Credit Union
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Sunshine Coast

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About company

Sunshine Coast Credit Union is a financial cooperative founded in 1941 under the name of Roberts Creek Credit Union. Through years of operation, the credit union has become a financial institution with $850 million in total assets. Sunshine Coast Credit Union offers a full range of banking products and services to over 17,500 members across the Coast.


Being on a mission to create value for its members, Sunshine Coast Credit Union offers competitively priced banking products and services.

The credit union regularly supports non-profit organizations, community programs, and charitable events.

Pros and cons

Here are the advantages of joining Sunshine Coast Credit Union:

  • Access to a range of personal and business products and services

  • Competitive rates for high-interest savings accounts and term deposits 

  • Online and mobile banking capabilities 

  • Access to over 4,000 surcharge-free ATMs

Still, there are disadvantages to keep in mind:

  • Higher mortgage rates compared to other financial institutions

  • Only three physical locations 


Sunshine Coast Credit Union offers the following personal banking products:

  • Chequing accounts with low monthly fees and a low to an unlimited number of monthly transactions included

  • Savings accounts to deposit your funds safely and earn a return at up to 1.40% interest rates

  • Credit cards with benefits like no annual fees, low rates, cash back, rewards, and no foreign transaction fees

  • Open and closed mortgages with fixed and variable rates ranging from 6.14% to 9.15% depending on the chosen term

  • Loans for different borrowing needs with pre-defined repayment terms

  • Lines of credit providing ongoing access to financing of up to an approved amount

  • Term deposits ensuring the safety of your principal investment and providing a guaranteed return at rates ranging from 0.40% to 4.50% depending on the chosen option

  • Mutual funds providing access to professionally managed portfolios of diverse investments

  • Registered Retirement Savings Plans (RRSPs) and Registered Education Savings Plans (RESPs) allowing you to grow your savings and investment income tax-free

  • Class ‘D’ Equity Shares allowing you to invest in the credit union directly

  • Insurance products like home, auto, travel, life, critical illness, and disability insurance coverage

Products for businesses are:

  • Business chequing accounts with different plans designed to meet the transactional needs of your business

  • Business savings accounts allowing you to earn interest on the extra cash your business has at a 0.50% interest rate

  • Business credit cards for entrepreneurs and their employees with benefits like o annual fees, low rates, cash back, and rewards

  • Business loans with fixed or variable rates and flexible repayment terms to finance your business expenses

  • Business lines of credit providing revolving access to an approved credit limit, with interest applied to a borrowed amount only

  • Letters of credit providing assurance of covering your financial obligations to a third party

  • Equipment financing options covering up to 75% of new equipment or 60% of used equipment cost

  • Commercial mortgages providing financing of up to 75% of the property’s value

  • Developer and construction financing options with customized terms to fit your business needs

  • Term deposits providing a 100% guarantee of your initial investment and a competitive return

  • Insurance products including business liability, business property, disability, and critical illness insurance coverages

  • Group benefits and individual health plans that can help you attract and retain employees


Personal members can reach out to Sunshine Coast Credit Union for the following services:

  • Working with an advisor to get a personalized strategy for achieving your financial goals

  • Access to the Qtrade and VirtualWealth investment platforms allowing you to buy and sell investment securities online with low trading fees

The services for businesses include:

  • Payment solutions designed to help business owners receive payments from customers, set up pre-authorized debits and direct deposits, and send money globally through wire transfers

  • Business owner financial planning services to create a customized strategy for achieving your current and long-term business goals

  • Business owner retirement planning services to get expert advice on the right investments to meet your financial goals

  • Business owner succession planning services to get a personalized plan for securing the legacy of your business.

Sunshine Coast


Who owns Sunshine Coast Credit Union?

Just like most credit unions, Sunshine Coast Credit Union is a financial cooperative owned by its members. As owners, Sunshine Coast Credit Union members have a say in an organization’s direction.

Is Sunshine Coast Credit Union legitimate?

Sunshine Coast Credit Union is a registered legal entity headquartered at 985 Gibsons Way, Gibsons, British Columbia, V0N 1V7, Canada. The LEI is: 549300RJJEFGXBD1BE74.

The credit union has been around for 81 years already.

How to become a Sunshine Coast Credit Union member?

To obtain a membership in Sunshine Coast Credit Union, select “Become a member” from the top navigation menu and proceed with an online application form. When applying, have your Social Insurance Number, BC Drivers License, and mobile phone handy. To become a member, you must purchase $25 member shares.

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For more than 80 years, Sunshine Coast Credit Union and our members have worked together to grow a healthy, strong, vibrant Coastal community for our families and our future.

With local leadership, decision making, expertise and the most branches of any financial institution on the Coast, we are fully invested in our community.

© Sunshine Coast Credit Union
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