With over 75 years of banking history, Meridian is Ontario’s largest credit union and the third-largest in Canada with 340,000 members and over $20 billion in assets under management.
Today Meridian launched motusbank, a full-service, digital-first bank. To celebrate its official launch, motusbank is introducing a new mortgage offer with a highly competitive low rate of 3.09% on all one to five-year fixed rate mortgages.
motusbank’s offerings will include end-to-end digital platforms for deposit account openings, unsecured loans and lines of credit.
Its digital mortgage platform enables members and prospects to apply for and receive mortgages completely online – on their own time and at their own pace – from the application phase straight through to the receipt of funds.
“This is a truly momentous and exciting day, not only for our organization, but also for the millions of Canadians who have told us they are eager for an attentive, competitive and digitally-friendly alternative to the Big 5 banks,” says Bill Maurin, President and CEO of Meridian and motusbank.
“motusbank is a full-service, digital bank with a full retail product line that is supported by friendly and professional member service.”