Company Information

Get to know Reddy Kilowatt Credit Union

Originally chartered in 1957 to serve the employees and families of Newfoundland Light & Power Co. Limited, Reddy Kilowatt Credit Union is a non-profit financial cooperative. It is owned and operated by its members, with a mission to provide competitive financial services while maintaining long-term financial stability. Membership is primarily open to employees, retirees, and families associated with Newfoundland Power and Fortis Inc.

Industry

Financial BankingPRIMARY
Financial Other Service

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Reddy Kilowatt Credit Union

Canada

Founded in

1956 (70 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.