Prospera Credit Union
This Page's Content Was Last Updated: July 21, 2026
Important Information
WOWA.ca is a third-party rate aggregator and directory. We are not directly affiliated with Prospera Credit Union.
⚠️It merged into Coast Capital Savings Federal Credit Union in 2026 and now operates as a regional subsidiary of it.
Managing $7.3 billion in total assets, Prospera Credit Union stands as the #14 largest credit union in Canada. Our independent review breaks down Prospera 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•GIC Rates•Financial Performance
Credit Union
Prospera
Prospera Credit Union is a credit union located in British Columbia. It was founded in 1943. It primarily serves Southwest mainland regions of British Columbia.
Prospera Credit Union was a British Columbia based credit union with roots reaching back to 1943, when Edelweiss Credit Union was founded in Vancouver to serve the German Canadian community. Another predecessor, Fraser Valley Credit Union, was established in Abbotsford in 1949. The two merged in 2002 to form Prospera.
Prospera expanded in 2020 through its merger with Westminster Savings Credit Union, which was described at the time as the largest merger in Canadian credit union history. It served members across the Lower Mainland, Fraser Valley, and Okanagan with personal and business banking, lending, mortgages, investments, and financial advice.
In May 2026, Prospera merged with Coast Capital Savings and Sunshine Coast Credit Union to form Coast Capital Savings Federal Credit Union. Prospera continues as a regional brand within the combined federal credit union.
Provinces served
Prospera GIC Rates
The GIC rates on this page were last updated on September 21, 2026 at 5:44 PM ET.
| Term | Non-Registered Rate | Registered Rate |
|---|---|---|
| 1-Month | 1.80% | 1.80% |
| 3-Month | 1.80% | 1.80% |
| 6-Month | 2.25% | 2.25% |
| 9-Month | 2.50% | 2.50% |
| 1-Year | 3.10% | 3.10% |
| 2-Year | 3.50% | 3.50% |
| 3-Year | 3.50% | 3.50% |
| 4-Year | 3.60% | 3.60% |
| 5-Year | 3.80% | 3.80% |
* 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. | ||
Prospera Credit Union Ranking Among Credit Unions Monitored by WOWA
14th
by Assets
of 91 credit unions
14th
by Loans
of 90 credit unions
11th
by Deposits
of 90 credit unions
Prospera Credit Union ranks 14th among Canadian credit unions by assets monitored by WOWA, 14th by loans, and 11th by deposits, as of December 31, 2024. You can view the complete list of Canadian credit unions here.
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
- Standard Fee
- $3.50/mo
- Free Transactions
- 10
- Insurance Limit
- Unlimited
Account details
- This account allows 10 free transactions.
- 2 free Interac e-Transfers are included each month.
- The Interac e-Transfer limit is $3,000 per transaction, but no information is provided on daily or weekly limits.
- Prospera Personal Essential Account is a $3.50-per-month chequing account with 10 included transactions and 2 free Interac e-Transfers per month. It also includes free electronic transfers and electronic statements with cheque images. Most additional transactions cost $0.75 each, while additional Interac e-Transfers 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: Senior
- Standard Fee
- Free*
- 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.
- The Interac e-Transfer limit is $3,000 per transaction, but no information is provided on daily or weekly limits.
- *This account is available for seniors only.
- Prospera Senior is a no-monthly-fee chequing account for members age 59 and over. It includes unlimited electronic transactions and unlimited Interac e-Transfers, along with free electronic statements that include cheque images. Canadian credit union ATM withdrawals are also included at no additional Prospera transaction fee.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
3. Account: Unlimited
- Standard Fee
- $10.00/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.
- The Interac e-Transfer limit is $3,000 per transaction, but no information is provided on daily or weekly limits.
- Prospera Unlimited is a $10-per-month chequing account with unlimited monthly transactions and unlimited free Interac e-Transfers. Included transactions cover everyday banking activities such as debit purchases, bill payments, electronic transfers, pre-authorized debits, and eligible credit union ATM withdrawals.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
4. Account: Young Adult
- Standard Fee
- Free*
- 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.
- The Interac e-Transfer limit is $3,000 per transaction, but no information is provided on daily or weekly limits.
- *This account is available for youth and students only.
- Prospera Young Adult is a no-monthly-fee chequing account for members age 25 and under. It includes unlimited electronic transactions and unlimited Interac e-Transfers, along with free electronic statements that include cheque images. The Young Adult account benefits remain available at no charge until the member turns 26.
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 growth savings account
- Interest Rate
- 0.70%
- Standard Fee
- Free
- Free Transactions
- 2
- Insurance Limit
- Unlimited
Account details
- This account allows 2 free transactions.
- Prospera High Growth Savings Account is a no-monthly-fee savings account with interest calculated daily and applied monthly. It includes 2 free transactions per month and free self-serve online transfers to other Prospera accounts. Interac e-Transfers are excluded from the monthly transaction allowance and cost $5 each.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Account
Account: Personal savings account
- Interest Rate
- 0.10%
- Standard Fee
- Free
- Free Transactions
- 5
- Insurance Limit
- Unlimited
Account details
- This account allows 5 free transactions.
- Prospera Personal Savings Account is a no-monthly-fee savings account with 5 included transactions per month. Interest is calculated daily and paid monthly. Additional withdrawals, in-branch transfers, pre-authorized debits, debit purchases, and bill payments cost $1 each, while Interac e-Transfers are charged separately at $1 each.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Account
Account: Savings account
- Interest Rate
- 0.10%
- Standard Fee
- Free
- Free Transactions
- 5
- Insurance Limit
- Unlimited
Account details
- This account allows 5 free transactions.
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 | 2024 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $7,276M | -3.4% | +8.2% |
| Loans | $5,942M | -2.5% | +12.4% |
| Deposits | $6,329M | -4.6% | +8.3% |
| Loan-to-Deposit Ratio | 93.9% | — | — |
| Mortgages + HELOCs | $3,425M | -8.3% | +11.3% |
| Securities | $786M | +3.3% | -5.9% |
| Revenue | $140M | +2.2% | -13.6% |
| Efficiency Ratio | 96.1% | — | — |
| Target Members / Region | Southwest mainland regions of British Columbia | — | — |
Prospera Credit Union Deposits, Loans and Revenue in the Past 5 Years
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Contact
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- 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.