Caisse populaire de Clare

What Caisse populaire de Clare does

Caisse populaire de Clare (legal name: Caisse Populaire de Clare Limitée) is a member-owned credit union cooperative headquartered in Church Point, Nova Scotia, with a second branch in Meteghan, serving the Acadian community of the Clare region. The institution provides a comprehensive retail and small-business banking platform including multiple chequing tiers (YOUR Chequing, Chequing 15/40/Unlimited, Electronic, Youth accounts, and a US Dollar account), savings accounts including a High Interest Savings Account, mortgages (Variable, Collateral, Construction, and the First-Time Homebuyers Pilot Program at 2% down), personal and business lending, lines of credit, and student credit lines. Investment and insurance products are delivered through partner platforms — Qtrade Direct Investing, VirtualWealth robo-investing, and mutual funds for investments, CUMIS for home/auto/life/travel/credit protection insurance, and Collabria for seven tiers of personal MasterCards plus three business Visa products. Service delivery runs through two physical branches plus online banking, a mobile application with Deposit Anywhere mobile cheque deposit, Lock'N'Block card controls, multi-factor authentication, and 128-bit SSL encryption, and a 24/7 TeleService phone channel. The credit union also has access to 3,000+ surcharge-free ATMs through THE EXCHANGE Network and sits within Atlantic Central and the Nova Scotia credit union system, with deposit insurance up to $250,000 per depositor via the Credit Union Deposit Guarantee Corporation.

The business model is a traditional credit union spread-and-fee structure. Revenue is generated from net interest income on mortgages, loans, and lines of credit (Atlantic Prime Rate 4.45% referenced as of June 2026; 5-year fixed mortgage at 6.240%; 5-year term deposit at 3.050%), recurring account and service fees across chequing tiers ($0-$25 monthly), revenue-sharing with Collabria on co-branded credit cards, partner referral and platform fees from Qtrade and VirtualWealth, and CUMIS-sourced insurance commissions. Pricing is publicly disclosed across account tiers and mortgage/term deposit rate sheets. The go-to-market is sales-led, anchored by branch-based relationship banking and bilingual (English/French) service, supplemented by digital channels, an "Honest Money" financial literacy blog, and active social media presence. The target customer segments are individual members (including youth, families, and seniors) and small/mid-market businesses in the Clare region, with the First-Time Homebuyers Pilot Program specifically aimed at Nova Scotia first-time buyers earning up to $200K. CEO is Renel Doucet. Annual reports have been published continuously from 2020 through 2025, indicating stable ongoing operations with no disclosed parent company, external investors, or M&A activity.

Name

Caisse populaire de Clare

Legal name

Caisse Populaire de Clare Limitée

Website

https://caissepopclare.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Caisse populaire de Clare is a member-owned credit union cooperative in Nova Scotia serving the Acadian community of Clare through two branches in Church Point and Meteghan, offering personal and business banking, mortgages, loans, credit cards, investments, and insurance.

Ownership category

akta.pro rank

Product category

Credit Union Banking

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Trust, Fiduciary & Estate Planning Services (FSABADAG)

akta.pro secondary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Credit union services
• Personal banking
• Business banking
• Mortgage lending
• Financial planning

Headquarters

HQ city

Church Point

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: Revenue generated from interest charged on mortgages, loans, and lines of credit extended to members.
2. Account Fees and Service Charges: Monthly account fees, transaction fees, and service charges on various chequing and savings accounts. Fee structures vary by account type.
3. Credit Card Partnership (Collabria): Revenue sharing arrangement with Collabria for co-branded credit cards including Classic, Cashback, Gold, and World MasterCards.
4. Investment Products: Revenue from TFSAs, RRSPs, RESPs, mutual funds, term deposits, and online brokerage services (Qtrade) with potential referral fees.
5. Insurance Products: Revenue from home, auto, life, travel, and credit protection insurance offered through partnership with CUMIS.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Caisse populaire de Clare is a member-owned credit union cooperative operating two branches in Meteghan and Church Point, Nova Scotia. It provides personal and business banking products including chequing and savings accounts, mortgages, personal and commercial loans, lines of credit, credit cards, investment vehicles (TFSA, RRSP, RESP, GICs, mutual funds, Qtrade, VirtualWealth), and insurance products (home, auto, life, travel, credit protection). Services are delivered through branches, online and mobile banking, telephone banking, and a surcharge-free ATM network of over 3,000 machines across Canada.

Product overview

Caisse populaire de Clare is a member-owned credit union offering a comprehensive suite of financial products and services for both personal and business members. The core banking platform comprises multiple chequing account tiers (YOUR Chequing, YOUR Chequing 15, 40, Unlimited, Electronic, Youth, US Dollar) and savings accounts including a High Interest Savings Account. Mortgage offerings include Variable Rate and Collateral Mortgages, plus the First-Time Homebuyers Pilot Program with 2% down. Lending products span personal loans, student lines of credit, and general lines of credit. Investment products include TFSAs, RRSPs, RESPs, Term Deposits (GICs), Mutual Funds, and partner platforms Qtrade Direct Investing and VirtualWealth robo-investing. Insurance products through CUMIS cover home, auto, life, travel, and credit protection. Credit cards are offered through Collabria across seven tiers from Classic to World Elite. Business banking encompasses commercial accounts, merchant services, commercial mortgages, equipment loans, operating loans, business lines of credit, business credit cards (Visa Infinite, Low Rate, No Fee Cash Back), and business term deposits and mutual funds. Digital banking is delivered via online and mobile banking with Deposit Anywhere mobile cheque deposit. All products are tied to the credit union's community-focused cooperative model.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Chequing Accounts Tiered chequing account family (YOUR Chequing, YOUR Chequing 15, YOUR Chequing 40, YOUR Chequing Unlimited, YOUR Electronic, YOUR Own for youth 0-18, YOUR Step-Up for ages 19-24, and a US Dollar chequing account) offering pay-as-you-go or bundled-transaction pricing for personal members.
• Personal Savings Accounts YOUR Savings account with no monthly fee and pay-as-you-go transactions, plus a High Interest Savings Account (HISA) paying top-tier rates calculated daily and paid monthly, available as TFSA-eligible.
• Personal Mortgages Variable Rate Mortgages, Collateral Mortgages, and Construction Mortgages for residential home financing, with conversion options between variable and fixed rates.
• First-Time Homebuyer Pilot Program Mortgage program offering first-time Nova Scotia homebuyers the ability to purchase with as little as 2% down payment, with homes up to $500,000 (up to $570,000 in HRM and East Hants), backed by a Nova Scotia government deficiency guarantee.
• Personal Loans Flexible personal loans for various financial needs and life goals, alongside student lines of credit for post-secondary students and general revolving lines of credit.
• Registered Investment Accounts (TFSA, RRSP, RRIF, RESP) Tax-advantaged registered savings and retirement vehicles including Tax-Free Savings Accounts, Registered Retirement Savings Plans with Home Buyers Plan and Lifelong Learning Plan, Registered Retirement Income Funds, and Registered Education Savings Plans with government grant matching.
• Term Deposits (GICs) Guaranteed Investment Certificates with 100% principal protection and fixed interest rates for 1- to 5-year terms.
• Mutual Funds Professionally managed investment pools offering diversification across stocks, bonds, and securities with various risk profiles.
• Qtrade Direct Investing Partner online brokerage platform for self-directed trading of stocks, bonds, ETFs, and mutual funds with low trading fees.
• VirtualWealth Robo Investing Automated online investing service with personalized portfolios, continuous rebalancing, and professional oversight delivered through a partner robo-advisor platform.
• Personal Credit Cards Seven co-branded MasterCard tiers issued through Collabria: Classic, Cashback, Centra Gold, US Dollar, Travel Rewards Gold (existing cardholders only), World, and Cash Back World Elite.
• Home and Auto Insurance Homeowners insurance covering theft, unforeseen events, and personal liability plus auto insurance covering accidents, legal costs, medical treatment, and property damage, delivered through CUMIS partnership.
• Life Insurance Life insurance coverage providing financial protection for family and dependents across life stages.
• Travel Insurance Travel insurance with 24/7 claims service, flexible coverage options, and quick quote availability for members.
• Credit Protection Insurance Insurance coverage protecting loan and line of credit balances in cases of disability, job loss, or death.
• Business Banking Accounts Business checking and savings accounts tailored for entrepreneurs and business owners.
• Merchant Services Payment processing solutions including point-of-sale terminals and e-commerce tools for accepting debit and credit card payments.
• Commercial Lending Commercial Mortgages for business real estate, Equipment Loans for vehicles, machinery, and technology, Operating Loans for day-to-day expenses, and Business Lines of Credit for revolving working capital.
• Business Credit Cards Co-branded Visa business credit cards distributed through Collabria: Visa Infinite Business with travel insurance and purchase protection, Low Rate Visa with reduced interest, and No Fee Cash Back Visa.
• Business Term Deposits and Mutual Funds Guaranteed term deposit investments with various term lengths plus professionally managed mutual fund pools for business capital, with diversification across asset classes.
• Banking Services Ancillary banking services including wire transfers, safety deposit boxes, foreign exchange, night deposit, certified cheques, and money orders.
• Financial Planning Expert advisory services covering tax planning, investment planning, and insurance planning delivered by certified financial planners.
• Online Banking Web-based digital banking platform enabling account management, bill payments, Interac e-Transfers, and transaction monitoring via browser.
• Mobile Banking Smartphone and tablet banking application enabling account access, card management including Lock'N'Block, mobile cheque deposits via Deposit Anywhere, and payments on the go.

Quantifiable outcome

• Deposit protection up to $250,000 per depositor
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and flagship.

• CUMIScoreStrategic or Co-development PartnerCUMIS provides home and auto insurance products offered through the credit union. Insurance coverage includes home protection for theft and unforeseen events, personal liability, and auto insurance for accidents, legal costs, medical treatment, and property damage.
• Collabria Credit CardscoreChannel Partner/ Reseller/ DistributorCollabria provides co-branded credit card products including Classic MasterCard, Cashback MasterCard, Centra Gold MasterCard, US Dollar MasterCard, Travel Rewards Gold MasterCard, World MasterCard, and Cash Back World Elite Mastercard.
• Qtrade Direct InvestingcoreChannel Partner/ Reseller/ DistributorQtrade Direct Investing provides online brokerage services marketed as Canada's #1 online trading platform. Members can buy and sell stocks, bonds, ETFs, and mutual funds with low trading fees through an award-winning platform.
• VirtualWealthcoreChannel Partner/ Reseller/ DistributorVirtualWealth provides robo investing services offering fully automated portfolio management with personalized portfolios matched to financial goals, continuous rebalancing, and professional oversight.
• Credit Union Deposit Guarantee CorporationcoreOthersProvides deposit insurance guaranteeing member deposits up to $250,000, ensuring the highest protection available in Nova Scotia for credit union deposits.
• Atlantic CentralcoreOthersAtlantic Central is the central organization for Atlantic Canada's credit unions, providing services and support to member credit unions including Caisse populaire de Clare.
• Nova Scotia Credit UnionsflagshipStrategic or Co-development PartnerJoint partnership for the First-Time Homebuyer Pilot Program, a mortgage product offered exclusively by Nova Scotia Credit Unions and backed by a deficiency guarantee from the Government of Nova Scotia. Helps first-time buyers purchase homes with as little as 2% down.
• THE EXCHANGE NetworkcoreOthersATM network providing surcharge-free access to over 3,000 ATMs across Canada for credit union members.

Scale indicators5 records

Expansion highlights5 records

Regional players

• UNI Coopération financière: New Brunswick-based bilingual (French/English) credit union cooperative serving Acadian communities. Same cooperative model, bilingual positioning, and Atlantic Canada footprint, though serving a different province without direct branch overlap.
• Alterna Savings: Ontario-based member-owned credit union with bilingual service and a full personal/business banking, mortgage, and investment product suite. Comparable cooperative model and similar scale category, though Ontario-centered.
• Conexus Credit Union: Saskatchewan-based member-owned credit union offering full personal, business, and agribusiness banking. Comparable cooperative charter, product suite, and member-owned philosophy, though serving a different regional economy.
• Coastal Credit Union: Credit union serving the New Brunswick and Nova Scotia Atlantic coast with retail banking, mortgages, and business services. Comparable Atlantic Canadian footprint, bilingual capacity, and cooperative structure, but geographically distinct in primary markets.

Broad incumbents

• Desjardins Group: Canada's largest cooperative financial group and the originator of the "caisse populaire" model the subject company is named for. Operates a national network of credit unions across Quebec and Ontario with broad retail, business, wealth, and insurance capabilities — the institutional archetype for Caisse populaire de Clare.
• Vancity: British Columbia's largest community credit union with full retail, business, and wealth capabilities. Comparable member-owned cooperative model and community-development mission, but operating at much larger scale in a different region.

Direct peers

• Sydney Credit Union: Nova Scotia member-owned credit union delivering chequing/savings, mortgages, loans, credit cards via Collabria, and investments via Qtrade. Same Atlantic Central and Credit Union Deposit Guarantee Corporation memberships make for direct product and operational comparability.
• East Coast Credit Union: Another Nova Scotia-based community credit union offering the same suite of retail and business banking, mortgages, and member-owned cooperative structure. Head-to-head competitor in overlapping NS markets and shares Atlantic Central affiliation.
• Valley Credit Union: Small Nova Scotia credit union serving the Annapolis Valley region with personal and business banking, mortgages, and registered investment products. Closely comparable scale, member-owned model, and Atlantic Canada footprint.

Emerging players

• Tangerine (Bank): Direct bank subsidiary of Scotiabank operating primarily digitally with no physical branches. Increasingly competes for the same deposit, savings, and consumer lending relationships as Caisse populaire de Clare but without a community cooperative value proposition or physical service model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/caissepopclare
• Facebookfacebook.com/caissepopclare
• LinkedInca.linkedin.com/company/caissepopclare
• Instagraminstagram.com/caissepopclare

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Caisse populaire de Clare