Sydney Credit Union
This Page's Content Was Last Updated: July 21, 2026
Credit Union
Sydney
Sydney Credit Union is a credit union located in Nova Scotia. It was founded in 1935. It primarily serves Sydney and Cape Breton.
Sydney Credit Union was founded on November 16, 1935, in Sydney, Nova Scotia. It was established as a local financial cooperative serving residents in the Sydney area.
The credit union later expanded through additional branches and through the purchase of assets from neighbouring credit unions, including Louisbourg Credit Union in 1993 and Main A Dieu Credit Union in 2008. In 1990, it installed the first credit union ATM in Nova Scotia.
Today, Sydney Credit Union serves members in the Cape Breton Regional Municipality. It offers personal and business banking, borrowing, mortgages, investments, and related financial services. The credit union also operates a profit sharing program and a charitable foundation.
Provinces served
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
- 15
- Insurance Limit
- $250,000 per category
Account details
- This account allows 15 free transactions.
Deposit Insurance
Deposits are insured by the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC). "Category" generally means separate coverage for each account type, such as individual, joint, trust, and each registered plan, though exact definitions vary slightly by province.
Chequing Account
2. Account: Ultra
- Standard Fee
- $25.00/mo
- Free Transactions
- Unlimited
- Insurance Limit
- $250,000 per category
Account details
- The account fee may be waived for students and youth.
- This account allows Unlimited free transactions.
Deposit Insurance
Deposits are insured by the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC). "Category" generally means separate coverage for each account type, such as individual, joint, trust, and each registered plan, though exact definitions vary slightly by province.
Savings Accounts
Savings Account
Account: Your Savings
- Interest Rate
- 0.05%*
- Standard Fee
- Free
- Insurance Limit
- $250,000 per category
*Interest Rate Breakdown by Balance
Balance amount Interest rate $1 to $24,999 0.05% $25,000 to $99,999 0.10% $100,000 or over 0.30% Deposit Insurance
Deposits are insured by the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC). "Category" generally means separate coverage for each account type, such as individual, joint, trust, and each registered plan, though exact definitions vary slightly by province.
Credit Union Overview
| Metric | 2025 | 5-Year Change |
|---|---|---|
| Assets | $379M | N/A |
| Loans | $290M | N/A |
| Deposits | $344M | N/A |
| Mortgages + HELOCs | $167M | N/A |
| Revenue | $13M | N/A |
| Efficiency Ratio | 94.9% | — |
| Members | ~13,000 | — |
| Branches | 4 | — |
| Target Members / Region | Sydney, Cape Breton | — |
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Contact
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