• 1-888-956-6636
  • Locations
  • Online Banking
Momentum Credit Union
  • About Us
    • Who We Are
    • History
    • Meet the Directors
    • Annual Reports
    • Holiday Hours
    • Careers
  • Personal
    • Accounts
      • Chequing Savings Account
      • High Interest Savings Account
      • Youth Account
      • US Savings Account
    • Loans
      • Loan Application
      • Personal Loan
      • Personal Line of Credit
      • Consolidation Loan
      • Student Loan
      • Wedding Loan
      • RRSP Loan
      • Quick Loan
    • Mortgages
      • Mortgage Application
      • Fixed Rate Mortgage
      • Variable Rate Mortgage
      • Meritline Line of Credit
    • Investments
      • Guaranteed Investment Certificate (GIC)
      • Mutual Funds
      • Tax Free Savings Account (TFSA)
      • Registered Retirement Savings Plan (RRSP)
      • Registered Retirement Income Fund (RRIF)
      • Registered Education Savings Plan (RESP)
      • Registered Disability Savings Plan (RDSP)
      • Class A Shares
      • Deposit Insurance
    • Stages of Life
      • I’m Going To School
      • I’m Starting A New Job
      • I’m Buying A New Car
      • I’m Getting Married
      • I’m Buying A House
      • I’m Starting A Family
      • I’m Going On A Trip
      • I’m Planning My Retirement
    • Credit Cards
      • Momentum Cash Back Visa
      • Momentum Centra Gold Visa
      • Momentum Classic Visa
      • Momentum Infinite Visa
      • Momentum Travel Rewards Gold Visa
      • Momentum US Dollar Visa
  • Business
    • Accounts
      • Business Chequing Account
      • Business Savings Account
      • US Savings Account
      • Club /​ Charity Chequing
    • Loans & Mortgages
      • Canadian Emergency Business Account (CEBA)
    • Credit Cards
      • Momentum Visa Infinite Business
      • Momentum Visa Low Rate Business
      • Momentum Visa No Fee Cash Back Business
  • Ways To Bank
    • Solution Centre
    • In-Branch
    • My MCU Mobile Banking App
    • Online/​Mobile Banking
    • Telephone Banking
    • ®Member Card
    • Find an ATM
  • Rates
    • Foreign Exchange Rates
    • Deposit Rates
    • Investment Rates
    • Loan Rates
    • Mortgage Rates
    • Prime Rate
    • Fees
  • Community
    • Giving Back
    • Blog
  • Members
    • Online Banking
    • Becoming a Member
    • Membership Benefits
    • Co-operative Benefits
  • Menu Menu

Our History

Home / About Us / History

Hamilton Street Railway

February 1939

hamiltontransit.ca

Employees first meet to form their own credit union.

Otis Elevator

January 1942

hamiltonpostcards.com

Employees first meet to form their own credit union.

Ford Motor Company

July 1954

images.halinet.on.ca

Oakville Auto Employees Credit Union was founded on July 18th, 1954 by assembly line workers at Ford in Oakville.

Twin Oak Industrial Credit Union Ltd.

December 1981

Oakville Auto Employees Credit Union purchased a Credit Union serving the Glass Workers of Niagara falls as well as a second Oakville CU named Halton Community Credit Union. This amalgamation lead to the change of the name to Twin Oak Industrial Credit Union Ltd.

Hamilton Community Credit Union

January 1982

It was 1982 when Hamilton Street Railway Credit Union and Otis Elevator Employees Credit Union merge to form the Hamilton Community Credit Union.

Sheet Metal Workers Local 537

January 1987

SMW Local 537

Hamilton Sheet Metal Association joins Hamilton Community Credit Union in January of 1987.

Brampton Credit Union

September 1988

Twin Oak Industrial Credit Union Ltd., amalgamated with Brampton Credit Union on September 1st of 1988 which serviced the Chrysler Plant Auto Workers at the Brampton Chrysler Assembly Plant. With the amalgamation, the Credit Union changed its name to Twin Oak Credit Union Ltd.

Twin Oak Credit Union

June 2010
SMW Local 537

Oakville Auto Employee’s Credit Union along with the merger of Brampton Community Credit Union and other small industry Credit Unions changes its name to Twin Oak Credit Union to more accurately reflect the changed membership base.

Amalgamation

December 2010

In December of 2010, the Boards of Directors for Twin Oak Credit Union and Hamilton Community Credit Union approved the amalgamation of these two successful organizations. With a unanimous vote by the membership, Momentum Credit Union was formed.

Branch Move

June 2014

SMW Local 537

Momentum Credit Union moves its Hamilton Mountain branch from 499 Mohawk Rd E to 892 Upper James Street. The location opened on June 24th, 2014.

Mobile Banking App

March 2016

Momentum Credit Union launches its mobile banking app for Android / iOS devices on March 24th, 2016.

Solution Centre

April 2016

Momentum Credit Union launches its call centre located at the King St location on April 1st, 2016.

Corporate Office Move

April 2018

Momentum Credit Union moves its corporate office from 698 King St E to 435 York Blvd in Hamilton.

About Us

  • Who We Are
  • History
  • Meet the Directors
  • Annual Reports
  • Holiday Hours
  • Careers

Join Us

We are a financial co-operative that understands the importance of community and the value of your hard-earned money.

Apply Now

We’re social

We're social

  • Instagram
  • Linkedin
  • Twitter
  • Facebook

Connect with us and stay up-to-date with the latest news, promotions and events.

Ways To Bank

  • Solution Centre
  • My MCU Mobile Banking App
  • Online/​Mobile Banking
  • Telephone Banking
  • ®Member Card
  • Find an ATM

Personal

  • Accounts
  • Loans
  • Mortgages
  • Investments
  • Stages of Life

Business

  • Accounts
  • Loans
  • Mortgages

About Us

  • Who We Are
  • Locations
  • Careers

Tips & Tools

  • Calculators
  • FAQs
© Copyright - Momentum Credit Union. All Rights Reserved.
  • Twitter
  • Facebook
  • Instagram
  • LinkedIn
  • Youtube
Scroll to top