No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
Edmonton is home to Servus Credit Union's headquarters and a strong network of Alberta credit unions. Member-owned, profit-sharing banking for the capital city.
Get KOHO Free — Code BREMO2026Edmonton's credit union landscape is anchored by Servus Credit Union, which is headquartered in Edmonton and operates 100+ branches across Alberta. As Alberta's provincial capital, Edmonton also has numerous smaller specialized credit unions serving government employees, teachers, and specific industry groups. Credit union deposits in Alberta are protected by CUDGC, providing robust deposit insurance. Edmonton credit unions are particularly strong in mortgage lending, TFSA management, and business banking for Alberta SMEs.
Alberta already saves you on taxes and land transfer costs. Save even more with KOHO: no monthly fees, cash back on purchases, and an easy mobile app. Use code BREMO2026 for a bonus.
Get KOHO Free — Use Code BREMO2026| Feature | Credit Unions | Big 5 Banks | KOHO/EQ Bank |
|---|---|---|---|
| Ownership | Member-owned | Shareholder-owned | Fintech |
| Monthly Fee | $5–$15 avg | $11–$30 | $0 |
| Profit Sharing | ✓ Dividends | ✗ | ✗ |
| Local Mortgage Expertise | ✓ Strong | ✓ | ✗ |
| CDIC Deposit Insurance | CUDIC (provincial) | ✓ CDIC | ✓ CDIC partner |
| ATM Network | Exchange Network | Own + Interac | Network-free |
Edmonton residents working in government, healthcare, or education often find credit unions offer membership-specific benefits — teacher pension CUs, healthcare worker CUs, and municipal employee CUs provide tailored products. Servus Credit Union's widespread Edmonton presence means members can access branches throughout the city and province. For everyday banking, many Edmontonians complement their credit union membership with KOHO — zero fees and cash back on daily purchases — while keeping mortgages, TFSAs, and investments at Servus or another local CU. ATB Financial, headquartered in Edmonton, is not technically a credit union but operates similarly: provincial Crown ownership, community focus, and competitive rates.
Many Edmonton residents use both: a local credit union for mortgages and investments, and KOHO for zero-fee everyday banking and cash back. Use code BREMO2026 when signing up.