Vermilion Credit Union
This Page's Content Was Last Updated: July 21, 2026
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's fully unlimited chequing account at $14 a month, covering unlimited transactions whether made in branch or online, with no transaction counting or overage risk. Unlike eValue, it includes free drafts and stop payments plus one free cheque order, making it the better fit for members who still bank in person.
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.
- A self-serve chequing account at $8 a month, offering unlimited debit transactions and deposits along with free credit union ATM withdrawals and automatic funds transfers. It's built around digital banking, with cheque or cash withdrawals at $1 each and in-branch bill payments at $1.25, so members who rarely visit a branch get unlimited banking at half the cost of the Added Value account.
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.
- A no-monthly-fee savings account paying Vermilion's high interest rate, calculated on your daily closing balance and paid monthly. Unusually, it includes free non-credit union ATM services, a perk none of Vermilion's other personal accounts offer, while charging $5 per debit transaction from the first one, so it's built for members saving toward future goals rather than transacting.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Credit Union Overview
| Metric | 2025 | 5-Year Change |
|---|---|---|
| Assets | $283M | N/A |
| Loans | $203M | N/A |
| Deposits | $252M | N/A |
| Mortgages + HELOCs | $65M | N/A |
| Revenue | $7M | N/A |
| Efficiency Ratio | 69.5% | — |
| Members | N/A | — |
| Branches | 2 | — |
| Target Members / Region | Vermilion, Mannville, and surrounding East-Central Alberta communities | — |
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Contact
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