Cape Breton Credit Union Limited
A locally owned financial institution serving Cape Breton.
Overview
Cape Breton Credit Union is a member-owned credit union on Cape Breton Island, Nova Scotia, formed in 2017 through the merger of Steel Centre Credit Union and Coady Credit Union, with branches in Sydney and Glace Bay.
No-Fee Chequing Accounts
$25.00/mo
Standard monthly chequing fee. No free-tier option available at this credit union.
Other account options may be available. Visit Cape Breton Credit Union Limited's website for full pricing.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 2.55% |
| 3-Year GIC | 2.85% |
| 5-Year GIC | 3.05% |
Pros
- • Deposit insurance up to $250,000 per category through NSCUDIC
- • Solid digital banking with mobile app, online banking, and Interac e-Transfer
- • Surcharge-free ATM access through THE EXCHANGE Network
Cons
- • No no-fee chequing option, all chequing accounts carry a monthly fee
- • Digital banking is functional but less polished than top-tier credit unions
Best For
Products & Accounts
Membership Eligibility
Nova Scotia residents
Open to residents of Nova Scotia. Membership requires purchase of a membership share.
Deposit Protection
NSCUDIC
$250,000 per category
Nova Scotia Credit Union Deposit Insurance Corporation (NSCUDIC) protects deposits up to $250,000 per eligible category.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM NetworkTHE EXCHANGE Network
- Digital Ratingfair
Rate and eligibility data is gathered from official credit union websites and verified comparison sources. Always verify rates directly on the official website before making financial decisions.
Official WebsiteRelated reading
