About Korean (Toronto) Credit Union
Toronto-area credit union incorporated October 20, 1976 to serve Ontario's Korean community. Operates from a single head office in Thornhill after consolidating its Bloor Street main office and Thornhill branch in 2019; offers personal and business banking, largely in Korean.
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Access: Membership required · Closed common bond
Eligible provinces: Ontario
How to join: Apply at the Thornhill office (180 Steeles Ave W Unit 3) with ID; membership share purchase required ($5 per credituniondirectory.ca, unverified).
Notes: Community (ethnocultural) bond — closed per project definition, though site notes non-Koreans may qualify under certain criteria.
Deposit protection: Financial Services Regulatory Authority of Ontario
prudential regulator + administers the Deposit Insurance Reserve Fund: unlimited on registered accounts, $250,000 non-registered; absorbed DICO in 2019
Current top rates
rates confirmed as of 2026-09-15| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.20% |
| 2-year GIC | 3.00% |
| 3-year GIC | 3.00% |
| 4-year GIC | 3.00% |
| 5-year GIC | 3.00% |
Base ladder rates. Institution may have more term rates below.
Rate history builds here as we track this institution's rates over time.
Term deposit rates
— not stated on siterates confirmed as of 2026-09-15Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Long-term — 1 year + | ||||||
| 6 months | Non-reg | Y | — | At maturity | $1k – $50k | 2.80% |
| 1 year | Non-reg | N | — | At maturity | $1k – $50k | 3.20% |
| 18 months | Non-reg | N | — | At maturity | $1k – $50k | 3.20% |
| 2 years | Non-reg | N | — | At maturity | $1k – $50k | 3.00% |
| 30 months | Non-reg | N | — | At maturity | $1k – $50k | 3.00% |
| 3 years | Non-reg | N | — | At maturity | $1k – $50k | 3.00% |
| 4 years | Non-reg | N | — | At maturity | $1k – $50k | 3.00% |
| 5 years | Non-reg | N | — | At maturity | $1k – $50k | 3.00% |
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