New Waterford 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 New Waterford Credit Union.
Read our independent New Waterford Credit Union review to compare financial metrics, chequing fees, and branch locations across Nova Scotia. As of 2026, New Waterford Credit Union ranks #130 among Canadian credit unions with $74 million in total assets.
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Credit Union
New Waterford
New Waterford Credit Union is a credit union located in Nova Scotia. It was founded in 1933. It primarily serves New Waterford and coal miners.
New Waterford Credit Union was formally organized on March 19, 1934, and opened for business on April 21, 1934, in New Waterford, Cape Breton. It was founded to serve miners and their families in a local coal mining community and was influenced by cooperative ideas associated with the Antigonish Movement.
The credit union has operated from its Plummer Avenue location since 1948. Today, New Waterford Credit Union serves members as a single branch financial cooperative offering personal and business banking, borrowing, mortgages, credit cards, investments, and related financial services.
It has a patronage rebate for eligible members. Member deposits are protected through the Nova Scotia Credit Union Deposit Insurance Corporation.
Provinces served
Number of Members (as of 2025): ~2,000
New Waterford Credit Union Ranking Among Credit Unions Monitored by WOWA
130th
by Assets
of 134 credit unions
131st
by Loans
of 133 credit unions
130th
by Deposits
of 133 credit unions
New Waterford Credit Union ranks 130th among Canadian credit unions by assets monitored by WOWA, 131st by loans, and 130th by deposits, as of December 31, 2025. You can view the complete list of Canadian credit unions here.
New Waterford Credit Union Branch Locations
Key Financial Metrics and Trends
| Metric | 2025 | 5-Year Change |
|---|---|---|
| Assets | $74M | N/A |
| Loans | $47M | N/A |
| Deposits | $64M | N/A |
| Loan-to-Deposit Ratio | 73.4% | — |
| Mortgages + HELOCs | N/A | N/A |
| Securities | $22M | N/A |
| Revenue | $3M | N/A |
| Efficiency Ratio | 78.0% | — |
| Target Members / Region | New Waterford, coal miners | — |
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