Credit Unions

Credit Unions are co-operative financial organizations offering a full range of financial services to Islanders. Each Credit Union is autonomous, operated by management appointed by its Board of Directors. On Prince Edward Island there are 10 Credit Unions, with 15 locations across the Island. Each Credit Union is part of a strong national financial system that holds more than $66 billion dollars in assets. Yet Credit Unions have local interests at heart and put service first. Credit Union members have the best of both worlds big and small.

History
Credit Unions have a long history on Prince Edward Island with the first Credit Union being established over 65 years ago, with only 15 members and assets of $30. Today they have grown to serve over 60,000 members with more than 1/2 billion dollars in assets.

Connection
All Credit Unions belong to a co-operative network that work together provincially, nationally and internationally to enhance operations and provide members with a full range of financial products and services. Through the network, Credit Unions have access to credit card services; trust services, wealth management, financial planning services and insurance services.

Innovation
While Credit Unions have long been recognized for their superior customer service and commitment to community, they have also been leaders in innovation within the financial sector, constantly striving to enhance the product and service offerings to members. This has led Credit Unions to be the forerunner in offering many new products over the years, including no fee RRSPs, open mortgages, personal line of credits and automated teller machines.

Protection
Credit Unions offer members the security of knowing their deposits are protected. All Prince Edward Island Credit Unions are members of the Credit Union Deposit Insurance Corporation.

Vision
Prince Edward Island Credit Unions are in business to enhance the financial well being of our members and to