Meridian Credit Union Mortgage Rates & Reviews
Meridian Background
Meridian is a credit union that was formed in 2005 after the merger of Niagara Credit Union and HEPCOE Credit Union. It is headquartered in St Catherine’s Ontario and offers banking, mortgages, wealth management and financial services to its members. Meridian is the second largest credit union in Canada and the second largest in Ontario with over 2,000 employees and 375,000 members.
Meridian Prime Rate
Meridian's Prime Rate is used as the basis for many of Meridian's lending products including variable rate mortgages, lines of credit, and HELOCs. Prime, or P, is normally combined with a spread to make up the final interest rate.
Current Meridian Prime Rate: 2.45%
Meridian Credit Union Fixed-Rate Mortgages
| Term | Rate | Monthly Payment |
|---|---|---|
1-Year Fixed | 3.09% | $1,916 |
2-Year Fixed | 2.34% | $1,762 |
3-Year Fixed | 2.34% | $1,762 |
4-Year Fixed | 3.89% | $2,087 |
5-Year Fixed | 2.39% | $1,772 |
7-Year Fixed | 2.99% | $1,895 |
10-Year Fixed | 3.29% | $1,958 |
The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.
Meridian Credit Union Variable-Rate Mortgages
| Term | Rate | Monthly Payment |
|---|---|---|
5-Year Variable | 1.60% | $1,619 |
The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.