Meridian Credit Union
Personal and business banking for Ontarians
Overview
Meridian Credit Union is the largest credit union in Ontario, formed in 2005 by the merger of Niagara and HEPCOE credit unions and headquartered in St. Catharines, serving over 380,000 members province-wide.
No-Fee Chequing Accounts
Free*
- Minimum balance required
Specific thresholds vary by credit union. Visit Meridian Credit Union's website for current requirements.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 3.00% |
| 3-Year GIC | 3.40% |
| 5-Year GIC | 3.70% |
Pros
- • Deposit insurance up to $250,000 per category through FSRA
- • No-fee chequing available with a minimum balance requirement
- • Excellent digital banking with a full-featured mobile app and online access
Cons
- • Fewer specialized financial products and international banking services than other institutions
Best For
Products & Accounts
Membership Eligibility
Membership targeted to Ontario residents; must become a member (details/link not provided on rates page).
The rates page references becoming a member and invites users to 'Become a Member' and to find a branch or advisor, but it does not list full membership eligibility criteria on the rates page itself.
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 Ratingexcellent
Rate and eligibility data is gathered from official credit union websites and verified comparison sources. Last researched Mar 28, 2026. Always verify rates directly on the official website before making financial decisions.
Official WebsiteRelated reading
