O.A.C. Rate subject to change. No purchase necessary. Some conditions apply.

What Makes Credit Unions Better Than Traditional Banks?

The largest point of difference between banks and PACE Credit Union is that credit unions exist to meet the needs of their members, not to make a profit from them. Credit unions are co-operative financial institutions that are entirely owned by their members. They have no mandate to make a profit and they don’t have to answer to outside investors or analysts. In fact, any profit that is realized is shared equally and now for the fourth year in a row all qualifying members at PACE even received a 3% dividend*. This redistribution of profit also allows us to provide lower rates and better service to our members.

Plus we view our members as more than just a credit score since they are all also part owners. This means that PACE Credit Union has the flexibility to look at a member’s complete personal and financial circumstances when deciding whether to provide a loan, funding or other services. We get to know your unique situation and don’t assess a member’s creditworthiness solely on the basis of formulas that establish a credit score.

Not A Member Yet? Here's 6 Reasons To Join PACE Credit Union

Great Service At Competitive Rates

We don’t have shareholders to answer to. All profits are used to reward you, our owners. This means we can offer superior solutions and service at low rates.

Our boss isn’t the share price, it’s you. So we won’t gouge you with sneaky extra fees.

No Nickel & Diming

You’ll have access to 15 branches in Ontario, over 3,300 ATMs across Ontario, Canada and online banking 24/7.


You’re the boss and your time is valuable. We work on avoiding the long, bureaucratic process that some bank head offices demand.

Easier Process

PACE has the ability to offer more options and greater flexibility than traditional banks because of our smaller size and, as a result, we provide more personal service to accommodate each of our member’s unique needs and circumstances.

Greater Flexibility

We don’t have a structured credit scoring system. We get to know you and your unique financial history. If you had a major illness or a divorce it won’t count against you.

You Are More Than a Score

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Easy Access - With over 3,300 ATMs and 15 branches you will have no problem accessing your accounts.

Better Customer Service - According to the 2016 Ipsos® Best Banking Awards, credit unions have consistently ranked higher in customer service excellence for twelve years running.

Better Online Banking - Credit Unions also tied for 1st in the Mobile Banking Excellence category and 1st in the Online Banking Excellence category (2016 Ipsos® Best Banking Awards).

Competitive Rates - All profit we make will be shared with our members or used to offer lower rates and better service.

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Peter Campbell is a retired engineer who worked with the Toronto District School Board for many years. Peter began his relationship with PACE when he first started working with the Toronto District School Board as part of a payroll deduction. Both Peter and his wife have been loyal PACE members for over 25 years.

 I feel like a spoiled child with the attention I receive at PACE. I am welcomed by name and they provide me with personal helpful advice. PACE taught me a lot about my finances and how to use a budget. PACE definitely helped me get into a better financial situation.

Peter Campbell

Member Since 1985

In 1974 Marlene purchased a home in the hope to turn it into an income property. After having a successful income property, Marlene next decided to purchase and renovate a 21 unit apartment building. When she went to a traditional bank for a mortgage, she was laughed out for the request. When Marlene asked PACE for the mortgage she was greeted with open arms and was approved. What started out as a dream became reality with the support of PACE. This property allowed Marlene to retire at the age of 39 from General Electric.

Member Since 1969

Marlene Miller

For over 25 years, the Van Kessel family have owned and operated their own business, Chris Van Kessel Masonry. Being self employed masons made it difficult for the Van Kessel’s to get help from other financial institutions.

 Part of what makes PACE great is the branch managers and staff. Whenever I go into PACE, I do not feel rushed or pressured like I have felt at other financial institutions. PACE also goes out of their way to contact their members when changes in their accounts or issues arise personally. They take those extra steps that keep me coming back.

Member Since 1979

Lori Van Kessel

Todd is the proud owner of Moksha Yoga Don Mills. When Todd came into PACE for the first time, he was surprised to learn what PACE had to offer him and his business. He found that PACE could offer better rates and a better financial plan for his business than his previous bank. Todd also likes that Credit Union’s support smaller businesses like his own.

 There is a community based feel to each branch. PACE really cares about my business and its success.

 The best part about PACE is the relationships that I have created. I have always been very impressed with the way that PACE has treated me and my accounts.

Member Since 2009

Todd Canning

Meet A Few Of Our PACE Members

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