Southwest Regional Credit Union
Member-owned credit union serving Lambton and Chatham-Kent, Ontario.
Overview
Southwest Regional Credit Union is a member-owned credit union serving Lambton and Chatham-Kent counties in Southwestern Ontario, with origins in 1939 and branches in Wyoming, Sarnia, Corunna and Wallaceburg.
No-Fee Chequing Accounts
Paid only/mo
Standard monthly chequing fee. No free-tier option available at this credit union.
Other account options may be available. Visit Southwest Regional Credit Union's website for full pricing.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 3.40% |
| 3-Year GIC | 3.50% |
| 5-Year GIC | 3.75% |
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
- • 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
Products & Accounts
Membership Eligibility
Ontario residents
Open to residents of Ontario. Membership requires purchase of a membership share.
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
