Corporate Information

Unique Benefits

Credit Union members are both customer and owner. As a customer, you receive the services you want and as an owner you enjoy a return on your share investment in the form of competitive rates, value costs for premium services, and local control of your own financial institution.

Local Ownership and Control

Belonging to a credit union means that you are more than a member - you are an owner - and as an owner you get to influence the progress of your business. There is a voluntary Board of Directors that you elect with your right to vote at the Annual General Meeting. All decisions are made locally, by people who live in and understand your local community. As neighbours, living and working in the same community, EasternEdge Credit Union offers all the financial services you require with a big difference - pride in knowing all monies stay here in our own communities working for your own economic benefit. You'll enjoy a flexible approach to business and responsiveness to local concerns. All things being equal, why would you not choose a financial institution where the very ownership structure is designed to focus on, and is sensitive to, your needs?

Service to Owners

EasternEdge Credit Union has over 3400 members and total assets over $58 million. Our professionally-trained, knowledgeable employees provide personal service and attention to owners all over the province of Newfoundland and Labrador. Members can choose to transact their business electronically through TeleService, Mobile Banking, ATMs & MemberDirect Online Access.

Credit Union Potential

The ability of credit unions to return benefits to their members and their communities is in direct proportion to the support they receive from members in the community. Making EasternEdge Credit Union your primary financial services provider means higher levels of service and greater benefits and rewards to both members and the community. We see ourselves becoming part of every family in our province by establishing a relationship of trust with dependable, complete service for every financial need. Credit unions are part of a strong regional, national and international network of credit unions.

Provincial

In Newfoundland and Labrador, 51,713 residents are credit union members. There are 10 credit unions, 40 locations, and 30 credit union ATMs across this province. There are 341 credit union employees in Newfoundland and Labrador. Total assets are $965 million as of December 31, 2012.

National

Canada's 335 credit unions and affiliated caisses populaires have combined assets of over $151 billion and serve over 5.2 million members. These figures speak to the vitality and strength of the Canadian credit union movement as we enter the 21st century.

International

Internationally there are 97 credit union countries with a total of over 54,000 credit unions. These credit unions serve over 186 million people with assets totaling over $1 trillion. 

 

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