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Tru Cooperative Bank enters Ontario's mortgage market via MCAP partnership

A historic move beyond British Columbia: Tru Cooperative Bank teams up with MCAP to bring tailored mortgage solutions to Ontario brokers. Will this reshape regional lending?

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The image shows a building with windows and boards with text on them, a car parked in front of it,...
The image shows a building with windows and boards with text on them, a car parked in front of it, plants, a group of trees, and a cloudy sky. The text on the boards reads "Champion Mortgage, Inc."

Tru Cooperative Bank enters Ontario's mortgage market via MCAP partnership

Tru Cooperative Bank is expanding into Ontario’s mortgage market through a new partnership with MCAP. The move marks the bank’s first major step outside British Columbia, where it has operated for over 80 years. The collaboration aims to provide local brokers with dedicated support and market-specific expertise. The expansion comes as Tru Cooperative Bank, previously known as First West Credit Union, strengthens its Mortgage Broker Centre. By teaming up with MCAP, a leading mortgage lender and servicer, the bank will offer underwriting, adjudication, and administrative services to Ontario brokers. All mortgages will be funded using Tru Cooperative Bank’s own capital.

Launi Skinner, CEO of Tru Cooperative Bank, described the growth as part of a careful and sustainable strategy. The bank plans to use MCAP’s national experience in mortgage technology and servicing to support licensed brokers in the region. Paul Bruce, Executive Vice-President of Single Family at MCAP, also highlighted the partnership’s role in Tru Cooperative Bank’s national expansion.

The agreement allows the bank to extend mortgage access into new markets while keeping strong risk management and cooperative principles. Broker support will focus on building relationships and delivering responsive, localised service. The partnership between Tru Cooperative Bank and MCAP will bring mortgage lending through the broker channel to Ontario. This expansion builds on the bank’s long-term growth plans while maintaining its cooperative values. Local brokers will now have access to a wider range of mortgage solutions backed by Tru Cooperative Bank’s capital.

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