BCU for The Newcomers guiding every step
We're a credit union.
What does it mean?
Firstly, we serve as a bank.
- 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.
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.
Why newcomers
choose us?
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.
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.
Questions? We got answers!
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.)
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.
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.
Settling in? Find solutions that grow with you
Need help? We are here to help
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