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About Luminus Financial

Luminus Financial offers personal and business banking services.

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Latest Luminus Financial News

These Toronto credit unions are investing in a better way to bank

Jul 20, 2020

By Sarah EvansReaders’ Choice Editor Mon., July 20, 2020timer2 min. read 1. Best Credit Union Diamond Winner: Luminus Financial Unlike a traditional bank, Luminus Financial aims to provide a more personalized approach to finances for its 5,500 members. “Winning the Readers’ Choice award solidified the reason why Luminus Financial exists: to provide ‘clearly better banking’ to anyone living or working in Ontario,” says chief executive officer George De La Rosa. Managing assets close to $200 million, the credit union opened a unique financial hub at the base of Yonge Street in Toronto. “It gives our members an opportunity to catch up with the staff, talk about their financial needs, and get the financial advice that they’re looking for,” says De La Rosa. 2. Best Credit Union Platinum Winner: Meridian Credit Union Meridian Credit Union has grown rapidly since it took on its first member. Now Ontario’s largest credit union, Meridian Credit Union boasts more than 370,000 members who have access to 90 branches across the province. “We’ve launched award-winning campaigns and products like Price Drop, a free service that automates the traditionally time-consuming process of price matching for retail purchases,” says Scott Windsor, vice-president of corporate communications at Meridian. “We continue to hear about new ways that we can adapt to better meet the changing circumstances and needs of our membership.” 3. Best Credit Union Gold Winner: DUCA Credit Union, Richmond Hill The motto of this forward-thinking credit union is simple: “profits with a purpose.” That ethos informed the institution’s push to become certified as a B-Corp organization, a global first for a credit union, and its popular bonus share program, which sees some profits distributed among members. Though a single branch of the DUCA Credit Union opened its doors in Toronto back in 1954, there are now 16 branches dotting Southern Ontario — including the award-winning Richmond Hill team — that serve more than 70,000 members. The top 2020 nominees so far include: Moya Financial Credit Union 2020 nominations are now open! Your favourite local businesses need you! Tell us which local businesses and service providers are the best at what they do. Once nominations close on August 3, the nominees will be shortlisted and you’ll have the chance to vote for your favourite. Visit thestar.com/ReadersChoice now. SHARE:

Luminus Financial Acquisitions

1 Acquisition

Luminus Financial acquired 1 company. Their latest acquisition was Victory Community Credit Union on November 08, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/8/2017

$99M

Acquired

1

Date

11/8/2017

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

Luminus Financial Partners & Customers

2 Partners and customers

Luminus Financial has 2 strategic partners and customers. Luminus Financial recently partnered with cumark on July 7, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

7/19/2017

Partner

Luminus Financial - CUmark and Luminus Financial invite Canadians to coin new term for ‘banking’

On Tuesday , CUmark , in partnership with Luminus Financial , launched Unbanking.ca , where Canadians can suggest a new word or phrase to replace the term ` banking . '

1

8/22/2013

Partner

Canada

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10

Date

7/19/2017

8/22/2013

Type

Partner

Partner

Business Partner

Country

Canada

News Snippet

Luminus Financial - CUmark and Luminus Financial invite Canadians to coin new term for ‘banking’

On Tuesday , CUmark , in partnership with Luminus Financial , launched Unbanking.ca , where Canadians can suggest a new word or phrase to replace the term ` banking . '

Subscribe to see more

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Sources

1

10

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