Raymore Credit Union

What Raymore Credit Union does

Raymore Credit Union (RCU) is a member-owned cooperative credit union founded in 1949 and headquartered in Raymore, Saskatchewan, with a second branch in Dysart and approximately 22 staff. It serves personal members, agricultural operators, and small businesses in rural Saskatchewan through a full-service banking, borrowing, and investing platform. The credit union's lending franchise is anchored in agricultural products, including CALA federally guaranteed loans (up to $3 million for cooperatives), Ag Quick Loans (re-advanceable credit), Ag Investment Loans (RRSP borrowing for farmers), Ag & Business mortgages (up to 75% LTV, 25-year amortization), Business Improvement Loans under the Canada Small Business Financing Program, and Ag Loan & Mortgage Insurance.

RCU's product suite spans personal banking (chequing, savings, Collabria Visa credit cards with Apple Pay/Google Pay/Samsung Pay/Click to Pay), registered investment products (TFSA, RRSP, RRIF, RESP, LIRA, term deposits, MarketFlex index-linked deposits, Prairies Basket equity-linked deposits), mutual funds through Credential Asset Management, self-directed brokerage via QTRADE Investor, and wealth advisory through Aviso Wealth. Digital channels are delivered on the Celero Solutions MemberDirect platform, with INTERAC e-Transfer, mobile remote deposit (Deposit Anywhere), epost electronic billing, Yodlee personal financial management, and Agility Forex international transfers integrated into online and mobile banking.

Revenue is generated through net interest income on loans and mortgages, deposit funding costs, service fees, Collabria credit card revenue share, mutual fund and QTRADE commissions, Aviso Wealth advisory referrals, and government-guaranteed lending programs. Distribution is direct-to-consumer via two physical branches and digital channels, with marketing concentrated on community engagement (Future Leaders Scholarship, $50,000 annual Growing Communities Grant, 950+ staff volunteer hours) and local sponsorships. No public filings, revenue figures, or membership counts are disclosed.

Name

Raymore Credit Union

Legal name

Raymore Credit Union

Website

https://raymorecu.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Raymore Credit Union is a member-owned cooperative credit union in Saskatchewan operating two branches (Raymore and Dysart) that provides personal banking, agricultural and business lending, registered investment products, and wealth advisory to rural Saskatchewan members, with approximately 22 staff.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (522130), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), Personal Credit Institutions (6141)

akta.pro primary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

akta.pro secondary industries

Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG), Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

Keywords

• Retail banking services
• Agricultural lending
• Credit union services
• Consumer banking
• Wealth management

Headquarters

HQ city

Raymore

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Revenue from interest earned on loans including mortgages, personal loans, agricultural loans, and lines of credit extended to members
2. Deposit Interest: Interest paid to members on savings accounts, TFSAs, RRSPs, and term deposits
3. Service Fees: Fees charged for various banking services including account maintenance, transactions, and specialized services
4. Credit Card Partnership: Revenue sharing from Collabria credit card program offered to members
5. Wealth Management Products: Commissions from mutual funds, registered accounts, and financial planning services through Aviso Wealth and QTRADE Investor partnerships
6. Agricultural Lending Programs: Government-guaranteed loan programs including CALA and Canada Small Business Financing Program that facilitate agricultural and business lending

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Raymore Credit Union is a member-owned financial cooperative headquartered in Raymore, Saskatchewan, Canada. It provides personal banking, business banking, agricultural lending, and investment products to its members through two physical branches (Raymore and Dysart), online banking, and mobile banking channels.

Product overview

Raymore Credit Union is a Canadian credit union offering a comprehensive suite of financial services primarily serving agricultural and rural communities in Saskatchewan. The product portfolio spans four core areas: Banking (personal and business chequing/savings, Ways to Bank multi-channel access), Borrowing (personal loans, agricultural/business mortgages, specialized ag loans including CALA, BIL, Ag Quick Loans, and credit cards via Collabria), Investing (registered plans TFSA/RRSP/RRIF/RESP, term deposits, market-linked deposits, mutual funds, and brokerage via Qtrade Investor), and Community (scholarships and community grants). Digital banking is delivered through MemberDirect online and mobile platforms powered by Celero Solutions, integrating with Interac for payments, epost for billing, Yodlee for financial aggregation, and Agility Forex for international transfers. Wealth management services are provided in partnership with Aviso Wealth. The credit union emphasizes agricultural lending expertise with products like Ag Investment Loans for RRSP borrowing, Ag Loan & Mortgage Insurance, and Agri Invest offerings.

Differentiator

Problem solved

Functional benefit

Brands

• RCU: Abbreviated brand name used for Raymore Credit Union in marketing and communications.

Products and services

• Personal Banking
• Business Banking
• Agricultural Lending
• Investment Products
• Digital Banking Services
• Credit Card Services

Quantifiable outcome

• $50,000 granted annually to community non-profits
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

Feature6 records

Partnerships

Twelve partnerships are on record, tiered core and secondary.

• Collabria Credit CardscoreChannel Partner/ Reseller/ DistributorCollabria provides credit card products offered to Raymore Credit Union members. Members can apply for various credit cards with benefits including cash back, travel perks, and mobile payment integration through the CardWise app.
• Aviso WealthcoreGTM or Marketing PartnerAviso Wealth provides financial planning services, wealth advisory, and investment products to RCU members. RCU staff including Financial Planners and Wealth Advisors are affiliated with Aviso Wealth.
• QTRADE InvestorsecondaryTechnology or IntegrationOnline brokerage platform integrated into RCU's investment offerings, allowing members to self-direct investments.
• Central 1 Credit UnioncoreTechnology or IntegrationCentral 1 provides technology infrastructure, services, and payment processing for credit unions, including the Mobile Remote Deposit Services and account transfer services.
• Celero Solutions Inc.coreTechnology or IntegrationTechnology partner providing PFM (Personal Financial Management) services and account aggregation through Yodlee Inc., and other banking technology solutions.
• Agility Forex (AFL International Transfers)secondaryTechnology or IntegrationInternational money transfer platform integrated into RCU online banking for currency exchange and international fund transfers.
• Credential Asset Management Inc.secondaryGTM or Marketing PartnerProvider of mutual funds offered through RCU to members for investment products.
• Canada Small Business Financing ProgramcoreOthersFederal government program under Innovation, Science and Economic Development Canada that provides government-guaranteed loans up to $500,000 for small business improvements and expansion.
• Canada Agricultural Loans Act (CALA)coreOthersFederal government guaranteed loan program helping eligible farmers and farm co-operatives access financing for operations, equipment, land, and buildings with up to $3 million for cooperatives.
• Interac Corp.coreTechnology or IntegrationInterac provides e-Transfer services, Online Payment services, and mobile payment infrastructure used by RCU for member transactions.
• epost (EPO Inc.)secondaryTechnology or IntegrationElectronic bill delivery service allowing members to receive and view electronic bills through online banking.
• Yodlee Inc.coreTechnology or IntegrationPFM service provider retained by Central 1 for account aggregation and personal financial management features in online banking.

Scale indicators4 records

Recent moves5 records

Expansion highlights6 records

Others

• Aviso Wealth: Wealth management partner that supplies financial planning, advisory, and investment products to Raymore and many other Canadian credit unions — relevant as the embedded wealth capability rather than a direct competitor.

Broad incumbents

• Affinity Credit Union: Large Saskatchewan credit union offering personal, business, ag, and wealth services with full digital capabilities — overlaps directly with Raymore's product set across most member segments.
• RBC Royal Bank: Canada's largest bank with full ag, retail, wealth, and digital offerings; competes for Raymore's members, especially commercial accounts that exceed Raymore's lending capacity.
• TD Canada Trust: Major Canadian bank with deep ag lending, retail, wealth, and digital banking capabilities that competes for the same Saskatchewan consumer and small-business members as Raymore.

Regional players

• Conexus Credit Union: Saskatchewan-based credit union serving similar rural and agricultural members across the province with a much larger branch and asset base, making it the most direct regional peer for Raymore.
• Innovation Credit Union: Saskatchewan-headquartered credit union with comparable ag and retail banking services to Raymore, including deposits, ag lending, and wealth products, but operating at significantly greater scale.
• Synergy Credit Union: Saskatchewan-based community credit union serving small towns and agricultural communities with deposits, ag lending, and personal banking — a closely comparable rural cooperative model.
• First Nations Bank of Canada: Canadian schedule I bank focused on Indigenous communities and rural/agriculture-adjacent markets, providing a comparable community-rooted, relationship-based banking model.

Direct peers

• Cornerstone Credit Union: Community credit union serving Saskatchewan towns with personal banking, ag lending, and wealth services — comparable cooperative structure and rural member base to Raymore.
• Plainsview Credit Union: Small Saskatchewan credit union serving rural and agricultural members with a similar branch-based, community-focused model — the closest size and scope comparable to Raymore.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/raymorecu
• Facebookfacebook.com/RaymoreCU
• LinkedInlinkedin.com/company/raymore-credit-union
• Instagraminstagram.com/raymorecu

Revenue estimate

Valuation estimate

Number of profiles

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 Raymore Credit Union