Effective August 24, 2026 the office is open by appointment only
Prime Rate Change
The Credit Union has increased our prime interest rate to 4.70% effective Thursday October 29, 2026. In our last note, we expected the next move to be a cut, and for it to come sooner than the pause the Bank of Canada (BOC) foreshadowed. The pause held, and shelter inflation did cool as we expected, but a spike in oil prices pushed headline inflation above 3%. Underlying inflation remains close to the 2% target, so we view today’s move as insurance against higher energy costs spilling into broader prices. That said, bond markets have pushed long-term yields higher, reflecting in part concerns about government fiscal policy, and we will be watching that closely. We expect the BOC to proceed carefully from here, with further increases possible but a measured path more likely than an aggressive one. In any event, your Credit Union and its friendly staff are here to help you navigate through all of these scenarios with market leading rates on your savings and loans!
Welcome to TransCanada Credit Union Ltd!
Welcome to TransCanada Credit Union Ltd!
At TransCanada Credit Union Ltd, we are dedicated to providing our customers with the best banking experience. Our team of financial experts are committed to helping you achieve your financial goals and providing you with the resources and tools you need to make informed decisions. With competitive rates and a range of products and services, we are here to help you manage your money, no matter what your needs are. Join us today and experience the difference that TransCanada Credit Union Ltd can make in your life.
2025 Profit Share Announcement
Common Share Dividend of 5.00%!
Our Board of Directors have agreed a dividend on Common Shares of 5.0% for the 2025 fiscal year!
The 2025 profit-sharing distributions were paid to member accounts 7th of January 2026.
To find out more about the way the profit share distributions are calculated, please click on the 'Find out more' button
First Home Savings Accounts
NOW AVAILABLE -Fantastic opportunity for First Time Buyers!
An FHSA is a tax-advantaged registered plan that lets you save for your first home. Your contributions reduce your taxable income (up to a lifetime maximum of $40,000), and you can withdraw the money—tax-free—for any qualifying home purchase!
You can open an FHSA if you:
- Are a Canadian resident
- Are aged 18– 71
- Are a first-time homebuyer
Contact us for more details on this excellent tax saving opportunity.
TFSA's are here!
Same great rates, just no Tax!
We are pleased to announce that we now offer TFSA's to our members. Our same great products (savings accounts and GIC's) and rates will be available, just under the tax-free shelter of a TFSA. We will be able to accept transfers of existing plans from other financial institutions and you also get the added benefit of your TFSA funds being covered by our 100% deposit guarantee!
Opening Hours
The office is open by appointment only. Staff are working remotely but are available from 830am to 4pm and in-person meetings can be scheduled at our members convenience.
Once a Member, ALWAYS a Member
We just wanted to remind you of one of our CORE values here at the Credit Union, once you become a Member, you are welcome to remain a Member for LIFE. So even if you retire or leave TransCanada, you are still eligible for the same great services and interest rates!
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100% Deposit Guarantee
Did you know that Alberta Credit Unions benefit from a 100% Deposit Guarantee with no limit!
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