Ontario's largest credit union, Meridian, announced on Thursday, October 1, 2015, it is offering a five-year closed variable rate mortgage at 1.85 per cent APR.
"Meridian wants to ensure we are offering our Members a full suite of mortgage products at competitive rates," said Bill Whyte, Chief Member Services Officer for Meridian. "This variable mortgage rate is currently one of the lowest offers on the market today."
Meridian's mortgage specialists work closely with Members to keep them well-informed of all the financial aspects of home ownership, ensuring their mortgage payments fit into their overall budget and financial plan.
With over 70 years of banking history, Meridian is Ontario's largest credit union, helping to grow the lives of its more than a quarter of a million Members, including over 21,000 business Members. Meridian has $11 billion in assets under management and delivers a full range of financial services online, by phone, by mobile and through a network of 71 branches and 7 business centres. Meridian Members also have access to THE EXCHANGE® Network, with more than 2,500 no-fee ABMs across Canada and 360,000 ABMs in the United States. For more information, please visit meridiancu.ca