Overview
Libro Credit Union is a member-owned Southwestern Ontario credit union founded in 1951, serving Owners through 34 locations; effective January 1, 2026 it amalgamated with Kawartha Credit Union.
No-Fee Chequing Accounts
Free*
- Minimum balance required
Specific thresholds vary by credit union. Visit Libro Credit Union's website for current requirements.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 3.05% |
| 3-Year GIC | 3.25% |
| 5-Year GIC | 3.20% |
Pros
- • Deposit insurance up to $250,000 per category through FSRA
- • No-fee chequing available with a minimum balance requirement
- • Solid digital banking with mobile app, online banking, and Interac e-Transfer
Cons
- • Fewer specialized financial products and international banking services than other institutions
Best For
Products & Accounts
Membership Eligibility
Must live or work in southwestern Ontario
Membership is open to those who live, work, worship, or attend school in Libro's defined service area in southwestern Ontario (London, Windsor, Kitchener, Guelph and surrounding communities).
Deposit Protection
FSRA
Unlimited in registered accounts. $250,000 per category in non-registered.
Financial Services Regulatory Authority of Ontario (FSRA) provides unlimited protection in registered accounts and up to $250,000 per category in non-registered accounts at Ontario credit unions.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM NetworkTHE EXCHANGE Network
- Digital Ratinggood
Rate and eligibility data is gathered from official credit union websites and verified comparison sources. Last researched Mar 23, 2026. Always verify rates directly on the official website before making financial decisions.
Official WebsiteRelated reading
