Innovation completes C$150 million offering of senior deposit note

On June 11, 2026, Innovation Federal Credit Union (“Innovation”) completed its inaugural C$150 million offering of 4.225% 2-year senior fixed-rate deposit notes.

This issuance achieved a record-setting order book for an inaugural fixed-rate offering from a credit union, with broad distribution across 20 unique buyers. The offering was led in conjunction with BMO Capital Markets and RBC Capital Markets.

Morningstar DBRS assigned the note a credit rating of BBB(H) with a Negative trend on June 10, 2026.

Further information can be found on Innovation’s website.

Innovation Federal Credit Union is a Canadian co-operative financial institution headquartered in Saskatchewan. It operates across Canada, providing personal banking, commercial services, and wealth management.