What is Co-operative Banking?

Like traditional financial institutions, co-operative banking at a credit union offers you all the products, services, and security you need to successfully manage your banking life. Co-operative banking, however, is based on the idea that profits should have a higher purpose. They should be returned to members in the form of great rates and better service. Not only that—co-operative banking believes that profits should benefit the greater community.

Luminus Financial is a proud participant in the Ontario Awareness Campaign to promote credit unions as an alternative form of banking.

Together with credit unions from across Ontario, Luminus Financial has dedicated its resources to promote co-operative banking and communicate its benefits to Ontarians. These benefits include:

  • financial freedom for members, who are also owners of their credit unions
  • banking profits with a higher purpose (profits are reinvested back into the communities)
  • banking services that are customized to members’ needs rather than focused on what can be sold to them, and
  • localized decision making

For more information about Co-operative Banking, please click here or call us at 416.366.5534 or 1.877.782.7639.