Meridian Credit Union

Meridian Credit Union
Credit union
Industry Financial services
Founded 2005
Headquarters St. Catharines, Ontario, Canada
Key people
 Bill Maurin, President & CEO
Products Savings; chequing; consumer loans; mortgages; credit cards; online banking
Revenue $359.7 million CAD (2015) [1]
Total assets $11.1 billion CAD (2015) [1]
Website meridiancu.ca

Meridian Credit Union is a Canadian credit union. It was formed April 1, 2005, following the merger of Niagara Credit Union and HEPCOE Credit Union. It is insured by the Deposit Insurance Corporation of Ontario.

Meridian is the fourth largest credit union in Canada, and the largest credit union in Ontario, serving more than 275,000 members with total assets under administration of $11.1 billion. Meridian offers banking, wealth management, credit products and services through 76 branches, and seven Commercial Business Centres.

Meridian Credit Union was recognized as one of Canada's top 100 employers by Maclean's magazine in 2009 and 2010.

Desjardins Credit Union (the Ontario affiliate of the Desjardins Group) and Meridian’s membership voted in favour of a merger effective June 1, 2011.[2] By 2012, most of the former Desjardins branches in Ontario had been renamed to Meridian branches.[3]

In April 2016 Meridian completed its acquisition of Roynat Lease Finance, a supplier of commercial equipment leasing. Roynat Lease Finance will operate as Meridian OneCap Credit Corp., a wholly owned subsidiary of Meridian Credit Union.[4][5]

New bank

On 17 August 2016, Meridian Credit Union announced it would be starting a federal chartered bank to be named Meridian Bank.[6][7]

Sponsorships

Meridian's sponsorships include:

References

  1. 1 2 "Corporate Reports". Meridian Credit Union.
  2. ↑ Merger Website
  3. ↑ Archived October 11, 2012, at the Wayback Machine.
  4. ↑ Medeiros, Diane (29 April 2016). "Meridian Completes Acquisition of Roynat Lease Finance". St. Catharines: Meridian Credit Union. Retrieved 28 May 2016.
  5. ↑ Fraser, Don (19 April 2016). "Meridian Credit Union acquires Roynat Lease Finance". St. Catharines, Ontario: St Catherines Standard. Archived from the original on 23 August 2016. Retrieved 23 August 2016.
  6. ↑ "Meridian credit union to launch national bank". Toronto: CBC. 17 August 2016. Retrieved 22 August 2016.
  7. ↑ Shecter, Barbara (17 August 2016). "Meridian credit union seeking license for national online bank to take on Big Five". Toronto: Financial Post. Retrieved 22 August 2016.
  8. ↑ Watt, Laurie (12 June 2015). "Barrie unveils plans for outdoor city centre". Barrie: Barrie Advance. Retrieved 20 June 2015.


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