Provincial Credit Union Limited
Member-owned banking across Prince Edward Island.
Overview
Provincial Credit Union is a member-owned Prince Edward Island credit union formed in 2021 through the amalgamation of Évangéline-Central, Malpeque Bay, Provincial and Tignish credit unions, serving members province-wide.
No-Fee Chequing Accounts
Free*
- Minimum balance required
Specific thresholds vary by credit union. Visit Provincial Credit Union Limited's website for current requirements.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 2.50% |
| 3-Year GIC | 2.85% |
| 5-Year GIC | 3.10% |
Pros
- • Deposit insurance up to $250,000 per category through PEI CUDIC
- • 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
Prince Edward Island residents
Open to PEI residents. Formed October 2021 from merger of Évangéline-Central, Malpeque Bay, Provincial and Tignish credit unions.
Deposit Protection
PEI CUDIC
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 Ratinggood
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
