Beem Credit Union
One of BC's largest credit unions, created when Gulf & Fraser and Interior Savings merged in January 2024, with BlueShore Financial and other BC credit unions joining through 2025. Closed mortgages allow payment increases up to 100 percent and annual lump sums up to 20 percent, plus a First Home Advantage down payment loan of up to $25,000 for first-time buyers. It lends British Columbia.
Prepayment-penalty method
Standard penalty (about three months' interest)
Breaking early is penalized at roughly three months' interest, an open-style penalty that is generally on the lower, more predictable end.
See what breaking a mortgage early could costWho it tends to fit
- Self-employed and business-owner borrowers
- Refinances and equity take-outs
- Construction and new-build financing
General signals only. Approval depends on the full application; a lender that fits on paper still has to say yes.
What you can do with it
- Buying a home
- Refinancing
- Renewal or switch
- Construction / new build
Features
- Prepayment privileges (pay extra without a penalty)
Rate types
- Fixed rates
- Variable rates
Where it lends
British Columbia
Good to know
- Membership required to borrow; lends in British Columbia only
- Branch network of 66 branches spans the Lower Mainland, Sea-to-Sky, Fraser Valley, Thompson-Okanagan, Boundary and northern BC
- Some branches still operate under legacy banners such as Gulf & Fraser, Interior Savings, BlueShore Financial and North Peace Savings while the Beem rebrand completes
- Construction mortgages carry a lender fee (0.25 percent on a principal residence, 1 percent on investment properties)
How to reach Beem Credit Union
You deal with this lender directly, no broker required. This is educational information, not a rate quote; confirm current rates and terms directly.
Visit Beem Credit UnionEducational summary; rates, terms, and approval are set by the lender.
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Other credit unions
Educational information about Canadian mortgages, not financial or mortgage advice. This tool is offered by Jordan Avery, Mortgage Agent (Level 2), Licence M23999999 · Maple Key Mortgages Inc., FSRA Brokerage Licence 13999 and operated by LenderSearch; figures are estimates. Confirm all rates, terms, and eligibility directly with the lender before acting.