Meridian - Corporate – Governance & Practices

Meridian is Ontario’s largest credit union, helping to grow the lives of more than a quarter of a million Members.

100-per-cent owned by its Members
More than 70 years of banking history
90 branches and commercial banking services in 11 locations from Windsor to Ottawa
$17 billion in assets under management
More than 1,800 employees at Meridian
Meridian Credit Union Corporate offices in St. Catharines and Toronto

Save, borrow, invest
Online, mobile and telephone banking
Wealth management including professional advice and access to a range of investment solutions
Business banking services including cash management, financing and lines of credit
Contact Centre open seven days a week

Unlimited insurance for registered deposits such as RRSPs and TFSAs
Unregistered deposits insured up to $250,000
More than 3,500 surcharge free ABMs across Canada
Access to 500,000 ABMs and more than three million point-of-sale terminals in the United States through the Accel network

Many decisions on mortgages, loans, small business financing are made on the spot in the branch, by employees who know you.
We look for ways to save you money and anticipate things before they become an issue, like our blend and extend mortgage feature, which results in reduced mortgage payments for the Member with more of the payments going towards the principal of the mortgage. Best of all, Meridian doesn’t charge any breakage or admin fees.
Unbiased investment advice and arm’s-length investment products

Meridian invests at least 4-per-cent of our profits in community programs and partnerships through Meridian’s Commitment to Communities.

March 2016 – First Canadian Financial Institution to offer Sweep, an automatic cash flow management service to help Canadians save while also keeping funds in their account for payments
April 2015 – Offered the lowest mortgage rate in Canadian history with 1.49% for 18-months
April 2013 – One of the first Canadian Financial Institutions to offer Deposit
Anywhere, allowing Members to deposit cheques using a SmartPhone
April 2011 – First Canadian Financial Institution’s ‘no-bounce’ service where
Members are contacted if there is not enough funds in their accounts to cover payments

Purchased Roynat Lease Finance, a leading supplier of customized commercial equipment leasing solutions, which began operations as Meridian OneCap Credit Corp. on April 29, 2016, with assets of $1.43 billion and 93 employees.
Applied for a national banking licence in 2016, with plans to open a national bank by 2018