Founded in 1938 in Moncton, New Brunswick, as the CN (Shops) Credit Union, OMISTA provided day-to-day financial services to the workers of the CN repair shops. In 1970, Moncton Shops (CN) Credit Union owners voted to provide full financial services to all residents of Metro Moncton and adopted a new name ~ OMISTA Credit Union.
In January 2010, OMISTA and York Credit Unions amalgamated, creating a new 4 branch OMISTA Credit Union. York Credit Union began as Saint Dunstan's Credit Union in 1953. In 1978, owners voted to provide service to all residents of Fredericton and surrounding area and became York Credit Union. In 1999 York Credit Union amalgamated with Base-Gagetown Credit Union to serve owners in the Oromocto area.
As a Certified B Corporation, OMISTA Credit Union has been recognized as a leader of a global movement of people using business as a force for good.
B Corporations are a new kind of company that use the power of business to solve social and environmental problems. B Corps are certified by the non-profit B Lab® to meet rigorous standards of social and environmental performance, accountability, and transparency; and as a result improve the quality of life in our communities.
B Corporation Certification takes a holistic approach to all aspects of a business and brings together many diverse movements - from the sustainable agriculture movement, to microfinance, to clean technology, to organics, to Buy Local. B Corporation Certification amplifies the voice of this diverse marketplace behind the power of a unifying force that stands for a better way to do business.
Why we became a B Corp
Why did we become B Corp™ certified?
We think you will agree that business should have a higher social purpose beyond simply profit. For decades Credit Unions have been putting people before profits. OMISTA Credit Union is part of a global movement of business leaders who seek to redefine success in business, so that one day all companies compete not only to be the best in the world, but to be the best for the world.
B Corps are obligated to consider the impact of their decisions not only on shareholders but also on their workforce, the community, their suppliers, consumers, and the environment. This movement empowers the B Corp™ community to use business as a tool for social change.
Receiving the B Corp Certification confirms OMISTA’s purpose as a financial cooperative focused on doing business by Investing in Each Other. This means, by investing in our customers, our employees, and our communities.
What does being a B mean to us?
• Providing the most empowering advice and solutions you need to succeed
• Making you our priority, because you’re a customer and an owner … your success is our success
• Making decisions that impact you, right here in the markets where we all operate and live
Investing in our employees
• Providing a performance review process so employees know how their work contributes to OMISTA’s success
• Aligning employees’ passions with their work as well as offering additional engagement opportunities
• Creating a workplace culture that supports employee wellness and sustains work life balance
Investing in our communities
• Building stronger, healthier, financially wiser communities by working with organizations and on projects that have a significant, positive impact
• Embracing a spirit of volunteerism through our employees as active participants and leaders supporting a wide-range of community organizations
When you bank with OMISTA, the money you deposit stays in the community. Profits are reinvested locally to benefit our members, their Credit Union, and our shared communities. Customer deposits and loans strengthen and build our local economy and enhance our quality of life. Your dollar could become a student’s university degree, or a loan for a family’s first home. We believe in investing in something bigger… each other.
CEO Richard Vaillancourt.
OMISTA Credit Union is part of a growing community of more than 2000 Certified B Corps from 50 countries and over 130 industries working together to build better business, better communities, and a better world.
Read OMISTA's full B Corp profile.
Learn more about what being a B Corporation means and about how you can join us in making the world a better place.
Find out more about becoming a customer