Bay Credit Union
This Page's Content Was Last Updated: July 21, 2026
Important Information
WOWA.ca is an independent financial comparison platform and is not affiliated with Bay Credit Union.
Read our independent Bay Credit Union review to compare financial metrics, chequing fees, and branch locations across Ontario. As of 2026, Bay Credit Union ranks #122 among Canadian credit unions with $103 million in total assets.
Quick Jump: Financial Metrics
Credit Union
Bay
Bay Credit Union is a credit union located in Ontario. It was founded in 1946. It primarily serves Thunder Bay.
Bay Credit Union was founded in 1946 in Port Arthur, Ontario, as People's Cooperative Credit Union Limited. It was established to serve the city’s Finnish speaking community. After Port Arthur and Fort William amalgamated to form Thunder Bay in 1970, the credit union’s service area expanded, and it adopted the Bay Credit Union name in 1975.
In 2015, Bay Credit Union joined with Apple Community Credit Union, whose history included earlier workplace based credit union amalgamations in northwestern Ontario.
Today, Bay Credit Union serves members in Thunder Bay and the surrounding region. It offers personal and business banking, borrowing, mortgages, credit cards, investments, and related financial services.
Provinces served
Number of Members (as of 2025): ~5,000
Bay Credit Union Ranking Among Credit Unions Monitored by WOWA
122nd
by Assets
of 134 credit unions
118th
by Loans
of 133 credit unions
122nd
by Deposits
of 133 credit unions
Bay Credit Union ranks 122nd among Canadian credit unions by assets monitored by WOWA, 118th by loans, and 122nd by deposits, as of September 30, 2025. You can view the complete list of Canadian credit unions here.
Bay Credit Union Branch Locations
Key Financial Metrics and Trends
| Metric | 2025 | 5-Year Change |
|---|---|---|
| Assets | $103M | N/A |
| Loans | $76M | N/A |
| Deposits | $97M | N/A |
| Loan-to-Deposit Ratio | 78.4% | — |
| Mortgages + HELOCs | N/A | N/A |
| Securities | $5M | N/A |
| Revenue | $3M | N/A |
| Efficiency Ratio | 84.1% | — |
| Target Members / Region | Thunder Bay | — |
For deeper insights into all Canadian lenders, subscribe to our comprehensive Lenders Report, with plans starting at just $100 per month.
Contact
If you're from Bay Credit Union and would like to add or update information on this page, please fill out the form.
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.