Prospera Credit Union
This Page's Content Was Last Updated: July 21, 2026
⚠️It merged into Coast Capital Savings Federal Credit Union in 2026 and now operates as a regional subsidiary of it.
Credit Union
Prospera
Prospera Credit Union is a credit union located in British Columbia. It was founded in 1943. It primarily serves Southwest mainland regions of British Columbia.
Prospera Credit Union was a British Columbia based credit union with roots reaching back to 1943, when Edelweiss Credit Union was founded in Vancouver to serve the German Canadian community. Another predecessor, Fraser Valley Credit Union, was established in Abbotsford in 1949. The two merged in 2002 to form Prospera.
Prospera expanded in 2020 through its merger with Westminster Savings Credit Union, which was described at the time as the largest merger in Canadian credit union history. It served members across the Lower Mainland, Fraser Valley, and Okanagan with personal and business banking, lending, mortgages, investments, and financial advice.
In May 2026, Prospera merged with Coast Capital Savings and Sunshine Coast Credit Union to form Coast Capital Savings Federal Credit Union. Prospera continues as a regional brand within the combined federal credit union.
Provinces served
GIC Rates
The GIC rates on this page were last updated on August 5, 2026 at 11:14 AM ET.
| Term | Rate |
|---|---|
| 1-Month | 1.80% |
| 3-Month | 1.80% |
| 6-Month | 2.25% |
| 9-Month | 2.50% |
| 1-Year | 2.80% |
| 2-Year | 3.00% |
| 3-Year | 3.30% |
| 4-Year | 3.30% |
| 5-Year | 3.50% |
* 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
- $3.50/mo
- Free Transactions
- 10
- Insurance Limit
- Unlimited
Account details
- This account allows 10 free transactions.
- 2 free Interac e-Transfers are included each month.
- The Interac e-Transfer limit is $3,000 per transaction, but no information is provided on daily or weekly limits.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
2. Account: Senior
- Standard Fee
- Free*
- Free Transactions
- Unlimited
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
- The Interac e-Transfer limit is $3,000 per transaction, but no information is provided on daily or weekly limits.
- *This account is available for seniors only.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
3. Account: Unlimited
- Standard Fee
- $10.00/mo
- Free Transactions
- Unlimited
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
- The Interac e-Transfer limit is $3,000 per transaction, but no information is provided on daily or weekly limits.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
4. Account: Young Adult
- Standard Fee
- Free*
- Free Transactions
- Unlimited
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
- The Interac e-Transfer limit is $3,000 per transaction, but no information is provided on daily or weekly limits.
- *This account is available for youth and students only.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Accounts
Savings Account
Account: High growth savings account
- Interest Rate
- 0.70%
- Standard Fee
- Free
- Free Transactions
- 2
- Insurance Limit
- Unlimited
Account details
- This account allows 2 free transactions.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Account
Account: Savings account
- Interest Rate
- 0.10%
- Standard Fee
- Free
- Free Transactions
- 5
- Insurance Limit
- Unlimited
Account details
- This account allows 5 free transactions.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Credit Union Overview
| Metric | 2024 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $7.28B | -3.4% | +8.2% |
| Loans | $5.94B | -2.5% | +12.4% |
| Deposits | $6.33B | -4.6% | +8.3% |
| Mortgages + HELOCs | $3.43B | -8.3% | +11.3% |
| Revenue | $140M | +2.2% | -13.6% |
| Efficiency Ratio | 96.1% | — | — |
| Members | ~113,900 | — | — |
| Branches | 26 | — | — |
| Target Members / Region | Southwest mainland regions of British Columbia | — | — |
Prospera Credit Union Deposits, Loans and Revenue in the Past 5 Years
For deeper insights into all Canadian lenders, subscribe to our comprehensive Lenders Report, with plans starting at just $100 per month.
Contact
If you're from Prospera Credit Union and would like to add or update information on this page, please fill out the form.
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.