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Credit Unions in Ontario
This Page's Content Was Last Updated: July 3, 2025
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: 87
- Members: 380,000
- Assets: $26,649,473,000
Insured
Insurable
Uninsurable
Posted
| Lender | Term | Rate | |
|---|---|---|---|
| 3-Year Fixed | 3.99% | ||
| 5-Year Fixed | 4.19% | ||
| 5-Year Variable | 4.04% | ||
* 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: 39
- Members: 206,000
- Assets: $8,076,763,000
Insured
Insurable
Uninsurable
Posted
| Lender | Term | Rate | |
|---|---|---|---|
| 6-Month Fixed | 6.79% | ||
| 1-Year Fixed | 5.39% | ||
| 2-Year Fixed | 5.09% | ||
| 3-Year Fixed | 4.09% | ||
| 4-Year Fixed | 4.54% | ||
| 5-Year Fixed | 4.14% | ||
| 3-Year Variable | 4.75% | ||
| 5-Year Variable | 4.30% | ||
* 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. Momentum Credit Union joined FirstOntario on July 31, 2024.
- Services: Everyday Banking, Mortgages, Loans, Investments, Business Services
- Branches: 29
- Members: 126,000
- Assets: $6,585,532,000
Insured
Insurable
Uninsurable
Posted
| Lender | Term | Rate | |
|---|---|---|---|
| 6-Month Fixed | 6.09% | ||
| 1-Year Fixed | 5.09% | ||
| 2-Year Fixed | 4.54% | ||
| 3-Year Fixed | 4.44% | ||
| 4-Year Fixed | 4.59% | ||
| 5-Year Fixed | 4.24% | ||
| 7-Year Fixed | 5.39% | ||
| 10-Year Fixed | 5.59% | ||
| 5-Year Variable | 4.65% | ||
* 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: 119,416
- Assets: $6,231,053,000
Other Credit Unions in Ontario
| Name | History | Branch, Members & AUM |
|---|---|---|
DUCA Credit Union | DUCA was founded in 1954. | 19 Branches, 92,000 Members and $7,547,272,000 Assets |
Libro Credit Union | Over 75 years, Libro has merged with over 43 credit unions to access many communities in southern Ontario. | 34 Branches, 119,416 Members and $6,231,053,000 Assets |
Windsor Family Credit Union | WFCU has been operational since 1941. Rapport Credit Union joined WFCU on September 1, 2024. | 24 Branches, 80,000 Members and $5,200,000,000 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. YNCU is set to merge with CFCU in the summer of 2025. | 16 Branches, 53,000 Members and $2,643,145,000 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, 55,677 Members and $2,577,729,000 Assets |
Northern Credit Union | Northern Credit Union began in 1957 as Sault Civic Employees Credit Union Limited. Copperfin Credit Union merged with it on January 1, 2025. | 29 Branches, 88,500 Members and $2,493,000,000 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. | 23 Branches, 58,035 Members and $2,315,859,000 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, 29,340 Members and $2,279,075,000 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 |
Tandia Credit Union | Tandia was formed in 2013 due to Hamilton Teachers and Prosperity One merging. | 8 Branches, 26,770 Members and $1,456,364,000 Assets |
Ukrainian Credit Union | UCU was founded in 1944 to serve the Ukrainian Canadian community. | 16 Branches, 29,000 Members and $1,316,357,000 Assets |
Mainstreet Credit Union | Mainstreet Credit Union was formed in 2014 through the merger of Unite Communities, Erie Shores, and Woodslee credit unions, combining over 75 years of cooperative banking experience. | 10 Branches, 25,000 Members and $1,119,878,931 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, 23,000 Members and $1,037,413,000 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, 18,290 Members and $939,239,608 Assets |
Penfinancial Credit Union | PCU has been a Niagara-based credit union for over 60 years. | 6 Branches, 19,202 Members and $797,175,344 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, 15,000 Members and $608,267,126 Assets |
Parama Credit Union | Lithuanians created Parama Credit Union in 1952. The founders immigrated to Canada after the Second World War. | 2 Branches, 6,000 Members and $591,595,181 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. | 2 Branches, 13,000 Members and $576,509,000 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. | 5 Branches, 17,000 Members and $537,560,000 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, 12,500 Members and $423,713,062 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 $405,140,093 Assets |
Your Credit Union | Your Credit Union was founded over 70 years ago. | 4 Branches, 10,000 Members and $393,468,000 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. | 6 Branches, 12,000 Members and $389,462,888 Assets |
Equity Credit Union | Started as Lever Brothers Credit Union over 80 years ago. | 1 Branch, 4,200 Members and $370,212,381 Assets |
Healthcare & Municipal Employees' Credit Union Limited | HMECU is over 85 years old. | 6 Branches, 11,000 Members and $329,000,000 Assets |
OPPA Credit Union | OPPA was founded in 1971 by a group of police officers. | 1 Branch, 8,000 Members and $263,661,340 Assets |
Lighthouse Credit Union | Lighthouse Credit Union, established in 2022, was created to serve the Greater Toronto Area’s Jewish community with tailored financial services and a focus on community development. | 1 Branch and $247,987,332 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 $230,755,346 Assets |
Kingston Community Credit Union (KCCU) | KCCU was formed in 1957 as the Kingston Municipal Employees Credit Union. | 3 Branches, 9,685 Members and $225,063,734 Assets |
Ganaraska Credit Union | GCU was founded over 75 years ago. | 2 Branches, 4,100 Members and $201,917,876 Assets |
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 $200,887,485 Assets |
Oshawa Community Credit Union | In 1939, OCCU was established by 19 members with $16 in deposits. | 1 Branch, 3,200 Members and $144,682,479 Assets |
The Energy Credit Union | The Energy Credit Union, founded in 1939 by Toronto Hydro employees and incorporated in 1941, was renamed The Energy Credit Union Limited in 2010. | 3 Branches, 3,800 Members and $91,929,216 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, 4,500 Members and $88,846,811 Assets |
Dundalk District Credit Union | DCU opened in 1943 with 20 members. | 1 Branch, 2,000 Members and $70,932,053 Assets |
Korean (Toronto) Credit Union | KTCU was established in the year 1976. | 1 Branch and $27,019,296 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.
- The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- 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.