Why PEI Credit Unions Matter

Prince Edward Island Credit Union are unique from other financial institutions in that they are owned by islanders. They offer islanders the best of both worlds; organizational strength provided through being part of a powerful credit union network and the responsiveness of a customers-focused, community responsive financial business.

• Credit Union Firsts
• Open Mortgages
• Online Banking
• Full Service ATM Network
• Personal Lines of Credit
• Ethical Funds Investments
• Mobil Text Banking

Fast Facts

About Canadian Credit Unions

• Canada’s largest group of financial institutions, serving close to five million Canadians
• Ranked among Canada’s largest financial service providers (with combined assets in excess of $114 billion.
• Ranked number one in customer service by independent survey; ahead of all other Canadian banks and other financial institutions
• Second only to the Royal Bank in loans in the Canadian Small and Medium sized business market ($17.5 billion in commercial loans outstanding)

About Prince Edward Island Credit Unions

• Total amount of system assets $729 million
• Total number of credit unions: 10
• Total points of service: 38
• Total number of communities where a Credit Union is the only financial institution: 7
• Total number of owners: 62,000
• Amount of dividends and patronage rebates paid to our owners in 2009: $1.96 million
• PEI Credit Unions purchase products and services from Island Companies First
• Owners Equity: $47.2 million

DID you Know?

• In seven Island Communities, a Credit Union is the only financial Institution!
• All Credit Union staff have been trained to provide services to persons with hearing loss!

Our Economic Impact:

• Total Number of Islanders employed by the Credit Union System: over 210
• Total annual payroll of Credit Unions: $11.57 Million
• Total Loan portfolio: $538.3 million
• Plus mortgage portfolio: 72 million (through Credit Union partnerships )
• Plus Investment Portfolio: 65 Million (through Credit Union partnerships)
• Total financing to small businesses and our primary industries: 202 million
• Total student loans outstanding: $25.3 million to 4800 island students

Our Corporate Social Responsibility

• Over $372,000 was donated in 2009 to island communities and causes including our commitment to the Canadian Cancer Society\'s Relay For Life, Children’s Wish Foundation, Provincial Allied Youth, Vial of Life Safety Program, and Camp Gencheff just to name a few
• Credit Union staff give over 3,400 hours of volunteer time each year to community projects
  
• Over $450,000 has been distributed to Island youth through Credit Union Scholarship and bursary programs over the past 13 years