About OMISTA

People are at the centre of everything we do

OMISTA is Celebrating 85 years of Serving Members like you!

It all started in 1938 when the Moncton Shops Credit Union Society Limited charter was signed. The goal was to provide day-to-day financial services to the workers of the C.N. repair shops.

Fast forward to today, and OMISTA has grown into the second largest NB credit union with a focus on always putting members first. that Our decisions have been guided by this throughout our history, such as the one in 1967. In 1959, credit unions were the first to offer open mortgages. A mere eight years following this milestone, OMSTA members voted to separate mortgage loans from personal loans, enabling members the benefit of having two loans at once. Moncton Shops Credit Union Society Limited continued to grow through mergers with other credit unions in the area, leading to a name change dilemma. In 1970, the board agreed to run a contest in the local paper, with the grand prize being a portable T.V. After judging approximately 160 submitted names, the committee chose from OMISTA, South Eastern Credit Union and Greater Moncton Credit Union, with the majority favouring OMISTA - the credit union would hail from a slogan "Our Motto Is Service To All."

OMISTA has always supported the core principles that credit unions were founded upon through honestly, fairness, and trust. We have been there for firsts, such as offering the first registered education plan and wereamong the first to have ethically screened mutual funds. OMISTA looks forward to continuing to emplower the Fredericton and Moncton area communities for generations and lto many more firsts.

As a Certified B Corporation, OMISTA Credit Union is 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.

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.

In July 2022 we welcomed members of Citizens Credit Union to our credit union. Citizens Credit Union was founded by a determined group of people committed to bringing a credit union to their community when they learned they would be without a financial institution in May 1996. Citizens opened its doors on April 2, 1997. The credit union proudly served its members and communities for 25 years.  


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.

OMISTA has become a certified B Corporation, a standard that measures the company's entire social and environmental performance. " We were looking at how society as a whole is moving toward more of a grassroots approach, where people are very concerned about our planet."
CEO, Tammy Christopher

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

What does being a B mean to us?

Investing in our customers

• 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

OMISTA has become a certified B Corporation, a standard that measures the company's entire social and environmental performance. " We were looking at how society as a whole is moving toward more of a grassroots approach, where people are very concerned about our planet."
CEO, Tammy Christopher

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