BCU for The Newcomers guiding every step

From first steps to feeling at home – we’re here to guide your financial journey in Canada

Become a member

We're a credit union.
What does it mean?

Credit union is

Bank services

Extra benefits

Firstly, we serve as a bank.

That means we provide the full range of services that a traditional bank has.

Chequing & savings accounts
Credit cards
Mortgage and loans
Online & mobile banking
Investment & insurance services

Then what makes us truly different?

Traditional banks are owned by distant shareholders who prioritize profits. BCU is owned by its members – people like you who bank with us. When you open an account, you’re not just a customer; you’re becoming a part-owner of a financial cooperative.

So, how do credit unions work?

Every member contributes a small amount as an ownership share. These pooled resources allow us to provide financial services, just like a bank. But instead of sending profits to external investors, we reinvest them back into the community and directly benefit our members.

Unlock perks beyond
traditional banking

Sharing success with members

You are an owner

As a member, you co-own the credit union and have voting rights on key decisions, ensuring services align with your needs.

Profits shared with you

Members benefit directly through dividends and bonuses, turning our financial success into your rewards

Over our 70+ years of serving BCU Financial has returned more than $12.6 million in profits to our members

Competitive rates, lower fees

Affordable banking

Our daily chequing accounts come with no monthly fees, saving you from unnecessary expenses while enjoying essential banking.

Favorable savings returns

Benefit from attractive interest rates on savings accounts that help grow your funds faster.

Lower borrowing rates

We offer competitive rates on loans and mortgages ensuring you pay less over time compared to traditional banks.

Browse all services rates

Commitment to community

Direct support for Ukraine

BCU Financial stands with Ukraine and other humanitarian efforts, offering aid and resources during critical times.

Celebrating heritage

By sponsoring cultural events and initiatives, we ensure the rich traditions of the community thrive for generations to come.

Empowering future generations

Through scholarships and educational support, we help nurture future leaders within the Ukrainian-Canadian community.

More about community impact

Why newcomers
choose us?

Support in Ukrainian

Our team offers personalized assistance in Ukrainian, ensuring you feel supported every step of the way.

Guidance for a strong start

We host workshops and webinars to help Ukrainians navigate banking and financial planning in Canada.

Convenient digital banking

Enjoy easy access to your accounts with our secure and user-friendly mobile and online banking services.

Simple process,
great benefits

Gather your documents

Government-issued photo identification: this could be your driver’s license, passport, or another form of government ID with your photo.
Canadian immigration documents: CUAET, visa, work permit, or study permit.
Proof of Canadian address: a lease agreement, utility bill, or a letter from your host confirming your residence.
Social Insurance Number (SIN): it’s optional, but it facilitates various financial transactions and tax purposes.

Join us by applying for an account

Online:

Visit our online platform.
Select your account type and upload required documents.
Submit your application for review.

In-person:

Book a visit at your nearest branch using our scheduler.
Bring your documents, and our expert team will guide you through the process.

Open account online Book an appointment

Start using your account

Receive your debit card and access details.
Register for BCU Link online & mobile banking to manage your finances.
Enjoy no-fee daily banking tailored to help you settle in Canada.

Need professional advice?

We are here to help with all your questions!

Get a free consultation

Questions? We got answers!

Browse more FAQs

Can I open a bank account in Canada without living in Canada?

To open an account at BCU Financial, you must be a resident of Canada and be able to provide relevant documentation supporting that (SIN, work permit, visa, proof of address and employment, etc.)

Does BCU Financial offer consultations in Ukrainian?

Yes, BCU Financial offers consultations in Ukrainian and even Polish. Our team is happy to assist you in your preferred language to ensure you get the best service possible. Feel free to reach out to us for more details or to schedule a consultation.

Does BCU Financial offer online and mobile banking services?

Yes, BCU Financial offers both online and mobile banking services. You can easily manage your accounts, make payments, transfer funds, deposit cheques, and more, all from the comfort of your home or on the go. Download our mobile app or access your accounts online for a convenient banking experience.

Browse more FAQs