Credit Unions in Ontario
This Page's Content Was Last Updated: November 23, 2022
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Largest Credit Unions in Ontario
(More than 100,000 members)
Meridian is a Canadian credit union. It is 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: 93
- Members: 386,000
- AUM: $22,978,000,000
| Lender | Term | Rate | |
|---|---|---|---|
| 0.5-Year Fixed | 7.99% | ||
| 1-Year Fixed | 7.79% | ||
| 2-Year Fixed | 7.39% | ||
| 3-Year Fixed | 7.04% | ||
| 4-Year Fixed | 6.89% | ||
| 5-Year Fixed | 6.94% | ||
| 7-Year Fixed | 7.00% | ||
| 10-Year Fixed | 7.15% | ||
| 5-Year Variable | 7.20% | ||
* 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: 37
- Members: 155,000
- AUM: $6,584,000,000
| Lender | Term | Rate | |
|---|---|---|---|
| 1-Year Fixed | 7.24% | ||
| 2-Year Fixed | 7.14% | ||
| 3-Year Fixed | 5.84% | ||
| 4-Year Fixed | 6.19% | ||
| 5-Year Fixed | 6.04% | ||
| 3-Year Variable | 7.00% | ||
| 5-Year Variable | 6.90% | ||
* 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: 122,000
- AUM: $4,831,000,000
| Lender | Term | Rate | |
|---|---|---|---|
| 0.5-Year Fixed | 8.49% | ||
| 1-Year Fixed | 7.29% | ||
| 2-Year Fixed | 7.19% | ||
| 3-Year Fixed | 7.04% | ||
| 4-Year Fixed | 6.64% | ||
| 5-Year Fixed | 6.39% | ||
| 7-Year Fixed | 6.84% | ||
| 10-Year Fixed | 7.24% | ||
| 5-Year Variable | 7.00% | ||
* 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: 108,000
- AUM: $4,624,000,000
Other Credit Unions in Ontario
| Name | History | Branch, Members & AUM |
|---|---|---|
DUCA Credit Union | DUCA was founded in 1954. | 16 Branches, 75,000 Members and $4,647,000,000 AUM |
Libro Credit Union | Over 75 years, Libro has merged with over 43 credit unions to access many communities in southern Ontario. | 34 Branches, 108,000 Members and $4,624,000,000 AUM |
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. | 19 Branches, 52,000 Members and $2,047,000,000 AUM |
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. | 23 Branches, 73,000 Members and $1,841,000,000 AUM |
Northern Credit Union | Northern Credit Union began in 1957 as Sault Civic Employees Credit Union Limited. | 31 Branches, 77,000 Members and $1,667,000,000 AUM |
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, 25,000 Members and $1,478,000,000 AUM |
Tandia Credit Union | Tandia was formed in 2013 due to Hamilton Teachers and Prosperity One merging. | 13 Branches, 30,000 Members and $1,302,000,000 AUM |
Ukrainian Credit Union | UCU was founded in 1944 to serve the Ukrainian Canadian community. | 18 Branches, 25,000 Members and $941,000,000 AUM |
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. | 9 Branches, 20,000 Members and $916,000,000 AUM |
Mainstreet Credit Union | N/A | 12 Branches, 23,000 Members and $843,000,000 AUM |
Penfinancial Credit Union | PCU has been a Niagara-based credit union for over 60 years. | 6 Branches, 20,000 Members and $699,000,000 AUM |
Polish Credit Union | PPU was founded in 1945 by Father Stanley Puchniak, the Pastor of St. Stanislaus Parish in Toronto. | 7 Branches, 17,000 Members and $518,000,000 AUM |
Copperfin Credit Union | In November of 2008, two Kenora-based credit unions with deep community roots joined forces to become Copperfin Credit Union. | 6 Branches, 20,000 Members and $512,000,000 AUM |
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. | 7 Branches, 16,000 Members and $473,000,000 AUM |
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, 12,000 Members and $417,000,000 AUM |
Parama Credit Union | Lithuanians created Parama Credit Union in 1952. The founders immigrated to Canada after the Second World War. | 2 Branches, 7,000 Members and $398,000,000 AUM |
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. | 2 Branches, 13,000 Members and $395,000,000 AUM |
Police Credit Union (OPPA) | OPPA was founded in 1971 by a group of police officers. | 6 Branches, 13,000 Members and $348,000,000 AUM |
Your Credit Union | Your Credit Union was founded over 70 years ago. | 6 Branches, 12,000 Members and $339,000,000 AUM |
Rapport Credit Union | In 2014, Rapport was created from the resulting merger of two legacy credit unions. | 12 Branches, 18,000 Members and $312,000,000 AUM |
Momentum Credit Union | Momentum was formed in 2010 after the merger of Twin Oak and Hamilton community credit unions. | 2 Branches and $215,000,000 AUM |
Ganaraska Credit Union | GCU was founded over 75 years ago. | 3 Branches and $211,000,000 AUM |
Equity Credit Union | ECU has been serving members of Ajax since 1942. | 1 Branch and $210,000,000 AUM |
Kingston Community Credit Union (KCCU) | KCCU was formed in 1957 as the Kingston Municipal Employees Credit Union. | 2 Branches and $185,000,000 AUM |
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 and $168,000,000 AUM |
Member Savings Credit Union | MSCU was born out of the LCBO Employees' Credit Union, which was established in 1949. On December 31, 2020, MSCU merged with Alterna Savings and Credit Union. | 1 Branch and $130,000,000 AUM |
Oshawa Community Credit Union | in 1939, OCCU was established by 19 members with $16 in deposits. | 1 Branch and $125,000,000 AUM |
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, 6,000 Members and $83,000,000 AUM |
Dundalk Credit Union | DCU opened in 1943 with 20 members. | 2 Branches, 3,000 Members and $60,000,000 AUM |
Heritage Credit Union | Heritage Credit Union was established in 1948 and is one of the longest-running financial institutions in the Kootenays. | 1 Branch and $32,000,000 AUM |
Community First Credit Union | CFCU was founded in 1948 to serve Algoma steelworkers. Eventually, they merged with YNCU in 2016. | 3 Branches |
Educators Credit Union (ECU) | ECU was founded in 1972 by Waterloo Region District School Board teachers. | 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 |
Golden Horseshoe Credit Union | GHCU was created over 50 years ago to help ArcelorMittal employees reach their financial goals. | 2 Branches, 8,000 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. | 1 Branch |
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 |
The calculators and content on this page are provided for general information purposes only. WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator.