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Becoming a Member

ECU is a community-oriented, locally run co-operative institution. As such, we can be responsive to individual needs and provide personal, professional expertise to our members. As a shareholder and owner of Education Credit Union, you’ll receive the following benefits:

  • Low/no fee accounts and services (see our Service Fee brochure)
  • Competitive interest rates for borrowings
  • A surcharge free ATM network with over 3,300 locations in Canada
  • Free online, telephone, SMS, and mobile banking
  • New Mobile App for iOS™ and Android™
  • Free bill payments
  • Lower loan rates based upon the services you use with ECU
  • Preferred line of credit rates for members who deposit their full pay or pension on a regular basis
  • Discounted mortgage rates for all members with a wide variety of convenient payback options
  • A full suite of investment services through our Wealth Management Department
  • Income tax preparation services (seasonal)
  • Discounted Canada’s Wonderland tickets
  • Premium investment rate specials
  • Opportunity to attend and learn at ECU hosted seminars on a variety of topics
  • Age specific accounts for children, youth and seniors with no service fees
  • Foreign currency for travel

Are you convinced? Start the application online now.

Android is a trademark of Google Inc.

™iOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license.



Members who refer friends, family or coworkers will receive $25 for their referral rather than the usual $25! New members who are eligible* (see list below) will also receive $25 upon approval! Just like our usual Members with Benefits program, there is NO LIMIT to how many members you refer. Spread the word, share the wealth!

*New Members will also receive $25 if they are approved for the following:

Member Referral Rewards not applicable to our cashable GIC.

Direct Pay Promotion:

When you sign up for automatic deposit of your full pay with us, we’ll give you:

  • A free chequing account for one year
  • An automatic overdraft with a limit of $1,000*
  • A direct pay loan for up to $2,500*
  • Automatic strike/layoff benefits

Switching Your Account

Interested in switching to ECU? We’ve got you covered.

Step 1, become a member. We can start the process online or in branch.

Step 2, let’s look at what needs to be transferred and get the forms for you. We’ll help you find and fill out the right forms to make the transition as smooth as possible.

Step 3, once all of applicable forms are complete, we’ll submit them for you. We just require your signature to complete the change.

We want to make switching to the credit union as easy as 1,2,3. Your member service representative can complete the process with you over the phone or in person. That's all there is to it! If you have any questions, just give us a call, submit a form or email us.

 

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See what our members have to say...

"To the Wonderful Staff at the WRDSB credit union at University, I am not usually one to write letters to companies, but there are times when 'exceptional' should be acknowledged. My husband and I and now, our children, have banked at [ECU] for many years. We are always impressed with the incredible service we receive. Every time we come into the branch we are greeted by the friendly staff. Most of them know us by name, and those that do not, know our faces. The service is personal, quick and always, always friendly!! Recently I have become POA for my aging mother. I have had the unpleasant experience of dealing with a large Canadian Bank in solving a error made on their behalf. The problem took two weeks to fix, during which time it was very difficult to talk to anyone person to person. The frustration with automated machines, voice mail, and messages not being passed on was tedious and annoying. When the problem was solved there was no personal phone call or explanation for their error. This would never have happened at our credit union. In fact I recently dealt with the credit union for a small loan (unexpected vet bill...ugh!), the loan was in our account within hours of requesting it. Days later when a small error was made on the account on line regarding the loan, a quick phone call and within half an hour, the call was returned and the problem solved!! Unbelievable, it was that easy!! My daughter has recently become employed with the school board (yeah!), and we have been encouraging her to do all her banking, including her future mortgage with credit union, it is the only way to go!! Merry Christmas to all of you there; you are all wonderful, and very very appreciated!!!"
Sincerely, Heather H.