
FAQs
Here is a list of some common FAQs that members or potential members have about Luminus Financial. If there is any question we haven’t addressed, please don’t hesitate to call us at 1.877.782.7639 or email us at inquiries@luminusfinancial.com.
Is Luminus Financial limited to serve Ontario residents only?
Luminus is an open-bond credit union, which means we can serve any Ontario resident, business or organization; AND Luminus can provide deposit services for Canadian residents, businesses or organizations addressed outside of Ontario.Can I open the account online?
Yes. You can click here to become a member today.Are deposits insured with Luminus Financial?
For registered products including, LIRA, LIF, RRSP, RRIF, RESP and TFSA:Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). At Luminus Financial Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits in all registered accounts with Ontario Credit Unions have unlimited deposit insurance coverage through the Financial Services Regulatory Authority (FSRA).
For other eligible deposits:
Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA). At Luminus Financial Credit Union, eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) with Ontario Credit Unions are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).
