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 $460 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:

2018 Spryfield branch location opens
CUA introduces new line of credit cards
2017 Assets top $460 million
Partnerships with CEED, Centre of Entrepreneurship Education and Development, Habitat for Humanity Nova Scotia and the Business Development Bank of Canada (BDC)
2015 CUA becomes the first B Corp-certified company in Atlantic Canada and the third in Canada
2011 e-Transfers introduced
2008 Installation of chip card-enabled ATM machines
Amalgamation of CUA with Halifax Civic Credit Union
2007 Launch of online banking tool, known as MemberDirect® Integrated Services
Launch of basic personal income tax service
Tantallon branch location opens
2006 Cow Bay Road branch relocates to its current location on Pleasant Street
2005 "Go Green" Car Loan is introduced
2003 CUA listed as one of the top 101 companies in Atlantic Canada for 10 consecutive years according to Progress Magazine
2002 Wellspring Financial Management, a wealth management subsidiary, is introduced
Halifax Shopping Centre Annex branch location opens
2001 Net income increases 54% over previous year
1998 CUA Financial Service (CUAFS) is introduced
1997 Clayton Park Branch purchased from Laurentian Bank of Canada
Eastern Passage Branch relocates to its current location on Cumberland Drive
1996 Opening of Customer Contact Centre
1995 Amalgamation of CUA with Halifax West Aquinas
1994 Assets top $100 million
Alamgamation of CUA with Russel Credit Union
1993 Acquiring of Eastern Passage Credit Union and Saint Anslem's Credit Union
1992 Establishment of CUA Community Development Fund
1991 Amalgamation of Halifax Metro Credit Union and name change to CUA
1989 Joins Interac and Plus ABM Network
1986 Plastic financial card (now known as the debit card) is introduced
1985 Registered Retirement Income Funds (RRIF) is introduced
1977 Amalgamation with Rail Air Savings
Adoption of interest-bearing chequing account
1976 Computer terminals is installed in most branches
1974 First computer system is introduced
1973 Beginning of conventional mortgage financing provided
Adoption of Registered Retirement Savings Plan (RRSP)
Acquires CBC Halifax Staff
1969 Name of Dockyard Credit Union changed to Federal Savings Credit Union
1967 Amalgamation with Army Civil Credit Union
1964 First million dollars in assets is reached
1948 Dockyard Credit Union is established
1925 Nova Scotian farmers urge for a Credit Union Law in Nova Scotia
1909 First 'People's Bank' is established in Quebec
The Credit Union Movement comes to North America
 

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