Ways to Bank

Credit unions boast a rich history of innovation and continue this tradition with a variety of services.  Some of our firsts include:

  • First financial institutions to lend to women in their own names (in the 1960s)
  • First to offer daily interest savings
  • First full-service ATMs
  • First fully functional online banking
  • First debit card service
  • First registered education plans
  • First branchless bank
  • First cheque imaging service
  • First payroll deduction service for deposits and loan payments
  • First loans based on borrowers' character
  • First open mortgages
  • First home equity lines of credit
  • First social impact bond publicly launched in Canada
  • Alternative to payday lending product
 

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