Reddy Kilowatt Credit Union Limited
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 Reddy Kilowatt Credit Union Limited.
Read our independent Reddy Kilowatt Credit Union Limited review to compare financial metrics, chequing fees, and branch locations across Newfoundland and Labrador. As of 2026, Reddy Kilowatt Credit Union Limited ranks #87 among Canadian credit unions with $105 million in total assets.
Quick Jump: Financial Metrics
Credit Union
Reddy Kilowatt
Reddy Kilowatt Credit Union Limited is a credit union located in Newfoundland and Labrador. It was founded in 1956. It primarily serves Electric utility employees.
Reddy Kilowatt Credit Union was established in 1956 in Newfoundland. Its name comes from the Reddy Kilowatt mascot associated with electrical utility companies, reflecting its origins as a credit union serving workers in Newfoundland’s electrical sector.
Over time, the credit union expanded beyond its original occupational membership and became an open bond cooperative serving residents of Newfoundland and Labrador. Headquartered in Mount Pearl, it offers personal and business banking, borrowing, mortgages, investments, insurance, and related financial services.
In April 2026, members of Reddy Kilowatt Credit Union and NLCU voted to approve an amalgamation, with the institutions working toward combining their operations.
Provinces served
Reddy Kilowatt Credit Union Limited Ranking Among Credit Unions Monitored by WOWA
87th
by Assets
of 91 credit unions
85th
by Loans
of 90 credit unions
86th
by Deposits
of 90 credit unions
Reddy Kilowatt Credit Union Limited ranks 87th among Canadian credit unions by assets monitored by WOWA, 85th by loans, and 86th by deposits, as of December 31, 2024. You can view the complete list of Canadian credit unions here.
Reddy Kilowatt Credit Union Limited Branch Locations
Key Financial Metrics and Trends
| Metric | 2024 | 5-Year Change |
|---|---|---|
| Assets | $105M | N/A |
| Loans | $87M | N/A |
| Deposits | $100M | N/A |
| Loan-to-Deposit Ratio | 87.0% | — |
| Mortgages + HELOCs | $52M | N/A |
| Securities | $10M | N/A |
| Revenue | $3M | N/A |
| Efficiency Ratio | 94.4% | — |
| Target Members / Region | Electric utility employees | — |
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