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WE'RE CELEBRATING

75 Years of Clearly Better Banking

For 75 years, Luminus Financial has empowered people and communities, evolving from Starnews Credit Union into a thriving member-owned financial institution.

Our Story

Luminus Financial traces its roots back to September 26, 1951, when Starnews Credit Union was founded by employees of the Toronto Star who wanted to help each other access fair financial services such as loans and mortgages.

What started as a cooperative built on mutual support has grown through innovation, partnerships, and mergers with like-minded credit unions. Over the decades, we have expanded our services and strengthened our ability to serve diverse communities throughout Ontario.

In 2010, Starnews Credit Union received open bond status, enabling it to welcome individuals, families, and organizations from across the province. Soon after, we launched a new identity, Luminus Financial, reflecting our vision to bring clarity, opportunity, and better banking experiences to our members.

Today, Luminus Financial continues to build on that founding spirit of cooperation, helping members achieve their financial goals while supporting the communities we serve.

Looking Back On Our Journey

1951

Starnews Credit Union receives its charter, founded by Toronto Star employees seeking fair and accessible financial services.

2007

Our “What Can We Do for You?” recruitment campaign earns the Image Enhancement Golden Mirror Award from the Credit Union Executives Society.

2010

A transformational year:

  • Starnews becomes an open bond credit union, allowing membership across Ontario.

  • Starbews changes names and becomes Luminus Financial.
  • Campbells Employees’ (Toronto) Credit Union and Air Toronto Credit Union join the organization.

2011

  • Food Family Credit Union joins Luminus Financial.

  • The Luminus Financial brand is officially launched, promising members “Clearly better banking.”

  • Luminus receives the AIME Award for Achievement in Marketing Excellence from the Marketing Association for Credit Unions.

  • Honourable Mention at the Central 1 inNOVAtion Awards.

2012

Luminus is invited to address executives from Latin American credit unions through the World Council of Credit Unions, sharing insights on innovative financial services.

2013

Launch of the Remit Now, Pay Later Program, supporting the Filipino community in Ontario and helping increase Filipino membership by 10%.

2015

Opening of the innovative Financial Hub at 1 Yonge Street in downtown Toronto.
Through partnerships with Sun Life Financial and Interchange Financial, the hub offers wealth management, insurance services, and access to more than 70 foreign currencies.

2015

The Remit Now, Pay Later initiative earns the Concentra emPOWERING Your Communities Award for its impact in the Filipino community.

2016

Luminus receives the Laserfiche “Run Smarter” Award for Best Human Resources Initiative.

2017

Victory Community Credit Union joins Luminus Financial, strengthening our cooperative network.

2019

Luminus Financial is named Toronto Star Reader’s Choice Diamond Winner in the Professional Services Credit Union category.

2023

Airline Financial Credit Union joins the Luminus family, continuing our tradition of growth through collaboration.

Community at the heart of everything that we do

Since the beginning, Luminus Financial has believed that banking should strengthen communities. From launching innovative programs for underserved markets to building partnerships that expand access to financial services, our focus has always been on improving the lives of our members.

Our initiatives, including community-focused financial programs and strategic partnerships, reflect our commitment to the cooperative principles that have guided us since 1951.

Looking Ahead

Seventy-five years ago, a small group of coworkers came together with a simple idea: people could achieve more by working together. Today, that idea continues to guide us.

As we celebrate this milestone, we remain committed to innovation, community, and delivering clearly better banking for generations to come.

Thank you to our members, employees, and partners for being part of the Luminus Financial story.

Ready to get started?

Dear Members: In connection with the audit of the financial statements of Luminus Financial Services & Credit Union as at December 31, 2025 and for the year then ended, please review your statement. If it does not agree with your records, please report any differences directly to our auditors, MNP LLP: Bryn Hafer, bryn.hafer@mnp.ca, (416) 617-3074.

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