Our History
In 1948, our banking institution first opened its doors to customers at the Dockyard Credit Union location in Halifax. Since then, the financial well-being of our customers has always been a top priority.
Today, with total assets of over $760 million and branches spanning from Cole Harbour to Tantallon, a Corporate Office, Commercial Lending and a dedicated Customer Contact Centre, we continue to provide flexible products, personalized service and quick decisions for our members, opening the door to a brighter financial future for everyday people.
For 70 years and counting, we look forward to continuing to build a stronger community, one customer at a time.
Milestones:
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2019 |
Partnership with Halifax Chamber of Commerce |
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CUA introduces Foreign Resident Mortgage |
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2018 |
Spryfield branch location opens |
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CUA introduces new line of credit cards |
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2017 |
Assets top $460 million |
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Partnerships with CEED, Centre of Entrepreneurship Education and Development, Habitat for Humanity Nova Scotia and the Business Development Bank of Canada (BDC) |
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2015 |
CUA becomes the first B Corp-certified company in Atlantic Canada and the third in Canada |
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2011 |
e-Transfers introduced |
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2008 |
Installation of chip card-enabled ATM machines |
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Amalgamation of CUA with Halifax Civic Credit Union |
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2007 |
Launch of online banking tool, known as MemberDirect® Integrated Services |
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Launch of basic personal income tax service |
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Tantallon branch location opens |
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2006 |
Cow Bay Road branch relocates to its current location on Pleasant Street |
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2005 |
Energy Efficiency Financing is introduced |
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2003 |
CUA listed as one of the top 101 companies in Atlantic Canada for 10 consecutive years according to Progress Magazine |
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2002 |
Wellspring Financial Management, a wealth management subsidiary, is introduced |
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Halifax Shopping Centre Annex branch location opens |
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2001 |
Net income increases 54% over previous year |
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1998 |
CUA Financial Service (CUAFS) is introduced |
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1997 |
Clayton Park Branch purchased from Laurentian Bank of Canada |
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Eastern Passage Branch relocates to its current location on Cumberland Drive |
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1996 |
Opening of Customer Contact Centre |
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1995 |
Amalgamation of CUA with Halifax West Aquinas |
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1994 |
Assets top $100 million |
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Alamgamation of CUA with Russel Credit Union |
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1993 |
Acquiring of Eastern Passage Credit Union and Saint Anslem's Credit Union |
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1992 |
Establishment of CUA Community Development Fund |
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1991 |
Amalgamation of Halifax Metro Credit Union and name change to CUA |
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1989 |
Joins Interac and Plus ABM Network |
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1986 |
Plastic financial card (now known as the debit card) is introduced |
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1985 |
Registered Retirement Income Funds (RRIF) is introduced |
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1977 |
Amalgamation with Rail Air Savings |
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Adoption of interest-bearing chequing account |
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1976 |
Computer terminals is installed in most branches |
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1974 |
First computer system is introduced |
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1973 |
Beginning of conventional mortgage financing provided |
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Adoption of Registered Retirement Savings Plan (RRSP) |
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Acquires CBC Halifax Staff |
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1969 |
Name of Dockyard Credit Union changed to Federal Savings Credit Union |
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1967 |
Amalgamation with Army Civil Credit Union |
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1964 |
First million dollars in assets is reached |
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1948 |
Dockyard Credit Union is established |
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1925 |
Nova Scotian farmers urge for a Credit Union Law in Nova Scotia |
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1909 |
First 'People's Bank' is established in Quebec |
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The Credit Union Movement comes to North America |
