Beem Credit Union
This Page's Content Was Last Updated: July 21, 2026
Important Information
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Managing $13.8 billion in total assets, Beem Credit Union stands as the #8 largest credit union in Canada. Our independent review breaks down Beem Credit Union’s consumer offerings, deposit safety under the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA, and competitive rates for British Columbia depositors and home buyers.
Jump to Section: Institution Overview•Mortgage Rates•GIC Rates•Financial Performance
Credit Union
Beem
Beem Credit Union is a credit union located in British Columbia. It was founded in 2024 through the merger of Interior Savings Credit Union and Gulf & Fraser Fishermen's Credit Union. It primarily serves Lower Mainland and Fraser Valley.
Beem Credit Union is a British Columbia–based credit union with more than eight decades of history through its founding organizations. It was formed in 2024 through the merger of Interior Savings Credit Union and Gulf & Fraser Credit Union, bringing together regional networks that operated under brands such as North Peace Savings and GFCU Savings. Beem later merged with BlueShore Financial, becoming one of British Columbia's largest provincially regulated credit unions, serving members from Metro Vancouver and the Fraser Valley through the Interior, Cariboo, and northern British Columbia. It offers personal and business banking, mortgages, investments, and wealth management, and has invested in a modernized core banking system and digital platform. Member deposits are protected, with no dollar limit, by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).
Provinces served
Number of Members (as of 2025): ~202,000
Beem Mortgage Rates
The mortgage rates on this page were last updated on September 21, 2026 at 6:15 PM ET.
| Lender | Term | Insured down payment < 20% | Insurable home < $1M & amortization ≤ 25yr |
|---|---|---|---|
| Beem Credit Union | 1-Year Fixed | 4.79% | 4.79% |
| Beem Credit Union | 2-Year Fixed | 4.39% | 4.39% |
| Beem Credit Union | 3-Year Fixed | 4.34% | 4.34% |
| Beem Credit Union | 4-Year Fixed | 4.44% | 4.44% |
| Beem Credit Union | 5-Year Fixed | 4.14% | 4.49% |
| Beem Credit Union | 7-Year Fixed | 5.00% | 5.00% |
| Beem Credit Union | 3-Year Variable | 3.90% | 3.90% |
| Beem Credit Union | 5-Year Variable | 3.75% | 3.75% |
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at any time and may be applicable only to certain borrowers. Terms and conditions apply. | |||
Understanding Beem Credit Union Mortgage Features
- Prepayment Privileges: Most credit unions in British Columbia allow members to make annual lump-sum prepayments (10%–20%) and payment increases without penalty.
- Early Termination Penalties: Breaking a fixed-rate mortgage early incurs an Interest Rate Differential (IRD) or 3 months' interest penalty. Variable mortgages typically carry a 3-month interest fee.
- Local Approval: Mortgages are underwritten locally, providing flexible solutions for self-employed buyers and unique property types.
Estimate your payments using WOWA's Mortgage Payment Calculator.
Beem GIC Rates
The GIC rates on this page were last updated on September 21, 2026 at 5:44 PM ET.
| Term | Non-Registered Rate |
|---|---|
| 1-Month | 2.00% |
| 3-Month | 2.10% |
| 6-Month | 2.40% |
| 9-Month | 2.40% |
| 1-Year | 3.15% |
| 1.5-Year | 3.15% |
| 2-Year | 3.30% |
| 3-Year | 3.45% |
| 4-Year | 3.55% |
| 5-Year | 3.65% |
* Rates are for informational purposes only and reflect the highest rates available. Rates may change at any time and may be applicable only to certain depositors. Terms and conditions apply. | |
Beem Credit Union Ranking Among Credit Unions Monitored by WOWA
8th
by Assets
of 134 credit unions
8th
by Loans
of 133 credit unions
6th
by Deposits
of 133 credit unions
Beem Credit Union ranks 8th among Canadian credit unions by assets monitored by WOWA, 8th by loans, and 6th by deposits, as of December 31, 2025. You can view the complete list of Canadian credit unions here.
Beem Credit Union Branch Locations
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: Essentials spending
- Standard Fee
- Free
- Free Transactions
- 15
- Insurance Limit
- Unlimited
Account details
- This account allows 15 free transactions.
- Interac e-Transfers count toward the monthly transaction limit. Additional Interac e-Transfers are charged at the standard per-use rate.
- Beem Credit Union Essentials Spending is a no-monthly-fee account with unlimited deposits and 15 included withdrawals per month. Interac e-Transfers count toward the monthly transaction allowance, along with other common transactions such as bill payments, debit purchases, and ATM withdrawals. Additional withdrawals cost $1 each.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
2. Account: Everyday spending
- Standard Fee
- $4.95/mo
- Free Transactions
- Unlimited
- Insurance Limit
- Unlimited
Account details
- The account fee may be waived for students and youth.
- The account fee might be waived for seniors.
- This account allows Unlimited free transactions. Maximum 10 of these transactions can be carried out in branch.
- E-Transfers are excluded from the transaction limit and is unlimited.
- Beem Credit Union Everyday Spending is a chequing account with unlimited digital transactions, including Interac e-Transfers, and 10 included staff-assisted transactions per month. Additional staff-assisted transactions cost $1 each. The account has a $4.95 monthly fee, which is waived for members under age 25 and those age 60 or older.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
3. Account: Unlimited spending
- Standard Fee
- $9.95/mo
- Free Transactions
- Unlimited
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
- Beem Credit Union Unlimited Spending is a chequing account with unlimited digital and staff-assisted transactions, including debit purchases, bill payments, Interac e-Transfers, and eligible ATM withdrawals. It also includes surcharge-free withdrawals at ding free ATMs. The account has a $9.95 monthly fee with no per-use fees for included everyday transactions.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Accounts
Savings Account
Account: Everyday savings
- Interest Rate
- 0.05%
- Standard Fee
- Free
- Free Transactions
- 5
- Insurance Limit
- Unlimited
Account details
- This account allows 5 free transactions.
- Beem Credit Union Everyday Savings is a no-monthly-fee savings account with interest calculated daily and paid monthly. It includes unlimited deposits and 5 withdrawals per month, with additional withdrawals costing $1 each. Beem’s Round-up feature can automatically transfer spare change from eligible debit purchases into the account.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Account
Account: High interest savings (HISA)
- Interest Rate
- 0.70%
- Standard Fee
- Free
- Free Transactions
- 2
- Insurance Limit
- Unlimited
Account details
- This account allows 2 free transactions.
- Beem Credit Union High Interest Savings Account is a no-monthly-fee savings account with no minimum balance requirement. Interest is calculated daily and paid monthly. The account includes unlimited deposits and 2 withdrawals per month, with additional withdrawals costing $5 each. Interac e-Transfers are not available from this account.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $13,802M | +64.2% | +187.7% |
| Loans | $11,740M | +63.9% | +183.0% |
| Deposits | $12,252M | +63.2% | +181.2% |
| Loan-to-Deposit Ratio | 95.8% | — | — |
| Mortgages + HELOCs | $8,445M | +55.8% | +184.5% |
| Securities | $1,222M | +48.5% | +128.8% |
| Revenue | $381M | +86.8% | +277.2% |
| Efficiency Ratio | 69.7% | — | — |
| Target Members / Region | Lower Mainland, Fraser Valley | — | — |
Beem Credit Union Deposits, Loans and Revenue in the Past 5 Years
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Contact
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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.