Meridian Credit Union is a Canadian credit union. It was formed April 1, 2005, following the merger of Niagara Credit Union and HEPCOE Credit Union. It is insured by the Deposit Insurance Corporation of Ontario.
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History
Meridian is the fourth largest credit union in Canada, and the largest credit union in Ontario, serving more than 275,000 members with total assets under administration of over $14 billion. Meridian offers banking, wealth management, credit products and services through 86 branches, and eleven Commercial Business Centres.
Desjardins Credit Union (the Ontario affiliate of the Desjardins Group) and Meridian's membership voted in favour of a merger effective June 1, 2011. By 2012, most of the former Desjardins branches in Ontario had been renamed to Meridian branches.
In April 2016 Meridian completed its acquisition from Scotiabank of Roynat Lease Finance, a supplier of commercial equipment leasing. Roynat Lease Finance will operate as Meridian OneCap Credit Corp., a wholly owned subsidiary of Meridian Credit Union.
In February 2017, Meridian announced and introduced a new line of Visa credit cards, moving away from MasterCard.
New bank
On 17 August 2016, Meridian Credit Union announced it would be starting a federal chartered bank to be named Meridian Bank.
Recognition
Meridian Credit Union was recognized as one of Canada's top 100 employers by Maclean's magazine in 2009 and 2010.
Sponsorships
In 2017, Meridian will invest a minimum 4% of pre-tax earnings in initiatives that benefit Ontario's communities. Meridian's sponsorships include:
- Outdoor city centre in Barrie, Ontario to be called Meridian Place.
- Meridian Centre, 5,300 seat arena in downtown St. Catharines, Ontario.
- Meridian is a proud sponsor of the Alzheimer Society of Ontario
Source of the article : Wikipedia
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