Provincial Credit Union
This Page's Content Was Last Updated: July 21, 2026
Important Information
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Read our independent Provincial Credit Union review to compare financial metrics, chequing fees, and branch locations across Prince Edward Island. As of 2026, Provincial Credit Union ranks #33 among Canadian credit unions with $1.7 billion in total assets.
Quick Jump: Chequing & Savings Accounts|Financial Metrics
Credit Union
Provincial
Provincial Credit Union is a credit union located in Prince Edward Island. It was founded in 2021 through the merger of Évangéline-Central, Malpeque Bay and Provincial and Tignish. It primarily serves Charlottetown, Stratford, Montague and Stella Maris.
Provincial Credit Union is Prince Edward Island's largest credit union and one of the largest credit unions in Atlantic Canada. It was formed in 2021 through the amalgamation of Évangéline-Central, Malpeque Bay, Provincial, and Tignish Credit Unions. The merger brought together PEI cooperative institutions with local histories across the province.
Headquartered in Charlottetown, Provincial Credit Union serves communities across PEI with personal and business banking, lending, mortgages, investments, and financial advice. As a member owned institution, it focuses on local service, community reinvestment, and the cooperative principle that members are also owners.
Provincial has also been recognized as one of Canada's Top 100 Employers. Its work combines the local relationships of its predecessor credit unions with the scale of a province wide cooperative financial institution.
Provinces served
Number of Members (as of 2025): ~35,000
Provincial Credit Union Ranking Among Credit Unions Monitored by WOWA
33rd
by Assets
of 134 credit unions
34th
by Loans
of 133 credit unions
34th
by Deposits
of 133 credit unions
Provincial Credit Union ranks 33rd among Canadian credit unions by assets monitored by WOWA, 34th by loans, and 34th by deposits, as of December 31, 2025. You can view the complete list of Canadian credit unions here.
Provincial 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: Core
- Standard Fee
- $4.00/mo
- Free Transactions
- 25
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $2,000 in your account.
- This account allows 25 free transactions.
- Provincial Credit Union Core is a $4-per-month chequing account with 25 included standard transactions per month. Additional standard transactions cost $1.25 each. The monthly fee is waived by maintaining a minimum balance of $2,000 throughout the month.
Deposit Insurance
Deposits are insured by the PEI Credit Union Deposit Insurance Corporation (CUDIC).
Chequing Account
2. Account: Flex
- Standard Fee
- $14.50/mo
- Free Transactions
- Unlimited
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $4,000 in your account.
- This account allows Unlimited free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
- Provincial Credit Union Flex is a $14.50-per-month chequing account with unlimited standard transactions and Interac e-Transfers. The monthly fee is waived by maintaining a minimum balance of $4,000 throughout the month. Members age 25 and under can access the same core transaction benefits through the no-monthly-fee Youth Flex Chequing Account.
Deposit Insurance
Deposits are insured by the PEI Credit Union Deposit Insurance Corporation (CUDIC).
Savings Accounts
Savings Account
Account: Peak
- Interest Rate
- 0.55%
- Standard Fee
- Free
- Free Transactions
- 2
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 2 free transactions.
- Provincial Credit Union Peak is a no-monthly-fee savings account with interest paid monthly and no lock-in period. It includes 2 free standard transactions per month, with additional standard transactions costing $5 each. Unlimited online Me-to-Me transfers are also included, and the account is available as a TFSA.
Deposit Insurance
Deposits are insured by the PEI Credit Union Deposit Insurance Corporation (CUDIC).
Savings Account
Account: Shares
- Standard Fee
- Free
- Free Transactions
- 2
- Insurance Limit (Non-Registered)
- $250,000 per depositor
- Insurance Limit (Registered)
- Unlimited
Account details
- This account allows 2 free transactions.
- No source is available for the account’s interest rate.
- Provincial Credit Union Shares is a no-monthly-fee membership account with a $5 minimum balance. It pays annual dividends based on the credit union’s financial performance rather than monthly interest. The account includes 2 free standard transactions per month, with additional standard transactions costing $2 each.
Deposit Insurance
Deposits are insured by the PEI Credit Union Deposit Insurance Corporation (CUDIC).
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $1,677M | +3.7% | +33.4% |
| Loans | $1,355M | +5.0% | +43.2% |
| Deposits | $1,346M | +3.8% | +41.8% |
| Loan-to-Deposit Ratio | 100.7% | — | — |
| Mortgages + HELOCs | N/A | N/A | N/A |
| Securities | $264M | -1.1% | -5.4% |
| Revenue | $54M | +10.2% | +500.0% |
| Efficiency Ratio | 67.4% | — | — |
| Target Members / Region | Charlottetown, Stratford, Montague, Stella Maris | — | — |
Provincial Credit Union Deposits, Loans and Revenue in the Past 5 Years
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