Here are answers to the general questions we hear most often.  

1. What’s a credit union?
   Credit unions are co-operative financial service organizations that are owned by their members. As a result, the focus of a credit union is different than a bank: as opposed to putting shareholders first, we put you first.
2. Can my spouse and children join the OPPA Credit Union?
   Yes. Membership is open to OPP officers, civilian members of the OPPA and the immediate family members of individuals who meet these criteria.
3. What if I don’t live in Barrie?
   Not living near our Barrie branch doesn’t stop you from banking with OPPA Credit Union. Our members live and work throughout the province. Through Internet Banking, our mobile app and THE EXCHANGE^® Network of ATMs, they always have access to their accounts. Our Financial Advisors are just as available and able to serve you by phone or email as they are in person.
4. Do I have to pay a membership fee to join?
   As a member, you are also a shareholder and must own at least one share in the credit union. While the cost is normally $100 per share, we’ll cover this cost for you, as long as you retain your membership in the OPPA Credit Union for at least ten years. If you close your account before 10 years, the Credit Union will retain the value of your shares. After 10 years, you’ll receive the full value of your shares.
5. Will my money be safe in a credit union?
   Short answer is absolutely. At the OPPA Credit Union, Eligible deposits in registered accounts have unlimited  coverage through the Financial Services Regulatory Authority (FSRA). *Registered accounts include LIRA, LIF, RRSP, RRIF, RDSP, RESP, TFSA.  Eligible deposits in non-registered accounts are insure up to $250,000 through the FSRA.
   For further information on deposit insurance, please visit the FSRA website at www.fsrao.ca