Talka Credit Union Limited
Hamilton, Ontario credit union rooted in the Lithuanian community.
Overview
Talka Credit Union is an Ontario credit union incorporated in 1955, rooted in Hamilton's Lithuanian community and open-bond since 2012, with one Hamilton branch and over $240 million in assets.
No-Fee Chequing Accounts
Free
Available with no minimum balance or monthly usage limits.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 3.20% |
| 3-Year GIC | 3.40% |
| 5-Year GIC | 3.60% |
Pros
- • Deposit insurance up to $250,000 per category through FSRA
- • No-fee chequing with no minimum balance or monthly transaction cap
- • 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
Ontario residents
Founded in 1955 in Hamilton's Lithuanian community, Talka Credit Union is now open to anyone living in Ontario. Membership requires a share purchase. Assets over $240 million.
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
