Ladysmith & District Credit Union
This Page's Content Was Last Updated: July 21, 2026
Credit Union
Ladysmith & District
Ladysmith & District Credit Union is a credit union located in British Columbia. It was founded in 1944. It primarily serves Ladysmith and Vancouver Island.
Ladysmith & District Credit Union was founded on May 18, 1944, in Ladysmith, British Columbia. It was chartered by local woodworkers and became one of the early credit unions established on Vancouver Island.
The credit union has been associated with several developments in British Columbia credit union history, including the election of a woman as president and the use of the international credit union symbol in its signage.
Today, Ladysmith & District Credit Union operates as an independent financial cooperative serving Ladysmith and the surrounding area. It offers personal and business banking, borrowing, mortgages, insurance, investment management, and related financial services.
Provinces served
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: MORE Than Chequing™
- Standard Fee
- $24.95/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.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
2. Account: Regular Chequing
- Standard Fee
- $5.95/mo
- Insurance Limit
- Unlimited
Account details
- Cheque: $1.50 Pre-Authorized Debit: $1.00 Point-of-Sale Transaction: $1.00 Point-of-Sale Transaction (U.S.): $5.00 Direct Payment: $1.00 Bill Payment: $1.00
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Accounts
Savings Account
Account: High Interest Savings
- Interest Rate
- 0.25%
- Standard Fee
- $5.95/mo
- Insurance Limit
- Unlimited
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Credit Union Overview
| Metric | 2025 | 5-Year Change |
|---|---|---|
| Assets | $354M | N/A |
| Loans | $287M | N/A |
| Deposits | $332M | N/A |
| Mortgages + HELOCs | $223M | N/A |
| Revenue | $10M | N/A |
| Efficiency Ratio | 76.4% | — |
| Members | ~5,000 | — |
| Branches | 1 | — |
| Target Members / Region | Ladysmith, Vancouver Island | — |
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Contact
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