Become A Member Today
When you join The Police Credit Union you're both a member and an owner
Out philosophy has always been 'not for profit - but for service' and we hold to that commitment by providing you with exceptional service, the best rates and a cooperative movement that revolves around you: our member. At The Police Credit Union you'll be treated as an individual as we understand our members all have different needs and goals when it comes to their financial health. Rest assured, becoming a member with us will be the best decision you ever made!
Members Are Owners
You have a voice and can even run for our Board of Directors
Competitive Rates
Great rates and regular promotions on popular financial products
No Fee Banking
Join the REWARDS Program and say goodbye to pesky fees
Personalized Professionals
Everyone's financial health is unique and our expert staff are ready to discuss it with you
Community Support
Your membership directly helps in supporting your policing community
Surcharge Free ATMs
Access your money for free with The Exchange Network with 3,700 ATM locations across Canada
You're not just a member...you're an owner as well!
When you open an account with The Police Credit Union whether it be for personal, business or organization purposes, you are required to make a one-time $100 Member Equity Share deposit. Each share costs $5.00 each requiring you to purchase 20 shares. Upon this deposit you will formally acquire your membership rights and privileges. This is a fundamental operating principle for all Credit Unions as they are democratically owned separating us from traditional financial institutions.Your Member Equity Share not only entitles you to all the services of the Credit Union, but you can vote on major issues issues including the election of our Board of Directors. The Member Equity Share is not a fee as it represents your share of ownership with The Police Credit Union. Should your ever decide to cancel your membership, your Member Equity Share amount will be returned to you.
Every member owns a Member Equity Share and essentially a share in The Police Credit Union. Even with joint membership accounts both members have their own designated Member Equity Share.
Member Benefits
Co-Operative
Local
Better Rates
Community
Apply Easily Online
Become a Member
Recruits Apply Here
Become A Member
Membership eligibility
To be eligible for membership with The Police Credit Union the following requirements must be met:- You must be 18 years of age or older and a resident of Ontario
- You must be an employee or retiree on pension from a police service in the Province of Ontario. Membership is also available to all employees of related police associations and police organizations in the Province of Ontario. Family members are welcome too.
- Valid ID (Passport, driver's license, government issued ID)
- Previous Address if at current address less than two years
- Previous Employment if at current employer less than two years
- Annual Income from all sources
- Assets and Liabilities (only required if applying for a lending product)
READY TO JOIN THE POLICE CREDIT UNION?
CHOOSE FROM OUR REWARDS OR NON REWARDS OPTIONS SHOWN BELOW
Joining the Rewards Program
To join the Rewards Program, simply direct your full payroll or pension deposits to your Rewards Chequing account and process your day to day transactions for free. Or choose the Rewards Loyalty or Premium Rewards Chequing Accounts where depositing your payroll is optional but for a low monthly fee enjoy unlimited day to day transactions in addition to other perks shown below. You will also get our lowest interest rates on borrowing and our highest rates on savings and investments. Choose one of the options below:
Rewards Chequing
Full Pay into The Police Credit Union - use as primary account
No monthly fee / No minimum balance required
Free day-to-day banking covers:
Unlimited transactions including pre-authorized items, bill payments, ATM withdrawals and deposits via Exchange Network
4 Free Interac e-money transfers
No monthly fee / No minimum balance required
Free day-to-day banking covers:
Unlimited transactions including pre-authorized items, bill payments, ATM withdrawals and deposits via Exchange Network
4 Free Interac e-money transfers
Rewards Loyalty
Full Pay into The Police Credit Union optional
$11.95 per month / fee waived with minimum balance of $2,500 always maintained in the account
Fee / Maintaining Minimum Balance covers:
Unlimited debit transactions including pre-authorized items, bill payments, ATM withdrawals and deposits via Exchange Network
10 Free Interac e-money transfers
$11.95 per month / fee waived with minimum balance of $2,500 always maintained in the account
Fee / Maintaining Minimum Balance covers:
Unlimited debit transactions including pre-authorized items, bill payments, ATM withdrawals and deposits via Exchange Network
10 Free Interac e-money transfers
Premium Rewards
Full Pay into The Police Credit Union optional
$19.95 per month / fee waived with minimum balance of $5,000 always maintained in the account
Fee / Maintaining Minimum Balance covers:
Unlimited debit transactions including pre-authorized items, bill payments, ATM withdrawals and deposits via Exchange Network
Unlimited free Interac e-money transfers
2 free Interac ATM withdrawals
$19.95 per month / fee waived with minimum balance of $5,000 always maintained in the account
Fee / Maintaining Minimum Balance covers:
Unlimited debit transactions including pre-authorized items, bill payments, ATM withdrawals and deposits via Exchange Network
Unlimited free Interac e-money transfers
2 free Interac ATM withdrawals
Choose Non-Rewards if you are not interested in a Rewards Chequing Account
Apply for your Recruit Loan
Membership eligibility
To be eligible for membership with The Police Credit Union the following requirements must be met:- You must be 18 years of age or older and a resident of Ontario
- You must be an employee or retiree on pension from a police service in the Province of Ontario. Membership is also available to all employees of related police associations and police organizations in the Province of Ontario. Family members are welcome too.
- Valid ID (Passport, driver's license, government issued ID)
- Previous Address if at current address less than two years
- Previous Employment if at current employer less than two years
- Annual Income from all sources
- Assets and Liabilities (only required if applying for a lending product)
READY TO JOIN THE POLICE CREDIT UNION?
CHOOSE FROM OUR REWARDS OR NON REWARDS OPTIONS SHOWN BELOW
Joining the Rewards Program
To join the Rewards Program, simply direct your full payroll or pension deposits to your Rewards Chequing account and process your day to day transactions for free. Or choose the Rewards Loyalty or Premium Rewards Chequing Accounts where depositing your payroll is optional but for a low monthly fee enjoy unlimited day to day transactions in addition to other perks shown below. You will also get our lowest interest rates on borrowing and our highest rates on savings and investments.
A chequing account will automatically be opened for all new members to facilitate the payment of your loan, your Financial Services Officer will reach out to discuss our chequing options and ensure we open the chequing account that best suits your chequing needs.
RECRUIT LOAN PACKAGES
| Rewards Package Most Popular |
Regular Package | |
|---|---|---|
| Loan Amount $ | Up to $15,000 | Up to $15,000 |
| Admin Fee $ | No | $145 |
| Interest Rate | 7.25% | 9.25% |
| Life Insurance on Recruit Loan | 6.25% | 8.25% |
| Disability Insurance on Recruit Loan | 6.25% | 8.25% |
| Fully Insured Life & Disability on Recruit Loan | 5.25% | 7.25% |
| Overdraft Protection | Up to $1,500 | - |
| Line of Credit (Final approval is based on meeting standard credit approval criteria) |
$5,000* | - |
| Chequing Account | Rewards | Pay As You Go |
| Full Pay Into The Police Credit Union - Use as Primary Account | Yes | No |
| No Monthly Fee/No Minimum Balance | Yes | - |
| Unlimited debit transactions including pre-authorized items, bill payments, ATM withdrawals and deposits via the Exchange Network | Yes | - |
| 4 Free Interac E-Money Transfers | Yes | - |
| No Loan Application Fee & Discount on Loan Rate | Yes | - |
| Other Benefits | ||
| Savings Account Boost | 0.10% | - |
| GIC Rate Boost | 0.10% | - |
| Loan Rate Discount | 1.00% | - |
I want to apply for: |
Rewards Recruit Loan |
Regular Recruit Loan |
Have these items ready for sign up
Valid ID
Can be a passport, driver's license or government issued ID
Previous Address
If you are at your current address for less than two years
Previous Employment
If you're at your current employer for less than two years
Annual Income
Please have your annual income from all sources
Assets and Liabilities
This is only required if applying for a lending product
You will need approximately 30 minutes to complete the process, not to worry if you run out of time, as your application can be saved and completed later. If you need assistance, please call our Member Solutions Centre at 1-800-561-2557.
As having been a member of the Toronto Police Credit Union since 1991, I have been extremely pleased with all of the financial services that the TPCU has offered over the years to suit the financial needs of my family. Over all of these years, the TPCU staff have been totally professional and exceptional in carrying out any financial request that has been made to them and have been totally accommodating with these requests in a timely and efficient manner.
Elaine, Toronto Police Services
WHO WE ARE
