Lakeland Credit Union
Member-owned banking in Lakeland, Alberta.
Overview
Lakeland Credit Union is a member-owned Alberta credit union with branches in Bonnyville and Cold Lake.
Founded
1940
Members
11,000
Assets
$715 million
Branches
2
No-Fee Chequing Accounts
Verdict
Free*
To Qualify
- Minimum balance required
Specific thresholds vary by credit union. Visit Lakeland Credit Union's website for current requirements.
Current Rates
Verified (Official Source)· Last checked Jul 2, 2026 (12d ago)
High Interest Savings0.80%up to
1-Year GIC2.80%
3-Year GIC2.80%
5-Year Fixed Mortgage4.34%
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 2.80% |
| 3-Year GIC | 2.80% |
| 5-Year GIC | 2.90% |
Pros
- • Unlimited deposit insurance through CUDGC, no per-account dollar cap
- • No-fee chequing available with a minimum balance requirement
- • Solid digital banking with mobile app, online banking, and Interac e-Transfer
Cons
- • Small branch network limits in-person banking options outside the home region
Best For
Residents of AB looking for a local banking alternativeMembers wanting full-service banking with investment options
Products & Accounts
Chequing
Savings
GICs
RRSP
TFSA
RRIF
Mortgages
Personal Loans
Credit Cards
Business
Investments
Insurance
Membership Eligibility
StatusRestricted
Requirements:
Alberta residents
Open to residents of Alberta. Membership requires purchase of a membership share.
Membership Share (Fee)$5 share purchase
Deposit Protection
Insuring Body
CUDGC
Coverage Limit
Unlimited
Credit Union Deposit Guarantee Corporation (CUDGC) provides unlimited deposit protection on all deposits at Alberta credit unions.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM NetworkTHE EXCHANGE Network
- Digital Ratinggood
About This Data
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
