Tru Cooperative Bank (Mortgage Broker Centre)
Federal credit union created when BC's First West Credit Union went national in April 2026, with about $21 billion in assets. Its broker channel has served BC for over 15 years and opened in Ontario in May 2026, with MCAP providing underwriting and servicing while Tru funds the mortgages. It lends British Columbia, Ontario.
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
- Buyers of rental or investment property
- Refinances and equity take-outs
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
Rate types
- Fixed rates
- Variable rates
Where it lends
British Columbia, Ontario
Good to know
- Broker channel currently covers BC and Ontario; Alberta, Saskatchewan and Manitoba planned by end of 2026
- Credit union membership applies when borrowing
- Its retail brands Envision Financial, Valley First and Island Savings are listed separately and serve BC customers directly
- Ontario broker mortgages are underwritten and serviced by MCAP on Tru's behalf
How to reach Tru Cooperative Bank (Mortgage Broker Centre)
Available only through a licensed mortgage broker, not directly to the public. This is educational information, not a rate quote; confirm current rates and terms directly.
Visit Tru Cooperative Bank (Mortgage Broker Centre)Educational summary; rates, terms, and approval are set by the lender.
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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.