Provincial Credit Union
This Page's Content Was Last Updated: July 21, 2026
Credit Union
Provincial
Provincial Credit Union is a credit union located in Prince Edward Island. It was founded in 2021 through the merger of Évangéline-Central, Malpeque Bay and Provincial and Tignish. It primarily serves Charlottetown, Stratford, Montague and Stella Maris.
Provincial Credit Union is Prince Edward Island's largest credit union and one of the largest credit unions in Atlantic Canada. It was formed in 2021 through the amalgamation of Évangéline-Central, Malpeque Bay, Provincial, and Tignish Credit Unions. The merger brought together PEI cooperative institutions with local histories across the province.
Headquartered in Charlottetown, Provincial Credit Union serves communities across PEI with personal and business banking, lending, mortgages, investments, and financial advice. As a member owned institution, it focuses on local service, community reinvestment, and the cooperative principle that members are also owners.
Provincial has also been recognized as one of Canada's Top 100 Employers. Its work combines the local relationships of its predecessor credit unions with the scale of a province wide cooperative financial institution.
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: Core
- Standard Fee
- $4.00/mo
- Free Transactions
- 25
- 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.
Deposit Insurance
Deposits are insured by the PEI Credit Union Deposit Insurance Corporation (CUDIC).
Chequing Account
2. Account: Flex
- Standard Fee
- $14.50/mo
- Free Transactions
- Unlimited
- 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 $4,000 in your account.
- This account allows Unlimited free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
Deposit Insurance
Deposits are insured by the PEI Credit Union Deposit Insurance Corporation (CUDIC).
Savings Accounts
Savings Account
Account: Peak
- Interest Rate
- 0.55%
- Standard Fee
- Free
- Free Transactions
- 2
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 2 free transactions.
Deposit Insurance
Deposits are insured by the PEI Credit Union Deposit Insurance Corporation (CUDIC).
Savings Account
Account: Shares
- Standard Fee
- Free
- Free Transactions
- 2
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 2 free transactions.
- No source is available for the account’s interest rate.
Deposit Insurance
Deposits are insured by the PEI Credit Union Deposit Insurance Corporation (CUDIC).
Credit Union Overview
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $1.68B | +3.7% | +33.4% |
| Loans | $1.36B | +5.0% | +43.2% |
| Deposits | $1.35B | +3.8% | +41.8% |
| Mortgages + HELOCs | N/A | N/A | N/A |
| Revenue | $54M | +10.2% | +500.0% |
| Efficiency Ratio | 67.4% | — | — |
| Members | ~35,000 | — | — |
| Branches | 10 | — | — |
| Target Members / Region | Charlottetown, Stratford, Montague, Stella Maris | — | — |
Provincial Credit Union Deposits, Loans and Revenue in the Past 5 Years
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