Ontario Educational Credit Union Limited
A complete range of financial products for Ontario educators
Overview
Ontario Educational Credit Union is an Ontario credit union founded in 1962, open to active and retired education employees and their families across Ontario, with offices in Mississauga and Barrie.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 2.75% |
| 3-Year GIC | 3.10% |
| 5-Year GIC | 3.35% |
Pros
- • Deposit insurance up to $250,000 per category through FSRA
- • Solid digital banking with mobile app, online banking, and Interac e-Transfer
- • Surcharge-free ATM access through THE EXCHANGE Network
Cons
- • Digital banking is functional but less polished than top-tier credit unions
- • Small branch network limits in-person banking options outside the home region
Best For
Products & Accounts
Membership Eligibility
Ontario education sector employees
Membership available to Ontario education sector employees and their families.
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 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
