Meridian Credit Union

Thinking of starting your first business? From registering your business to writing a business plan, to finding the right accounts and financing tools for our business, we have the personalized solutions you need to kickstart your journey here: https://lnkd.in/gUfbKjdk

Did you know? Small businesses are the backbone of our community, driving job creation and local growth. This Small Business Week, let’s shine a spotlight on those making a big difference. Nominate your favorite small business for our Small Business Big Impact Award and help us celebrate their incredible contributions. Visit https://lnkd.in/gVTaSAa8

The Bank of Canada has just announced a noteworthy interest rate cut by 50 basis points to 3.75%, signaling important developments for Canadians. This proactive decision indicates a stabilizing inflation environment, though it may present challenges for overall economic productivity. As we continue through this transitional phase, we encourage our Members to review their investment strategies with their advisors, especially as returns on GICs and high-interest savings may decrease. At Meridian, we believe this move will enhance discretionary income for borrowers and stimulate consumer spending, ultimately fostering economic growth. We can expect another cut in December and a continued trend of declining rates in Q1/Q2 2025. For more information on the Bank of Canada interest rate announcement, visit https://lnkd.in/ge3Kc4x

Happy International Credit Union Day! Today, we celebrate what makes credit unions like Meridian unique. Unlike traditional banks that focus their profits for shareholders, we’re a financial co-operative driven to put our profits toward our Members, communities and planet. At Meridian, we offer the same products and services that the big banks do – but with a commitment to empowering our Members and communities with financial confidence. That’s why around here, banking is different! To learn more about the credit union difference, visit: https://lnkd.in/g-U-9YGT

We’re thrilled to recognize the incredible impact of our past award winners: GoodLot Farm & GoodLot Farmstead Brewing Co. aaniin retail inc. Community Builders From groundbreaking innovations to community support, these businesses have set the bar high. Do you know a standout small business making a difference this year? Visit https://lnkd.in/gVTaSAa8 to nominate them for our annual Small Business Big Impact Award!

Member success is our success. When our Members go out of their way to support their communities in meaningful ways, we’re ready to shine a light on their success. Meet Rob Cikoja, CEO of Habitat for Humanity Huronia. Rob needed to create a new model that would serve the housing needs in his community, while building donor trust. To start, he leaned into his relationship with Meridian. Together, we helped Rob restructure his organization’s mortgage and home ownership model to create a housing program with lasting impact. To learn more about Rob’s story, visit: https://lnkd.in/gAtwzmdT

Our new billboards are up, putting the spotlight where it belongs—on our Members! At Meridian, you’re not just a number; you’re at the heart of everything we do. Our commitment to your financial well-being is larger than life, and now it's on full display. Spot our billboards at Yonge & Dundas!

This past weekend, in honour of National Day for Truth and Reconciliation, the team at our Steeles & Birchmount branch volunteered at Austin Drive Park with 10,000 Trees on National Tree Day to plant 950 trees, shrubs and wildflowers symbolizing growth, renewal, and the hope for a united future. At Meridian, we are committed to our community, and we remain dedicated to raising awareness as we navigate this ongoing healing journey together.

On this National Day for Truth and Reconciliation, we reflect on Canada’s history and the lived experiences of Indigenous Peoples. As we continue to listen, learn, and grow, we reaffirm our commitment to support reconciliation efforts within our communities. We believe that building a future deeply rooted in respect and mutual understanding is essential for true change. On this collective path towards reconciliation, we continue to encourage you to: 1. Recognize the diversity of Indigenous peoples: Understand that "Indigenous" refers to a diverse and distinct group of people. 2. Learn about residential schools: Educate yourself on the history of residential schools and their historical injustices. 3. Explore rights in Canada: Know the differences between treaty, constitutional, Indigenous, and human rights in Canada. 4. Acknowledge Indigenous contributions: Respect the rich contributions that Indigenous peoples have made to our history. Everyday actions like wearing an orange shirt, supporting Indigenous-owned businesses, attending community events and committing to learning more about the land acknowledgement in your area can help impact our progress on reconciliation. Meridian is committed to advance the Truth and Reconciliation Commission’s goals and assist in achieving the 94 Calls to Action. Today we honor the survivors, their families, and communities and we invite you to join us on this journey. To learn more about Truth and Reconciliation, visit: National Centre for Truth and Reconciliation: https://nctr.ca/ Reconciliation Canada: https://lnkd.in/em593ex Orange Shirt Day: https://lnkd.in/gnpc8XM Government of Canada: https://lnkd.in/gHrRzxkc

Small Business Big Impact Awards are back! It’s time to honor the small businesses that go above and beyond! If you know a local business that deserves recognition for their outstanding impact, we want to hear from you. Submit your nominations for the Small Business Big Impact Award today and help us celebrate forward-thinking businesses breaking barriers and making an impact. Visit https://ow.ly/ofV850Tvgvs to nominate a small business today!