Become an Owner

Why Chose a Credit Union?

Credit Union Membership/Ownership

With your credit union, you're a customer and an owner. A better relationship that ensures your needs always come first; giving you the power to take ownership of your financial future.

Credit unions are unique from other financial institutions in that they are not owned by shareholders; they are owned by you, the member. This difference is integral to what credit unions are; it's what sets us apart, and it's what makes us the better option for you. It means that our efforts are firmly focused on serving your needs. The result is a relationship based on a common goal, that being, your financial success.

Backed by the strength of the national system of credit unions, individual credit unions are able to offer complete money management including the expertise you need to make better decisions for your financial future. Complementing Glace Bay Central Union's services are a number of regionally and nationally based credit union-owned companies, specializing in the mortgage, trust, insurance and financial planning services. So whatever your needs, Glace Bay Central Credit Union have the expertise and resources to put you in control of your financial future.

Among Canada's Largest Financial Institutions Credit unions are as financially powerful as they are accessible.Credit unions form Canada's largest group of financial institutions serving close to five million Canadians. With combined assets in excess of $138 billion, credit unions rank among Canada's largest financial service providers. With our strength, size, dependability and the expertise to lead you through a lifetime of changing financial requirements, credit unions offer you complete money management. But always, it is our member (customer-owner) relationship that defines us.

Service Excellence!

Outstanding personal service is our top priority. Many independent research studies attest to this fact, as consumers consistently rank credit unions ahead of banks with respect to service quality. The 2011 Synovate Customer Service Index found credit unions ranked highest in:
  • Overall quality of customer service
  • Values "my" business
  • Staff service at "my" branch
  • Information handling and communications
  • Financial products and services

In addition, for more than 20 consecutive years, credit union members have rated satisfaction with their credit unions higher than customers rated their satisfaction with their banks, according to the annual American Banker/Gallup Consumer Survey. In fact, 71% of credit union members describe themselves as "very satisfied" with their credit union, compared with only 63% of customers who said the same thing about their bank.


Nova Scotia's credit unions are financially fit. We have more than $2-billion in system assets, follow strict guidelines of sound business practices and have the backing of the Nova Scotia Credit Union Deposit Insurance Corporation. When it comes to deposit insurance, Nova Scotia credit unions provide the most comprehensive deposit insurance and stabilization programs of any financial institution in Nova Scotia.

Credit Union members are covered up to $250,000 per account and, through multiple contracts, coverage on RRSPs is unlimited. For more information, visit Nova Scotia Credit Union Deposit Insurance.