About Innovation Credit Union
Innovation Credit Union is a company based in Swift Current (Canada) founded in 2007. It operates as a B2C, and B2B. Innovation Credit Union offers products and services including No-Fee Chequing Account, Savings Account, Personal Loan, Mortgage, and Credit Card. Innovation Credit Union operates in a competitive market with competitors including Meridian, Coast Capital Savings, FirstOntario, Coastal Community Credit Union and Prospera Credit Union, among others.
- Headquarter Swift Current, Canada
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Innovation Federal Credit Union
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Products & Services of Innovation Credit Union
Innovation Credit Union offers a comprehensive portfolio of products and services, including No-Fee Chequing Account, Savings Account, Personal Loan, Mortgage, and Credit Card. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account with no monthly fees and unlimited transactions for personal use.
Account offering interest and no fees for building funds.
Loan for one-time purchases or emergencies with simple application.
Home funding option with cashback rewards and flexible terms.
Card with rewards and no fees for everyday spending.
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Software Development Team
16 people
Leadership Team
12 people
Finance and Accounting
7 people
Human Resources and Administration
4 people
Legal and Compliance
3 people
Senior Team
2 people
Data Analysis and Operations Team
1 people
System Team
1 people
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Funding Insights of Innovation Credit Union
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Innovation Credit Union
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Innovation Credit Union
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Innovation Credit Union Comparisons
Competitors of Innovation Credit Union
Innovation Credit Union operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Meridian, Coast Capital Savings, FirstOntario, Coastal Community Credit Union and Prospera Credit Union, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Urban communities are served by this member-owned credit union.
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Functions as a credit union providing financial services to members.
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Provides personal and business banking, loans, investments, and insurance options.
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Provides personal and business banking, loans, investments, and insurance services.
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Financial services are offered to members by Prospera Credit Union.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Innovation Credit Union
Frequently Asked Questions about Innovation Credit Union
When was Innovation Credit Union founded?
Innovation Credit Union was founded in 2007.
Where is Innovation Credit Union located?
Innovation Credit Union is headquartered in Swift Current, Canada. It is registered at Swift Current, Saskatchewan, Canada.
What does Innovation Credit Union do?
Innovation Federal Credit Union is a financial institution in Canada that provides a range of services such as no-fee chequing and savings accounts, personal and business loans, mortgages with cashback incentives, and credit cards. It operates through online platforms and branches, focusing on low fees, competitive rates, and community involvement by donating to causes like food security. The union emphasizes secure digital banking and supports members with tools for budgeting and financial planning, while allocating profits to local scholarships and sponsorships.
Who are the top competitors of Innovation Credit Union?
Innovation Credit Union's top competitors include Meridian, Prospera Credit Union and Libro Credit Union.
What products or services does Innovation Credit Union offer?
Innovation Credit Union offers No-Fee Chequing Account, Savings Account, Personal Loan, Mortgage, and Credit Card.
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