Talka Credit Union Limited
Full-service financial institution in Ontario with $200M+ in assets
Overview
No detailed description available.
Branches
1
Current Rates
Verified (Official Source)· Last checked Apr 16, 2026 (2d ago)
High Interest Savings1.25%up to
1-Year GIC3.20%
3-Year GIC3.40%
5-Year Fixed Mortgage4.60%
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 3.20% |
| 3-Year GIC | 3.40% |
| 5-Year GIC | 3.60% |
Pros
- • Solid savings rate of 1.25%
- • Competitive GIC rates (3.2% on 1-year terms)
- • Surcharge-free ATM access through THE EXCHANGE Network
Cons
- • Limited digital banking features compared to larger institutions
- • Single-branch location — limited in-person access
- • Membership restricted — not open to general public
Best For
Eligible members seeking personalized service
Products & Accounts
Chequing
Savings
GICs
RRSP
TFSA
Mortgages
Personal Loans
Membership Eligibility
StatusRestricted
Requirements:
Ontario residents
Founded in 1955 in Hamilton's Lithuanian community, Talka Credit Union is now open to anyone living in Ontario. Membership requires a share purchase. Assets over $240 million.
Membership Share (Fee)$5 share purchase
Deposit Protection
Insuring Body
FSRA
Coverage Limit
$250,000 per category
Financial Services Regulatory Authority of Ontario (FSRA) insures eligible deposits up to $250,000 per category at Ontario credit unions.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM NetworkTHE EXCHANGE Network
- Digital Ratingfair
About This Data
Rate and eligibility data is gathered from official credit union websites and verified comparison sources. Always verify rates directly on the official website before making financial decisions.
Official Website