Fast facts
Meridian is Ontario’s largest credit union, and second largest in Canada, helping to grow the lives of more than 360,000 Members.
- 100-per-cent owned by its Members.
- 87 branches and 15 Business Banking Centres across Ontario.
- On-Balance Sheet Assets: $26.8 billion (as of September 30, 2024).
- Wealth Assets under Management: $4.9 billion (as of September 30, 2024).
- More than 75 years of banking history.
- 2,100+ employees at Meridian Credit Union.
- Meridian Credit Union Corporate offices in St. Catharines and Toronto.
Full range of financial products and services
- Save, borrow, invest.
- Online, mobile and telephone banking.
- Wealth management including professional advice and access to a range of investments solutions.
- Business banking services including cash management, financing and lines of credit.
- Contact Centre open seven days a week.
Products and services not available through the banks
- Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).
- Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).
- Meridian cardholders have access to over thousands of surcharge-free ATMs in North America with THE EXCHANGE® Network and the Allpoint Network in the US.
Our New Corporate Strategy “Meridian for Good”
Guided by our purpose, “helping you achieve your best life,” Meridian is an inclusive, transparent and people focused financial partner. We are a committed to helping our Members:
- Get access to the money and advice they need – all the time.
- Plan for a better future that is clean, resilient and diverse.
- Be financially confident.
Committed to investing in the communities we serve
- In 2023, Meridian supported 324 total organizations through a combination of corporate grants, community grants, and employee donation matching.
- In 2023, Meridian invested $4.5 million in community programs.
- In 2023, Meridian employees logged 4,322 volunteer hours.
- In 2023, Meridian invested $1.85 million in community partnerships.
- In 2023, Meridian committed $364,850.96 in employee donation matching and volunteer donation credits via the My Commitment to Communities program.
Subsidiaries
- Meridian OneCap Credit Corp. is one of Canada’s leading providers of commercial equipment financing for manufacturers, equipment dealers and end users. Meridian OneCap is national with regional offices and employees across Canada.
- Meridian launched Canada’s newest digital bank, motusbank, on April 2, 2019. motusbank is a full-service national digital bank offering no-fee savings and chequing accounts, loans and lines of credit, investments, mortgages, and more.