Meridian Credit Union Review 2026Apply Now Check if I Qualify ↓
Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan
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Four questions checked against Meridian Credit Union's published criteria, per product. No application started.
Meridian's mortgage door is an Ontario one: resident, of age, buying or refinancing, with pre-approval built into the online flow.
2 reviews from borrowers who used Meridian Credit Union. Each is submitted by a verified borrower and moderated for authenticity; it renders as written, positive or not, and lenders cannot remove it.
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
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.
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.
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.
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.
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.
Meridian offers all the standard loan terms for its various financing solutions.
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.
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.
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.
Meridian supports all the standard methods for loan disbursement. You can choose a method that suits your requirements.
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.
Meridian offers its services across Ontario.
Meridian provides email, phone, and branch support to its members.
You can contact Meridian Monday - Sunday: 8:00am - 12:00am (EST/EDT)
