Vermilion Credit Union
This Page's Content Was Last Updated: July 21, 2026
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Credit Union
Vermilion
Vermilion Credit Union is a credit union located in Alberta. It was founded in 1943. It primarily serves Vermilion, Mannville and and surrounding East-Central Alberta communities.
Vermilion Credit Union was incorporated in 1943 as Vermilion Savings and Credit Union in Vermilion, Alberta. In 1996, after moving into a new building, the credit union adopted its current name. A branch in Mannville opened in 2003.
Today, Vermilion Credit Union serves members in Vermilion, Mannville, and nearby communities in east central Alberta. It offers personal, agricultural, and business banking, mortgages, loans, investments, wealth management, and related financial services.
Vermilion Credit Union operates as a member owned cooperative governed by directors elected by its members. It also has a Profit Sharing program for eligible members.
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: Added Value
- Standard Fee
- $14.00/mo
- Free Transactions
- Unlimited
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions. All of these transactions can be carried out in branch.
- Vermilion Credit Union Added Value is a $14-per-month chequing account with unlimited in-branch and online transactions and free Interac e-Transfers. It includes free drafts and stop payments, plus 1 free cheque order of 48 cheques. E-statements are included at no charge, while optional paper statements cost $2 per month.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Chequing Account
2. Account: eValue
- Standard Fee
- $8.00/mo
- Free Transactions
- Unlimited
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions. Maximum 0 of these transactions can be carried out in branch.
- Vermilion Credit Union eValue is an $8-per-month chequing account with unlimited debit transactions and deposits. Credit union ATM withdrawals, automatic funds transfers, and Interac e-Transfers are free. Cheque or cash withdrawals cost $1 each, while in-branch bill payments cost $1.25. E-statements are included at no additional charge.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Savings Accounts
Savings Account
Account: Ultimate Savings
- Interest Rate
- 0.75%
- Standard Fee
- Free
- Free Transactions
- 0
- Insurance Limit
- Unlimited
Account details
- This account allows 0 free transactions.
- Vermilion Credit Union Ultimate Savings is a no-monthly-fee savings account with interest calculated on the daily closing balance and paid monthly. Debit transactions cost $5 each. Interac e-Transfers and non-credit-union ATM services are free. E-statements are included at no charge, while optional paper statements cost $2 per month.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Key Financial Metrics and Trends
| Metric | 2025 | 5-Year Change |
|---|---|---|
| Assets | $283M | N/A |
| Loans | $203M | N/A |
| Deposits | $252M | N/A |
| Loan-to-Deposit Ratio | 80.6% | — |
| Mortgages + HELOCs | $65M | N/A |
| Securities | $47M | N/A |
| Revenue | $7M | N/A |
| Efficiency Ratio | 69.5% | — |
| Target Members / Region | Vermilion, Mannville, and surrounding East-Central Alberta communities | — |
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Contact
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