TransCanada Credit Union - Why Bank with Us

Member Ownership

Unlike a bank, our Credit Union is owned by its members, and profits that are generated through its operations are returned to the members either through lower rates on loans or through higher returns on savings. All it takes is a $25 investment to benefit from Credit Union membership.

The purpose of the Common Share Policy is to maintain a prudent equity base in TransCanada Credit Union and to provide each Credit Union member with an opportunity to share in the surplus earnings of the Credit Union.

Common Shares are not guaranteed by the Credit Union Deposit Guarantee Corporation.

As a member/shareholder, you receive one vote to elect a Board of Directors, voice your opinion and vote on the affairs of the Credit Union.

We are a closed bond Credit Union exclusive to employees of TransCanada. In order to become a member/shareholder, you must meet one of the following membership criteria:

  • Employee, former employee and retirees of TransCanada.
  • Immediate family members of these employees and retirees.
  • Contractors working at TransCanada.

Should you leave the employ of TransCanada, you are still eligible to remain a member of TransCanada Credit Union...once a member, always a member.

100% Deposit Guarantee

Deposits are 100% guaranteed by the Credit Union Deposit Guarantee Corporation.

The Credit Union Deposit Guarantee Corporation guarantees the repayment of all deposits with Alberta credit unions, including accrued interest. Additionally, the Credit Union Act provides that the Government of Alberta will ensure that this obligation of the Corporation is carried out.

All deposit amounts are 100% guaranteed and include accrued interest to the date of payout. Deposit amounts include chequing and savings accounts, RRSP deposits, RRIF deposits, TFSA deposits, foreign currency deposits, and term deposits, including those with terms exceeding five years.

This means both the deposit money you put in and the interest earned is safe and secure - up to any dollar amount!

Exceptional Service

Member service is our first priority.

Our Credit Union prides itself on personal, quality, responsive service. We serve our members with respect, integrity and courtesy, with their interests foremost.

Just like a bank, we offer services all over the country. We may not have branch offices, but our personal brand of service is available to all employees, regardless of location.