Eagle River Credit Union is a co-operative financial institution, formed in 1984 in L’Anse au Loup after a major bank pulled its service out of the area. With the help of local organizations, such as the Labrador Fishermen’s Union Shrimp Company Limited, and neighbouring Caisse Populaire Desjardins in Quebec, and a dedicated group of committed volunteers, the open-bond credit union was formed and began to provide financial service.
In the 30 years since, Eagle River Credit Union has continued to flourish through various economic challenges, due to the continued support of its members, Staff and Board. Today Eagle River Credit Union is comprised of eight branches (just recently having amalgamated with Humber Valley Credit Union in Deer Lake) with 43 staff, 7,700 members, and over $120 million in assets.
Eagle River Credit Union offers a complete line of financial products and services, including: chequing, savings, investments, loans, commercial services, electronic and mobile products, financial planning and wealth management services. They pride themselves on a focused approach to banking. The focus is on the members!
Because they are member-owned, ERCU holds an Annual General Meeting each year, which allows the membership a voice in the operation of their credit union. Another benefit of their membership is profit-sharing. Since 1984, members have reaped the rewards of their loyalty by receiving in excess of $5 million in patronage rebates and dividends.
It is with great pleasure that they extend service into the Deer Lake area, through the Humber Valley Branch. Stop by the Humber Valley Branch at 1 Church Street and speak with one of their financial professionals about the credit union difference!
Monday to Thursday: 9:30 a.m. – 4:00 p.m.
Friday: 9:30 a.m. – 5:00 p.m.