Meridian launches a new subsidiary named Motusbank, a full-service digital bank that’s set to change the way Canadians handle their finances…
In a move that will further alter the banking landscape in Canada, Meridian credit union is looking to join the big five in becoming a federally chartered bank by 2018. However, all of its services will be based online rather than in brick-and-mortar locations.
Meridian has made mortgage history with a 1.49% mortgage rate for a 18-month period. How can you qualify for this rate – and how much would you save? Here’s what consumers need to know.
As of 2008, home buyers must pay a minimum of 5% on their home purchase when taking out a mortgage from a federally-regulated lender. But what about credit unions, which are run provincially, and lack many of the same regulations ruling the big banks? The truth is, zero-down mortgages still exist and are offered at some of these lenders… but is it ever a good idea to get one?
What is a credit union, and how does it differ from a traditional bank? Should you use the services of a credit union for your mortgage, savings or investing? Read on to learn more about credit unions vs banks.