Morell Credit Union Limited logo

Morell Credit Union Limited

A full-service financial institution that puts members first.

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HQ: Morell, PE
902-961-2735

Overview

Morell Credit Union is a member-owned Prince Edward Island credit union based in Morell.

Branches
1

No-Fee Chequing Accounts

$16.00/mo
Standard monthly fee

$16.00/mo

Standard monthly chequing fee. No free-tier option available at this credit union.

Other account options may be available. Visit Morell Credit Union Limited's website for full pricing.

Current Rates

Verified (Official Source)· Last checked Jul 2, 2026 (13d ago)

Rate data not yet available

Visit the official website for current rates.www.morellcreditu.com

Pros

  • • Deposit insurance up to $250,000 per category through PEI CUDIC
  • • 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

Residents of PE 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:

Prince Edward Island residents

Open to residents of Prince Edward Island. Membership requires purchase of a membership share.

Membership Share (Fee)$5 share purchase

Deposit Protection

Insuring Body

PEI CUDIC

Coverage Limit

Unlimited in registered accounts. $250,000 per category in non-registered.

PEI Credit Union Deposit Insurance Corporation (PEI CUDIC) 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 Ratingfair
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 Website