$1,500 mortgage promotion

Plus you'll earn Member Rewards for everyday banking!

Move your mortgage to Innovation Credit Union's 2.89%* 5-Year Closed Fixed Mortgage and we'll pay up to $1,500* in fees!

PLUS, with our Member Rewards program, you'll start earning rewards simply by doing your everyday banking with us.


Mortgage rate


Transfer today!


We'll deposit your incentive* into your Member Rewards Account where you can transfer it to any account you choose to spend, or leave it in your Member Rewards account to earn even more money. We pay quarterly cash dividends based on the balance of your Member Rewards account and the dividend rate is very attractive, providing you with a great return.

Get started today!

You can get started on your transfer in a number of ways:

Mortgage Specialists with flexible schedules

Getting to one of our advice centres can at times be challenging given your schedule. And often you require mortgage approvals and advice after regular banking hours.

Our Mortgage Specialists would be happy to come to you, on your own schedule. Expect speedy approvals and convenient service!

Dan's contact information
Nancy's contact information

* This offer applies to anyone who transfers their mortgage loan to Innovation Credit Union (“Innovation”) from another financial institution (the “Applicants”). Mortgage loans must have a principal amount of $100,000 or more, must be an Innovation Fixed-Rate Closed mortgage loan at Innovation’s posted 5-year Closed Fixed (Special) mortgage interest rate, and must have a term of 5 years with an amortization of 25 years or less. Offer applies to consumer residential mortgage loans only.

Applicants must have an Innovation No-Fee Bank Account and Member Rewards Account. Pre-authorized mortgage payments must come from an Innovation bank account. Mortgage application must be submitted to Innovation by December 31, 2019 and mortgage must be funded within 120 days of application.

Innovation will reimburse qualifying Applicants for the fees* incurred to transfer their mortgage. The fee reimbursement amount will be for the amount of the fees incurred, up to a maximum amount that is based on the Applicant’s Innovation mortgage amount. Maximum fee reimbursement amounts are tiered as follows:
  • Up to $500 fee reimbursement on a mortgage loan of $100,000 - $199,999
  • Up to $1,000 fee reimbursement on a mortgage loan of $200,000 - $299,999
  • Up to $2,500 fee reimbursement on a mortgage loan of $300,000 or more.
The fee reimbursement amount will be deposited into the Applicant’s Innovation Member Rewards Account within 30 business days after mortgage funding. In the case of joint mortgages, the fee reimbursement amount will be divided equally amongst all mortgage holders. Investment income earned on Member Rewards Account balances may be taxable. If the offer ends before the 30 business days after funding, Innovation will still pay the fee reimbursement amount to the Applicants, provided the above terms and conditions are met.

Offer is subject to meeting Innovation's credit approval criteria. Offer may end or change at any time without notice. From time to time, and without notice, Innovation may change, supplement or amend these terms and conditions.

*Fees include fees associated with the mortgage application, transfer, registration, and discharge but do not include penalties that are charged by the other financial institution for the mortgage transfer.

Apply Now

From the desk of our CEO

Federal Continuance

For information on upcoming changes to DEPOSIT INSURANCE if we become a federal credit union, see our disclosure notice. Creditors who have concerns may contact Innovation Credit Union.

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