Reddy Kilowatt Credit Union Limited
Member-owned credit union serving Newfoundland and Labrador.
Overview
Reddy Kilowatt Credit Union is a member-owned credit union based in Mount Pearl, Newfoundland and Labrador, offering a full range of personal and business banking; membership is open to residents of Newfoundland and Labrador.
No-Fee Chequing Accounts
Free*
- Minimum balance required
Specific thresholds vary by credit union. Visit Reddy Kilowatt Credit Union Limited's website for current requirements.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 2.50% |
| 3-Year GIC | 2.50% |
| 5-Year GIC | 2.50% |
Pros
- • Deposit insurance up to $250,000 per category through CUDGC
- • No-fee chequing available with a minimum balance requirement
- • Solid digital banking with mobile app, online banking, and Interac e-Transfer
Cons
- • Small branch network limits in-person banking options outside the home region
- • Digital banking is functional but less polished than top-tier credit unions
Best For
Products & Accounts
Membership Eligibility
Newfoundland Power employees
Membership restricted to employees of Newfoundland Power (now Newfoundland Hydro).
Deposit Protection
CUDGC
$250,000 per category
Credit Union Deposit Guarantee Corporation (CUDGC) provides $250,000 deposit protection per eligible category.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM Networkding free® ATM 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
