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Credit Unions in Ontario
This Page's Content Was Last Updated: November 23, 2022
WOWA Simply Know Your Options
Largest Credit Unions in Ontario
(More than 100,000 members)
Meridian is a Canadian credit union insured by the Financial Services Regulatory Authority of Ontario. Meridian was formed in 2005 through the merger of Niagara Credit Union and HEPCOE Credit Union.
- Services: Everyday Banking, Mortgages, Loans, Investments, Insurance, Business Services
- Branches: 91
- Members: 391,481
- Assets: $27,543,687,000
| Lender | Term | Rate | |
|---|---|---|---|
| 0.5-Year Fixed | 7.84% | ||
| 1-Year Fixed | 7.74% | ||
| 2-Year Fixed | 7.34% | ||
| 3-Year Fixed | 4.19% | ||
| 4-Year Fixed | 6.74% | ||
| 5-Year Fixed | 4.19% | ||
| 7-Year Fixed | 7.10% | ||
| 10-Year Fixed | 7.25% | ||
| 5-Year Variable | 4.74% | ||
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at anytime and may be applicable only to certain borrowers. Terms and conditions apply. | |||
Alterna is the third-largest credit union in Ontario and one of Canada's top 10 Credit Unions. Alterna's major growth event was the April 1, 2005 merger between CS CO-OP and Metro Credit Union. The combined assets were $1.8 billion, and the merger was described as the "first of its size to be approved in Ontario history.
- Services: Everyday Banking, Mortgages, Loans, Investments, Insurance, Business Services
- Branches: 43
- Members: 183,435
- Assets: $7,976,116,000
| Lender | Term | Rate | |
|---|---|---|---|
| 1-Year Fixed | 5.89% | ||
| 2-Year Fixed | 6.14% | ||
| 3-Year Fixed | 4.79% | ||
| 4-Year Fixed | 5.29% | ||
| 5-Year Fixed | 4.49% | ||
| 3-Year Variable | 5.10% | ||
| 5-Year Variable | 4.60% | ||
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at anytime and may be applicable only to certain borrowers. Terms and conditions apply. | |||
FirstOntario is a large Ontario credit union formed by Stelco steel employees. It is now open to the public. Founded in 1939 by a group of Stelco employees.
- Services: Everyday Banking, Mortgages, Loans, Investments, Business Services
- Branches: 32
- Members: 129,093
- Assets: $6,057,525,000
| Lender | Term | Rate | |
|---|---|---|---|
| 0.5-Year Fixed | 7.59% | ||
| 1-Year Fixed | 6.04% | ||
| 2-Year Fixed | 5.54% | ||
| 3-Year Fixed | 4.94% | ||
| 4-Year Fixed | 4.99% | ||
| 5-Year Fixed | 4.79% | ||
| 7-Year Fixed | 5.59% | ||
| 10-Year Fixed | 5.99% | ||
| 5-Year Variable | 5.60% | ||
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at anytime and may be applicable only to certain borrowers. Terms and conditions apply. | |||
Libro Credit Union is a B corp certified credit union based in London, Ontario, Canada. Over 75 years, Libro has merged with over 43 credit unions to access many communities in southern Ontario.
- Services: Everyday Banking, Mortgages, Loans, Investments, Business Services
- Branches: 34
- Members: 117,124
- Assets: $5,988,820,000
Other Credit Unions in Ontario
| Name | History | Branch, Members & AUM |
|---|---|---|
DUCA Credit Union | DUCA was founded in 1954. | 19 Branches, 93,428 Members and $7,672,141,387 Assets |
Libro Credit Union | Over 75 years, Libro has merged with over 43 credit unions to access many communities in southern Ontario. | 34 Branches, 117,124 Members and $5,988,820,000 Assets |
Your Neighbourhood Credit Union (YNCU) | Today’s YNCU is the result of many mergers over the years with credit unions whose histories stretch back to the 1940s. | 18 Branches, 50,606 Members and $2,514,338,000 Assets |
Kawartha Credit Union | Kawartha Credit Union (formerly CANGECO credit union) was started in 1952 by employees of the Maintenance and Repair Department of Canadian General Electric in Peterborough. | 22 Branches, 58,123 Members and $2,203,453,047 Assets |
Northern Credit Union | Northern Credit Union began in 1957 as Sault Civic Employees Credit Union Limited. | 25 Branches, 70,373 Members and $1,828,984,047 Assets |
Kindred Credit Union | in 1964, twenty-two Waterloo County Mennonites deposited $22 in a cash box with the idea of creating a credit union to serve members of their faith community. | 8 Branches, 28,311 Members and $2,078,881,055 Assets |
Tandia Credit Union | Tandia was formed in 2013 due to Hamilton Teachers and Prosperity One merging. | 10 Branches, 27,727 Members and $1,510,923,857 Assets |
Ukrainian Credit Union | UCU was founded in 1944 to serve the Ukrainian Canadian community. | 18 Branches, 29,277 Members and $1,268,304,608 Assets |
Buduchnist Credit Union (BCU) | BCU opened in 1952 with 162 members and over $22,000 in assets. It was founded by 25 forward-thinking Ukrainians who immigrated to Canada after WWll. | 7 Branches, 17,977 Members and $1,022,867,355 Assets |
Mainstreet Credit Union | N/A | 10 Branches, 25,416 Members and $1,056,568,767 Assets |
Penfinancial Credit Union | PCU has been a Niagara-based credit union for over 60 years. | 6 Branches, 19,726 Members and $774,771,240 Assets |
St. Stanislaus-St. Casimir’s Polish Parishes Credit Union Limited | St. Stanislaus-St. Casimir’s Polish Parishes Credit Union Limited was founded in 1945 by Father Stanley Puchniak, the Pastor of St. Stanislaus Parish in Toronto. | 6 Branches, 15,122 Members and $553,181,878 Assets |
Copperfin Credit Union | In November of 2008, two Kenora-based credit unions with deep community roots joined forces to become Copperfin Credit Union. | 4 Branches, 18,076 Members and $562,059,322 Assets |
Sudbury Credit Union | Sudbury Credit Union started as Copper Cliff Community Credit Union from the vision of 24 people who came together on September 13, 1951. | 6 Branches, 14,708 Members and $562,955,022 Assets |
Pathwise Credit Union | Originally Auto Workers Credit Union (AWCU), Pathwise first opened its doors on April 2, 1938, offering savings and loan services to 29 members. | 2 Branches, 12,159 Members and $385,893,875 Assets |
Parama Credit Union | Lithuanians created Parama Credit Union in 1952. The founders immigrated to Canada after the Second World War. | 2 Branches, 6,694 Members and $569,813,503 Assets |
Motor City Credit Union | MCCU was initiated in 1938 with the creation of the Windsor Star Printers' Industrial Credit Union. It later merged with the Ford and Chrysler employees groups in 1943. | 3 Branches, 12,668 Members and $566,475,358 Assets |
OPPA Credit Union | OPPA was founded in 1971 by a group of police officers. | 6 Branches, 12,459 Members and $374,259,258 Assets |
Your Credit Union | Your Credit Union was founded over 70 years ago. | 4 Branches, 10,269 Members and $386,550,385 Assets |
Rapport Credit Union | In 2014, Rapport was created from the resulting merger of two legacy credit unions. | 10 Branches, 14,222 Members and $312,477,003 Assets |
Momentum Credit Union | Momentum was formed in 2010 after the merger of Twin Oak and Hamilton community credit unions. | 2 Branches and $155,307,955 Assets |
Ganaraska Credit Union | GCU was founded over 75 years ago. | 2 Branches and $192,209,991 Assets |
Kingston Community Credit Union (KCCU) | KCCU was formed in 1957 as the Kingston Municipal Employees Credit Union. | 3 Branches, 12,000 Members and $211,889,378 Assets |
Southwest Credit Union | SCU was founded in 1939, with its first members being individuals belonging to a small church group in Moore Township. | 4 Branches, 6,300 Members and $197,000,000 Assets |
Oshawa Community Credit Union | in 1939, OCCU was established by 19 members with $16 in deposits. | 1 Branch, 3,200 Members and $143,603,464 Assets |
Bay Credit Union | BAY Credit Union was founded in 1946 as People's Cooperative Credit Union Limited. It began its operation to serve the sizeable Finnish-speaking population of Port Arthur. | 2 Branches, 5,000 Members and $88,846,811 Assets |
Dundalk Credit Union | DCU opened in 1943 with 20 members. | 5 Branches, 2,100 Members and $67,851,761 Assets |
Educators Credit Union (ECU) | ECU was founded in 1972 by Waterloo Region District School Board teachers. It became a division of WFCU Credit Union in 2020. | 3 Branches |
Northern Birch Credit Union | The Latvian and Estonian Credit Unions merged and became Northern Birch Credit Union as of January 1, 2020. | 3 Branches and $192,342,419 Assets |
Golden Horseshoe Credit Union | GHCU was created over 50 years ago to help ArcelorMittal employees reach their financial goals. | 2 Branches, 3,200 Members |
Ontario Educational Credit Union | In 1962 a group of teachers in the Toronto Township School Board formed a Credit Union for teachers in that jurisdiction. | 2 Branches |
Windsor Family Credit Union | WFCU has been operational since 1941. | 14 Branches, 72,567 Members and $5,046,882,244 Assets |
Caisse Populaire Alliance | In 1979, the caisses of the Northern and Nipissing regions of Ontario chose to form their own association, which was renamed to L'Alliance des caisses populaires de l'Ontario limitée in 1980. | 26 Branches, 56,666 Members and $2,426,353,000 Assets |
IC Savings & Credit Union | Originally named Italian Canadian Savings & Credit Union, IC Savings & Credit Union was established in Woodbridge, ON in the year 2000. | 8 Branches, 21,572 Members and $898,011,340 Assets |
Comtech Fire Credit Union Ltd | Comtech Fire CU was formed by the amalgamation of Comtech (est. 1940 as Toronto Telephone Employees CU) and Fire Services CU (est. 1941) in 2016. | 7 Branches, 11,544 Members and $389,462,888 Assets |
Moya Financial Credit Union Limited | Formed with the merger of Krek Slovenian CU and Slovenia Parishes CU in 2016. | 2 Branches, 5,373 Members and $376,975,143 Assets |
Equity Credit Union | Started as Lever Brothers Credit Union over 80 years ago. | 1 Branch, 4,045 Members and $344,921,639 Assets |
Healthcare & Municipal Employees' Credit Union Limited | HMECU is over 85 years old. | 6 Branches, 10,807 Members and $273,947,155 Assets |
Korean (Toronto) Credit Union | KTCU was established in the year 1976. | 1 Branch and $25,199,242 Assets |
Caisse Populaire en Ontario
| Nom | Groupe | Emplacement |
|---|---|---|
| Caisse Populaire North Bay | Caisse Alliance | North Bay |
| Caisse Populaire Sturgeon Falls | Caisse Alliance | Sturgeon Falls |
| Caisse Populaire Timmins | Caisse Alliance | Timmins |
| Caisse Populaire Kapuskasing | Caisse Alliance | Kapuskasing |
| Caisse Populaire Hearst | Caisse Alliance | Hearst |
| Caisse Populaire Cornwall | Mouvement Desjardins | Cornwall |
| Caisse Populaire Hawkesbury | Mouvement Desjardins | Hawkesbury |
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.
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- 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.