Join Libro Today
Welcome to Libro, where your financial well-being comes first. Get tailored coaching for your goals and banking solutions that meet your personal and business needs.
Switch your banking to Libro and put your values to work financially.
Better Together
We are all working hard to make every aspect of our lives better.
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Libro works with you to make money better by focusing on what’s important – your hopes and dreams, our communities, and the world around us.
We’re a financial institution that puts people before profits. Bank with Libro and feel confident about money.
Bank Your Way
We offer daily banking, investing, mortgages, loans and more.
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Libro offers fast, convenient access to a full range of financial products and services including daily banking accounts, credit cards, GICs, RRSPs, TFSAs, mortgages, loans, lines of credit, and more.
Whatever your banking needs are, Libro is here to help you.
Local Impact
Libro invests profits back into the people, businesses and communities we serve.
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As a Libro member, you’re part of a larger purpose.
One of the ways we do this is by supporting organizations making a positive local impact helping to address some of the most challenging issues in Ontario.
Share in Our Profits
For 2024, we returned $15.5 million to members through profit share and dividends.
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Libro is a financial co-operative, and when you bank with Libro you become a member by purchasing membership shares.
Libro distributes profits to our members in the form of profit shares and investment share dividends.
For 2024, that totaled $5.15 million.
Expert Coaching
Whatever your financial needs may be, a Libro Coach can help you reach your goal.
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Financial coaching is one important way Libro is different from banks. Every member at Libro has access to Coaches — financial experts — who care about you and your success.
Your Coach gets to know you and your situation and always offers personalized financial advice to help you reach your goals.
Business For Good
We use business as a force for good, and care about our social and environmental impact.
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Libro is proud to be a certified B Corporation®, joining leaders of a global movement of people using business as a force for good™.
B Corporations (or B Corps) are important because they inspire all businesses to compete not only to be the best in the world, but also to be the Best for the World®.
Explore Personal and Business Account Options
Personal Banking
Our chequing and savings accounts are designed to grow and change with you. Libro Coaches have the knowledge and expertise to tailor financial solutions that are right for you.
- Access to accounts, mortgages, loans, investments and more.
- Complete your banking securely anytime, anywhere, 24/7.
- Set your goals alongside a Coach to achieve your dreams.
Business Banking
Whether you’re an entrepreneur just starting out, a multi-generational farm enterprise or a small business looking to grow, we have Coaches to help you get where you’re going!
- Access to accounts, loans, business planning services, and more.
- Financial coaching tailored to your business needs.
- Receive a share of our profits.
Frequently Asked Questions
What is a member?
Credit unions are financial cooperatives that are locally owned by their account holders — at Libro, our customers are known as members.
Why do I have to buy membership shares?
To open an account at Libro, you’re required to purchase membership shares and become a member. Membership is what sets Libro apart. It means you have opportunities to impact our organization, and receive an individual share of our profits.
What’s the difference between a credit union and bank?
Credit unions provide many of the same types of financial products and services as local big banks. Differences are most notable, but not limited to, areas like profit sharing and governance:
• Profit Sharing: As large, for-profit entities, banks operate for the purpose of making a profit that is distributed to the shareholders of the bank. In contrast, credit unions reinvest profits back into the people, businesses, and local communities.
• Governance: A credit union has a board of directors made up of volunteers who have been voted in democratically, with each credit union member getting one vote regardless of how much they have invested. This means real Libro members make up our board. In contrast, a bank’s board members are appointed and paid by shareholders.
How do I switch my automated payments?
ClickSWITCH is a service that makes it easy to quickly and securely switch current automated payments, bill payments, and direct deposits from existing financial institution accounts to Libro accounts.
Once you open your new Libro account, you can login at home to complete your switches or ask your Coach for assistance.
