Luminus Financial Services and 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 Luminus Financial Services and Credit Union.
Read our independent Luminus Financial Services and Credit Union review to compare financial metrics, chequing fees, and branch locations across Ontario. As of 2026, Luminus Financial Services and Credit Union ranks #90 among Canadian credit unions with $282 million in total assets.
Quick Jump: Chequing & Savings Accounts|Financial Metrics
Credit Union
Luminus Financial Services and Credit Union
Luminus Financial Services and Credit Union is a credit union located in Ontario. It was founded in 1951. It primarily serves Toronto workplace.
Luminus Financial Services and Credit Union was founded on September 26, 1951, by Toronto Star employees as Starnews Credit Union. It was established as a workplace based financial cooperative for members connected to the newspaper and later expanded beyond its original membership group.
Over time, the credit union grew through mergers and partnerships and adopted the Luminus Financial name. Today, Luminus is headquartered in Etobicoke and serves individuals, families, and businesses across Ontario.
Luminus offers personal and business banking, borrowing, mortgages, investments, and related financial services. It operates as a member owned cooperative.
Provinces served
Luminus Financial Services and Credit Union Ranking Among Credit Unions Monitored by WOWA
90th
by Assets
of 134 credit unions
98th
by Loans
of 133 credit unions
88th
by Deposits
of 133 credit unions
Luminus Financial Services and Credit Union ranks 90th among Canadian credit unions by assets monitored by WOWA, 98th by loans, and 88th by deposits, as of December 31, 2025. You can view the complete list of Canadian credit unions here.
Luminus Financial Services and 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: Infinite Chequing Account
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows Unlimited free transactions.
- Maximum Interac e-Transfer per week: $3,000
- This limit may vary depending on the client profile.
- Luminus Financial Infinite Chequing Account is a no-monthly-fee chequing account with no minimum balance and fee-free transactions, requiring full payroll or pension deposit. Qualifying members can receive overdraft protection based on their deposit. MEMBER CARD purchases include 120-day buyer protection and extended warranty coverage. Members age 25 and under have no payroll requirement.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Savings Accounts
Savings Account
Account: Infinite Savings Account
- Interest Rate
- 1.50%
- Standard Fee
- Free
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- Maximum Interac e-Transfer per week: $3,000
- This limit may vary depending on the client profile.
- Luminus Financial Infinite Savings Account is a no-monthly-fee savings account with no minimum balance requirement. Interest is calculated daily on the closing balance and credited monthly. Deposits are free and can be made in branch, by mail, electronic transfer, payroll deduction, direct deposit, or credit union ATM. Registered, non-registered, and TFSA options are available.
Deposit Insurance
Deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA), via the Deposit Insurance Reserve Fund (DIRF).
Key Financial Metrics and Trends
| Metric | 2025 | 5-Year Change |
|---|---|---|
| Assets | $282M | N/A |
| Loans | $186M | N/A |
| Deposits | $264M | N/A |
| Loan-to-Deposit Ratio | 70.5% | — |
| Mortgages + HELOCs | $166M | N/A |
| Securities | $45M | N/A |
| Revenue | $8M | N/A |
| Efficiency Ratio | 72.5% | — |
| Target Members / Region | Toronto workplace | — |
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 Luminus Financial Services and 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.