Northern Credit Union
This Page's Content Was Last Updated: July 21, 2026
Credit Union
Northern
Northern Credit Union is a credit union located in Ontario. It was founded in 1957. It primarily serves Northern and Northeastern Ontario.
Northern Credit Union has served residents and businesses across Northern Ontario since 1957, when it was founded in Sault Ste. Marie as Sault Civic Employees Credit Union. Over time, it evolved from an employee based credit union into a community focused cooperative financial institution, growing through mergers with other Northern Ontario credit unions.
In 2025, Northern merged with Copperfin Credit Union under the Northern Credit Union name. It now serves communities across Northern Ontario, from the Manitoba border to the Quebec border, with personal and business banking, lending, mortgages, investments, and financial advice.
As a member owned institution, Northern focuses on local service, regional decision-making, and keeping member dollars connected to the communities, businesses, and families it serves.
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 | 4.19% | ||
| 5-Year Fixed | 4.29% | ||
* 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 | 1.70% |
| 3-Month | 2.00% |
| 6-Month | 2.30% |
| 9-Month | 2.30% |
| 1-Year | 2.90% |
| 1.5-Year | 3.30% |
| 2-Year | 3.35% |
| 3-Year | 3.50% |
| 4-Year | 3.75% |
| 5-Year | 4.00% |
* 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: Northern elite online chequing
- Standard Fee
- $9.95/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- The account fee may be waived for students and youth.
- This account allows Unlimited free transactions. Maximum 0 of these transactions can be carried out in branch.
- 10 free Interac e-Transfers are included each month.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $20,000
- 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: Northern lite chequing
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- 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: $10,000
- Maximum Interac e-Transfer per week: $20,000
- 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: Northern proud unlimited chequing
- Standard Fee
- $18.95/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- 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 $6,000 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: $10,000
- Maximum Interac e-Transfer per week: $20,000
- 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
4. Account: Northern strong chequing
- Standard Fee
- $4.00/mo
- Free Transactions
- 12
- Max e-Transfer / Day
- $10,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 12 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $20,000
- 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: GI-Savings account
- Interest Rate
- 1.05%*
- Standard Fee
- Free
- Free Transactions
- 1
- Max e-Transfer / Day
- $10,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 1 free transaction.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $20,000
- This limit may vary depending on the client profile.
*Interest Rate Breakdown by Balance
Balance amount Interest rate $0 to $24,999 1.05% $25,000 to $49,999 1.20% $50,000 to $99,999 1.30% $100,000 or over 1.45% Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Savings Account
Account: Northern superior savings
- Interest Rate
- 0.95%
- Standard Fee
- Free
- Free Transactions
- 1
- Max e-Transfer / Day
- $10,000
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 1 free transaction.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $20,000
- 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).
Credit Union Overview
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $2.63B | +37.7% | +50.8% |
| Loans | $2.27B | +36.0% | +54.6% |
| Deposits | $2.23B | +40.7% | +49.5% |
| Mortgages + HELOCs | $1.56B | +38.3% | +72.0% |
| Revenue | $85M | +66.7% | +77.1% |
| Efficiency Ratio | 67.5% | — | — |
| Members | ~83,000 | — | — |
| Branches | 29 | — | — |
| Target Members / Region | Northern and Northeastern Ontario | — | — |
Northern Credit Union Deposits, Loans and Revenue in the Past 5 Years
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Contact
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Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- 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.