Meridian Credit Union

Avg. Rating: 5.0 (2 reviews)

Meridian is Ontario’s largest credit union, helping more than a quarter of a million Members grow their lives and businesses. Meridian combines exceptional Member service with a full range of products and services with full access through telephone, mobile and online electronic banking services that allow Members to securely access their money anywhere, anytime.

Meridian offers personal mortgages and small business banking products to Ontario residents only.

  • TIME IN BUSINESS: Founded in 2005
  • # OF CUSTOMERS: Over 370,000 members
  • LOANS OFFERED: Mortgages for New Purchases and Refinancing


3280 Bloor St. West, Centre Tower, 7th Floor Toronto, ON M8X 2X3
Call Center: Monday - Sunday: 8:00am - 12:00am (EST/EDT)
Support Offered:
  • Email Support
  • Call Centre
Availability: Ontario Only

Products Offered

Below are all the products offered by this company.

Mortgage Types

– Flex Line Mortgages

– Home Equity Line of Credit (HELOC)

– 6 month convertible
– 1, 2, 3, 4, 5, 7, 10 year fixed
– 5 year fixed – high ratio
– 5 year variable
– 5 year variable – high ratio

Meridian’s Mortgage Specialists can tell you more about how to get a mortgage and give you expert advice on becoming a home owner.

Find out how much you qualify for today!

Eligibility & Documents

Who is eligible

  • Ontario resident
  • Over 18 years of age
  • Purchasing a new home or refinancing

Next Steps:

  1. Create Profile
  2. Complete online application
  3. Get Pre-Approved

Repayment & Issuance

How fast can you get the money Within a few days Funding method Direct Deposit How does repayment work Monthly payments from bank account with your frequency preference (weekly, bi-weekly, etc.)

Frequently Asked Questions About Meridian Credit Union

What is Meridian Credit Union?

Meridian is the largest credit union in Ontario and the 2nd largest in Canada. It provides services to over 370,000 members and has over $23.3 billion in assets under management. Meridian offers personal, small banking and commercial banking services.

Is Meridian Credit Union Safe?

Meridian is the 2nd-largest credit union in the country, so there is no doubt about its legitimacy and safety. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 . Meridian Credit Union was founded in 2005 and has over 370,000 members. Meridian is also secured by 128-bit SSL to ensure your data is secure and never shared.

What Products and Services Does Meridian Credit Union Offer?

Meridian offers savings accounts, chequing accounts, investment services, a mortgage loan, personal loans, line of credit, and home equity line of credit. The credit union also provides banking and financing services to small businesses and corporations.

How Much Can I Borrow from Meridian Credit Union?

The amount you can borrow from the Meridian depends on a variety of factors, including your income, credit score, debt-to-income ratio, and term of the loan. You can find out more about it by submitting an application.

What Is the Interest Rate on a Meridian Credit Union Loan?

The credit union doesn't provide the rates of other loans until you apply. Rates change often, so please check Meridian's website for the latest mortgage rates that they offer.

What Is the Term Length for a Meridian Credit Union Loan?

Meridian offers all the standard loan terms for its various financing solutions.

How to Qualify for a Meridian Credit Union Loan?

Meridian offers a wide range of financial products and loans and qualification criteria varies for each loan type. You can apply for any of their loans through Meridian Credit Union's website. They'll analyze your loan requirements, along with other factors, and provide a solution accordingly.

Can I Apply Online for a Meridian Credit Union Loan?

You can apply online for most of Meridian's financing products. If you are interested in face-to-face banking, visit any of their branches or speak with their customer support over the phone.

How Fast Can I Get a Loan from Meridian Credit Union?

Loan processing and disbursement timelines vary across different lending solutions. Speak with Meridian's online support or visit a branch today to find out more.

How Will Meridian Credit Union Send Me the Loan?

Meridian supports all the standard methods for loan disbursement. You can choose a method that suits your requirements.

How Does Loan Repayment Work at Meridian Credit Union?

Meridian provides comfortable repayment terms with all of their loans. You can get flexible prepayment terms with your mortgage, including the option of increasing your regular principal payment and/or lump sum payments up to a combined 20% every year on your mortgage and even defer a single payment every year.

Which Provinces Is Meridian Credit Union Available in?

Meridian offers its services across Ontario.

What Kind of Customer Support Does Meridian Credit Union Offer?

Meridian provides email, phone, and branch support to its members.

What are Meridian Credit Union Working Hours?

You can contact Meridian Monday - Sunday: 8:00am - 12:00am (EST/EDT)

Meridian Credit Union Reviews

Avg. Rating: 5.0 (2 reviews)

Have been dealing with meridian credit union for years, very happy with the service


Their service has been top notch in recent years. Happy customer


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