Lakeland Credit Union Ltd.
This Page's Content Was Last Updated: July 21, 2026
Important Information
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Read our independent Lakeland Credit Union Ltd. review to compare financial metrics, chequing fees, and branch locations across Alberta. As of 2026, Lakeland Credit Union Ltd. ranks #54 among Canadian credit unions with $741 million in total assets.
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Credit Union
Lakeland
Lakeland Credit Union Ltd. is a credit union located in Alberta. It was founded in 1940. It primarily serves Bonnyville and Cold Lake.
Lakeland Credit Union traces its roots to May 7, 1940, when St. Louis Savings Credit Union was formed in the Bonnyville area of northeastern Alberta. It later operated as Caisse Populaire St. Louis Credit Union and eventually opened membership to all residents of the Bonnyville area. In 1994, the Bonnyville and Cold Lake credit unions amalgamated to create Lakeland Credit Union.
Today, Lakeland serves the Bonnyville and Cold Lake region as a member-owned financial cooperative. It offers personal and business banking, lending, mortgages, investments, and financial advice.
Lakeland’s cooperative model includes annual profit sharing with members and support for local community initiatives. Through financial literacy sessions, local giving, and employee volunteerism, it contributes to the financial well-being of the northeastern Alberta communities it serves.
Provinces served
Number of Members (as of 2025): ~11,000
Lakeland Credit Union Ltd. Ranking Among Credit Unions Monitored by WOWA
54th
by Assets
of 134 credit unions
64th
by Loans
of 133 credit unions
54th
by Deposits
of 133 credit unions
Lakeland Credit Union Ltd. ranks 54th among Canadian credit unions by assets monitored by WOWA, 64th by loans, and 54th by deposits, as of October 31, 2025. You can view the complete list of Canadian credit unions here.
Lakeland Credit Union Ltd. 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: Basic Account
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 0 free transactions.
- Debit Transaction: $0.80 Bill Payment (In Branch): $2.00 Interac e-Transfer: $1.50 ATM Withdrawal (Non-Credit Union, Canada): $2.00
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Lakeland Credit Union Ltd. Basic Account is a no-monthly-fee pay-as-you-go chequing account. Debit transactions cost $0.80 each, branch bill payments cost $2, and Interac e-Transfers cost $1.50. Free online statements are included, while paper statements with cheque images cost $2 per month. Canadian non-credit-union ATM withdrawals cost $2.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Chequing Account
2. Account: Ultra Account
- Standard Fee
- $16.00/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions. All of these transactions can be carried out in branch.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Lakeland Credit Union Ltd. Ultra Account is a $16-per-month chequing account with unlimited self-serve and in-branch transactions and free Interac e-Transfers. It includes unlimited Canadian credit union ATM use, 6 free Canadian non-credit-union ATM withdrawals, and 3 free in-branch bill payments per month. Free online statements are also included.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Savings Accounts
Savings Account
Account: Advantage Savings
- Interest Rate
- 0.60%*
- Standard Fee
- Free
- Free Transactions
- 1
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 1 free transaction.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
*Interest Rate Breakdown by Balance
Balance amount Interest rate $0.00 to $9,999 0.60% $10,000 to $99,000 0.70% $100,000 or more 0.80% - Lakeland Credit Union Ltd. Advantage Savings is a no-monthly-fee savings account with no minimum balance requirement and tiered interest based on the daily balance. Interest is paid at month-end and applies to the entire balance. The account includes 1 free transaction per month, with additional debit transactions costing $5 each.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Savings Account
Account: Platinum Savings
- Standard Fee
- Free
- Free Transactions
- 2
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 2 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- No source is available for the account’s interest rate.
- Lakeland Credit Union Ltd. Platinum Savings is a no-monthly-fee savings account with tiered interest and 2 included debit transactions per month. Additional debits cost $1 each, while in-branch bill payments cost $2 each. Free online statements are included, and deposits are fully guaranteed by Alberta's Credit Union Deposit Guarantee Corporation.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Alberta).
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $741M | +3.6% | +14.5% |
| Loans | $427M | +0.9% | -7.6% |
| Deposits | $636M | +4.4% | +16.5% |
| Loan-to-Deposit Ratio | 67.1% | — | — |
| Mortgages + HELOCs | $304M | +1.0% | +1.3% |
| Securities | $293M | +15.8% | +122.0% |
| Revenue | $16M | -5.9% | +14.3% |
| Efficiency Ratio | 90.9% | — | — |
| Target Members / Region | Bonnyville and Cold Lake | — | — |
Lakeland Credit Union Ltd. Deposits, Loans and Revenue in the Past 5 Years
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Contact
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