Lender History:
Meridian is the second largest credit union in Canada, and the largest credit union in Ontario, with more than 365,000 members with total assets under administration of over $28.5 billion. Headquartered in St. Catharines, ON., Meridian offers banking, mortgages, wealth management, credit products and services through 88 branches, and fifteen Commercial Business Centres. It was formed on 1 April 2005 through the merger of Niagara Credit Union and HEPCOE (Hydro Electric Power Commission of Ontario Employees) Credit Union. Since 2005, Meridian completed acquisitions of 3 companies, including 2 credit unions.
Lender Niches
Meridian offers competitive mortgage solutions with aggressive rate discounts available annually. They provide strong refinance options, flexible HELOC products, and tailored rental programs for investors.
Factors to consider:
Meridian requires all documents upfront for smooth processing. During their popular rate blitz periods, response times can be slower, so they may not be the best choice for clients needing a quick turnaround. Properties must be located within a designated distance of a Meridian branch. They also offer specialized new-to-Canada programs to support recent immigrants.
Contact Information and Links for Meridian Credit Union:
Head Office Location:
Meridian Credit Union
75 Corporate Park Drive
St. Catharines, ON
L2S 3W3
