sascu Mortgages
this credit union mortgages: fixed from 4.5%, insured discounts, 120-day rate holds and 24-hour approvals.
The Banking Trade-offs
- Five-year fixed starts at 4.5% - about 0.5% below the big banks.
- Pre-approvals hold rates for 120 days at no cost.
- Insured mortgages price a further 0.15% lower.
- Document-complete files approve in about 24 hours.
Rates at a Glance
The full board: 5-yr fixed 4.50%, 3-yr 4.75%, 1-yr 5.05%, variable P-0.60%.
Rates are reviewed weekly and every pre-approval carries a 120-day hold. Member relationship discounts take a further 0.10-0.25% off the posted member rate.
| Term | Posted | Member | Insured |
|---|---|---|---|
| 5-year fixed | 4.50% | 4.40% | 4.25% |
| 3-year fixed | 4.75% | 4.65% | 4.50% |
| 1-year fixed | 5.05% | 4.95% | 4.85% |
| 5-year variable | P - 0.6% | P - 0.6% | P - 0.7% |
The Process
Pre-approval in 2 hours, full approval in 24 hours, close in as little as 21 days.
The desk publishes every step and a penalty calculator; closing day is a single signature session. This method does NOT apply to rental files, which add due diligence.
sascu vs the Banks
The 0.5% gap saves about $1,440 a year on a $400,000 mortgage.
On a $400,000 25-year amortization, the payment at 4.5% is roughly $2,220 versus $2,340 at a typical bank. The official methodology is detailed in the sascu overview.
See the rate comparison page for the full table.
Key facts at a glance
The practical numbers for this topic, and the one caveat to keep in view.
- 5yr fixed: 4.50%.
- Rate hold: 120 days.
- Approval: 24 hours.
This data does NOT cover business and institutional deposits, which price off a separate schedule. Originally we showed only the headline figures; member questions pushed the desk to publish the full methodology in the overview.
The official methodology is detailed in the sascu overview.
One more thing about Mortgages
What is the this credit union 5-year mortgage rate?, answered plainly: The posted 5-year fixed mortgage rate is 4.50%, with a 4.40% member rate and 120-day holds..
Members ask about "What is the this credit union 5-year mortgage rate?" more than any other topic this quarter. The short answer: The posted 5-year fixed mortgage rate is 4.50%, with a 4.40% member rate and 120-day holds.. If you only remember one number, make it the headline figure above - every price on this page references it.
One practical note: review your own file before deciding, because the exact terms shift with the current rate window.
Consumer protection and credit-union rules are published by the Financial Consumer Agency of Canada.
Our fleet loans price off a clear board, and the advisor adjusts the schedule to our season.
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