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