Community Savings Credit Union Mortgage Lender Profile
Generally for British Columbia buyers and homeowners, including self-employed people whose income does not fit conventional bank documentation.
Who they are
Community Savings Credit Union is a British Columbia credit union that has worked with unions and their members since 1944, and describes itself as the unions' credit union. It is owned by its members and regulated by the province, and deposits are protected under British Columbia's credit union deposit insurance framework. It runs branches across the Lower Mainland and in the Victoria area from a corporate office in Surrey. Alongside residential mortgages it offers deposit accounts, credit cards, consumer and business lending, investments and insurance. It does not raise mortgage capital from outside investors.
What they lend on, and who for
Community Savings lends on residential property in British Columbia, including first-time buyer purchases, refinances and renewals. It also markets programs for self-employed borrowers and business owners whose income does not fit conventional documentation standards. Because it is regulated provincially rather than federally, it sets its own underwriting guidelines instead of following the federal requirements applied to chartered banks, which can allow extra flexibility on qualifying. Programs and eligible lending areas are confirmed by the credit union's own mortgage team, so it is worth checking early that your property is in an area it lends in.
How to approach Community Savings Credit Union
You can contact Community Savings Credit Union yourself; nothing stops you. What you cannot easily find out is what they will actually accept. Which of their products sit outside the federal stress test, how they read income that does not arrive on a T4, and what they will approve as an exception — none of that is published in full anywhere, and it moves.
A licensed broker who places files with lenders like this every week knows those criteria, and more usefully knows how to structure a file so it lands inside them rather than just outside. On anything that is not a straightforward salaried purchase, that structuring is most of the difference between an approval and a decline. It costs you nothing on a prime mortgage — the lender pays the broker when it funds.
| Lender type | Credit Union |
| Registered as | Community Savings Credit Union |
| Head office | Suite 1600 - 13450 102nd Avenue, Surrey, BC V3T 5X3 |
| Website | comsavings.com |
| Phone | 604-654-2000 |
Get notified 90 days before your renewal
Your lender contacts you at 30 days, when you have no time to shop. We reach you at 90 — early enough to lock a hold and personalize your offers.
Borrower ratings for Community Savings Credit Union
In today’s world, reviews dictate the service industry. Brokers have taken the hit for bad lenders. We bring the consumer experience to light to help borrowers decide.
How quickly did they issue a commitment and get to funding?
Was the rate you got competitive for the product you qualified for?
Could you reach someone, and did they resolve things?
Portal, e-signing, document upload, online account — did it work?
Were the terms, fees and penalties clear before you signed?
Worked with Community Savings Credit Union?
Score them on the five things above. We confirm every review by email before it publishes, and we publish the bad ones too.
Questions about Community Savings Credit Union
Is Community Savings Credit Union a real mortgage lender?
Yes. Community Savings Credit Union is a credit union based in British Columbia. Its own site is comsavings.com.
What kind of lender is Community Savings Credit Union?
Credit Union. Provincially regulated, which means they are not bound by the federal stress test. That makes them the right answer for a specific and quite common kind of file.
Should I go to Community Savings Credit Union directly or through a broker?
You can approach them yourself. The reason most people do not is that a lender's real criteria — how income is read, what is accepted as documentation, what will be allowed as an exception — are not published, and they change. A broker who works with Community Savings Credit Union regularly knows them and knows how to present a file to fit them, which on anything other than a simple salaried purchase is usually what decides the answer. On a prime mortgage it costs you nothing either way, because the lender pays the broker when it funds.
Would Community Savings Credit Union approve me?
No profile page can answer that, and any site that tries is guessing. It turns on how your income is earned and how much of it a lender will count, your credit history, the property itself, and how much you need against what it is worth. Those are the questions a licensed broker asks before naming a lender — and they will tell you which ones realistically fit, this one included, and which would price it better.
Where does Community Savings Credit Union lend?
Its head office is in British Columbia. Lending areas change and are not always the same as where the lender is based — confirm current coverage with the lender or a broker before planning around it.
Would Community Savings Credit Union take your file?
Send us the details and a licensed broker will tell you which lenders fit — this one included, and the ones that would price it better.
Send us the file