3.35% |
| 3-Year | 3.50% |
| 4-Year | 3.60% |
| 5-Year | 3.75% |
* 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: Essential Chequing Package
- Standard Fee
- $3.00/mo
- Free Transactions
- 15
- Max e-Transfer / Day
- $5,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 15 free transactions. Maximum 5 of these transactions can be carried out in branch.
- Maximum Interac e-Transfer per day: $5,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Chequing Account
2. Account: Everyday Chequing Package
- Standard Fee
- $9.00/mo
- Free Transactions
- 25
- Max e-Transfer / Day
- $5,000
- 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 $2,000 in your account.
- This account allows 25 free transactions. Maximum 5 of these transactions can be carried out in branch.
- Maximum Interac e-Transfer per day: $5,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Chequing Account
3. Account: Student Chequing Package
- Standard Fee
- Free*
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows Unlimited free transactions. Maximum 5 of these transactions can be carried out in branch.
- Maximum Interac e-Transfer per day: $5,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- *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
4. Account: Unlimited Chequing Package
- Standard Fee
- $19.00/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- 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 $5,000 in your account.
- This account allows Unlimited free transactions. All of these transactions can be carried out in branch.
- Maximum Interac e-Transfer per day: $5,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Savings Accounts
Savings Account
Account: Advantage Savings Account
- Interest Rate
- 0.05%
- Standard Fee
- Free
- Free Transactions
- 1
- Max e-Transfer / Day
- $5,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 1 free transaction. Maximum 1 of these transactions can be carried out in branch.
- Maximum Interac e-Transfer per day: $5,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Available for non-registered, TFSA, RRSP, and RRIF accounts, with interest rates varying by account type.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Savings Account
Account: High Interest Savings Account (HISA)
- Interest Rate
- 0.85%
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- 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: $5,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Available for non-registered, TFSA, RRSP, and RRIF accounts, with interest rates varying by account type.
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 | $27.3B | +3.1% | +13.2% |
| Loans | $23.6B | +2.1% | +21.4% |
| Deposits | $19.5B | +2.7% | +15.1% |
| Mortgages + HELOCs | $12.8B | +2.3% | +5.8% |
| Revenue | $604M | +12.1% | +7.3% |
| Efficiency Ratio | 69.4% | — | — |
| Members | ~390,000 | — | — |
| Branches | 87 | — | — |
| Target Members / Region | — | — |
Meridian Credit Union Deposits, Loans and Revenue in the Past 5 Years
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Contact
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