Sydney Credit Union
This Page's Content Was Last Updated: July 21, 2026
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Credit Union
Sydney
Sydney Credit Union is a credit union located in Nova Scotia. It was founded in 1935. It primarily serves Sydney and Cape Breton.
Sydney Credit Union was founded on November 16, 1935, in Sydney, Nova Scotia. It was established as a local financial cooperative serving residents in the Sydney area.
The credit union later expanded through additional branches and through the purchase of assets from neighbouring credit unions, including Louisbourg Credit Union in 1993 and Main A Dieu Credit Union in 2008. In 1990, it installed the first credit union ATM in Nova Scotia.
Today, Sydney Credit Union serves members in the Cape Breton Regional Municipality. It offers personal and business banking, borrowing, mortgages, investments, and related financial services. The credit union also operates a profit sharing program and a charitable foundation.
Provinces served
Number of Members (as of 2025): ~13,000
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
- 15
- Insurance Limit
- $250,000 per category
Account details
- This account allows 15 free transactions.
- Sydney Credit Union Core is a $4-per-month chequing account for members age 25 to 58, with 15 included standard transactions per month. Unlimited banking transfers, ATM transfers, and in-branch cash withdrawals are included. Seniors age 59 and older pay $1 per month, while members age 24 and under use the free Ultra account.
Deposit Insurance
Deposits are insured by the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC). "Category" generally means separate coverage for each account type, such as individual, joint, trust, and each registered plan, though exact definitions vary slightly by province.
Chequing Account
2. Account: Ultra
- Standard Fee
- $25.00/mo
- Free Transactions
- Unlimited
- Insurance Limit
- $250,000 per category
Account details
- The account fee may be waived for students and youth.
- This account allows Unlimited free transactions.
- Sydney Credit Union Ultra is a $25-per-month chequing account for members age 25 to 58, with unlimited standard transactions including Interac e-Transfers. Online banking transfers, ATM transfers, and in-branch cash withdrawals are unlimited. Seniors age 59 and older pay $18 per month, while members age 24 and under pay no monthly fee.
Deposit Insurance
Deposits are insured by the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC). "Category" generally means separate coverage for each account type, such as individual, joint, trust, and each registered plan, though exact definitions vary slightly by province.
Savings Accounts
Savings Account
Account: Your HISA
- Interest Rate
- 0.75%
- Standard Fee
- Free
- Insurance Limit
- $250,000 per category
- Sydney Credit Union Your HISA is a no-monthly-fee high-interest savings account with no minimum balance requirement. Interest is paid monthly, with the same posted rate applying to all account balances. The account can be managed through online and mobile banking and provides access through Sydney Credit Union’s nationwide surcharge-free ATM network.
Deposit Insurance
Deposits are insured by the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC). "Category" generally means separate coverage for each account type, such as individual, joint, trust, and each registered plan, though exact definitions vary slightly by province.
Savings Account
Account: Your Savings
- Interest Rate
- 0.05%*
- Standard Fee
- Free
- Insurance Limit
- $250,000 per category
*Interest Rate Breakdown by Balance
Balance amount Interest rate $1 to $24,999 0.05% $25,000 to $99,999 0.10% $100,000 or over 0.30% - Sydney Credit Union Your Savings is a no-monthly-fee savings account with no minimum balance requirement. Interest is paid monthly and uses 3 balance tiers, with higher rates applying at $25,000 and $100,000. The account can be accessed through online banking, mobile banking, branches, and Sydney Credit Union’s surcharge-free ATM network.
Deposit Insurance
Deposits are insured by the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC). "Category" generally means separate coverage for each account type, such as individual, joint, trust, and each registered plan, though exact definitions vary slightly by province.
Key Financial Metrics and Trends
| Metric | 2025 | 5-Year Change |
|---|---|---|
| Assets | $379M | N/A |
| Loans | $290M | N/A |
| Deposits | $344M | N/A |
| Loan-to-Deposit Ratio | 84.3% | — |
| Mortgages + HELOCs | $167M | N/A |
| Securities | $63M | N/A |
| Revenue | $13M | N/A |
| Efficiency Ratio | 94.9% | — |
| Target Members / Region | Sydney, Cape Breton | — |
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