Saskatchewan: Conexus, Affinity and Innovation credit union.Manitoba: Steinbach, Assiniboine and Cambrian credit union.British Columbia: Vancity, Coast Capital and First West credit union.Alberta: Servus, Connect First and Vision credit union.Ontario: Meridian, Desjardins Ontario Credit Union, and Alterna Savings.However, the largest credit unions in each province based on asset size are: For a complete list of credit unions, you can view our list. Given the location restrictions of credit unions, each province typically has different companies. For example, the Financial Services Regulatory Authority of Ontario (FSRA) covers eligible deposits at credit unions and caisses populaires in Ontario for up to $250,000 for non-registered accounts and offers unlimited coverage for registered accounts. Provincially regulated credit unions are not covered by CDIC deposit insurance, but there can be provincial coverage. ![]() Provincial credit unions are regulated by their home provinces. Online: Easy online banking interfaces, Apple Pay/ Google Pay functionality.In-person: National & international branches, many ATMs.Online: Typically poor online banking experience.Additional products: reverse mortgage, bridge financing, and more.Loans: Line of credit, mortgage, auto loan, personal loan.Banking: Chequing, savings, debit/credit cards.Shareholders with more invested have more influence.Board members are elected by shareholders and receive compensation.Board of directors is volunteer-run and elected democratically.Designed to create profit for shareholders.Profits are either reinvested back into the business, issued as dividends to members, or donated to local charities and community programs.A non-profit business that is owned and controlled by members.Fewer account fees and better interest rates.If you are receiving interest, such as through a savings account, chequing account, guaranteed investment certificate, RRSP, TFSA, or a term deposit, you may receive a bonus interest payment and a service charge rebate. If you are borrowing from the credit union and paying interest, such as through a mortgage, personal loan, or home equity line of credit, you may get a rebate on the interest you paid. This rebate or dividend is based on the products that you have with the credit union, and how much you have paid or received: The profit sharing that you receive can effectively lower your mortgage payments or boost your savings interest rate. Profit sharing with credit unions is in the form of dividends, which are also known as patronage rebates. This is because credit unions aren’t as incentivized to make a profit as the big banks, and even if they do, credit unions will return the profits back to the community and their members. ![]() Our robust programs put our employees and their families first.When looking at mortgage rates in Canada, you will often see credit unions offering lower mortgage rates than the Big Five Banks, or to see them offer higher savings interest rates than the banks. You will enjoy collaborative relationships, visibility into all parts of the business, and opportunities to do real, impactful work. We provide a competitive compensation package, with a thoughtful and balanced set of benefits that allow our employees to be their best selves and do great work. Join our team and earn that feeling of accomplishment by following the credit union motto of “people helping people.”ĪPL FCU offers our employees the ability to volunteer to support and give back to our greater community. Everyone at APL FCU works tirelessly to be worthy of that trust, and to create the best member experience possible. Our members entrust us with the enormous responsibility of helping them reach their financial goals. ![]() We are, first and foremost, about community. We believe that the things worth doing are rarely simple which is why APL FCU is always looking for talented, ambitious people to join our team.Ĭome join the APL Federal Credit Union Team!
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