Meridian Credit Union
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Meridian Credit Union branch in Barrie, Ontario
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| Credit union | |
| Industry | Financial services |
| Founded | 2005 |
| Headquarters | St. Catharines, Ontario, Canada |
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Key people
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Bill Maurin, President & CEO |
| Products | Savings; chequing; consumer loans; mortgages; credit cards; online banking |
| Revenue | $359.7 million CAD (2015) |
| Total assets | $11.1 billion CAD (2015) |
| 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 over $14 billion. Meridian offers banking, wealth management, credit products and services through 86 branches, and eleven 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. By 2012, most of the former Desjardins branches in Ontario had been renamed to Meridian branches.
In April 2016 Meridian completed its acquisition from Scotiabank 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.
In February 2017, Meridian announced and introduced a new line of Visa credit cards, moving away from MasterCard.
On 17 August 2016, Meridian Credit Union announced it would be starting a federal chartered bank to be named Meridian Bank.
In 2017, Meridian will invest a minimum 4% of pre-tax earnings in initiatives that benefit Ontario’s communities. Meridian's sponsorships include:
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Wikipedia