Open Data for Canadian Credit Unions
Modern tools, including Open Data, to help Canadian credit unions serve individuals and small businesses – growing membership, deepening relationships, and driving fairer lending.
The challenge facing Canadian credit unions
You’re already seeing it. Creditworthy members are being declined by rigid credit models, while younger Canadians increasingly look elsewhere for financial services. Your average member is now over 53, and the opportunity to reach the next generation has never been greater.
At the same time, small business lending remains stuck in manual processes. Nearly half of Canadian SMEs sought external financing in 2023, with many facing barriers due to limited cashflow data and shorter credit histories. The Competition Bureau recently confirmed that SMEs in Canada face higher borrowing costs than in other OECD countries.
Both groups face friction when accessing fair credit, and credit unions are best placed to solve it.
Smarter lending technology doesn’t just help you say ‘yes’ more often. It helps you grow your membership, support local business, serve your communities better, and compete where the big banks can’t.
Our approach: bringing Open Data to Canadian credit unions
To help address these challenges, NestEgg is working with Canadian credit unions to introduce affordability insights into loan decisioning using Open Data.
Start approving more creditworthy members and small businesses now. We transform real-time banking data into smarter lending decisions for both personal and business borrowers. This means helping members and small businesses access credit faster and with more confidence.
What We Offer
Approve in minutes, not days
Real-time banking data means instant lending decisions for personal and business borrowers. Give members answers when they need them, and win business before they look elsewhere.
Grow your reach
Turn credit invisibles into loyal borrowing members and attract more small business accounts with instant loan offers as they onboard.
Support community enterprise
Open accounts and approve cashflow loans instantly, giving community businesses the speed and support they can't get from banks.
Stay values-led
Serve underserved Canadians and small businesses without compromising on risk.
Why NestEgg
Why NestEgg
Why NestEgg
We bring deep expertise in combining Open Data, credit bureau data, and custom decisioning rules – all designed to help credit unions lend more fairly, confidently, and competitively.
Join the Conversation
Hear how open data is already helping lenders make faster, fairer decisions. We’ll also explore what it could mean for Canadian credit unions.
November 12, 2025
NestEgg Limited is regulated by the Financial Conduct Authority as a Provider of Credit Information Services and for Credit Broking (Firm Reference Number: 920630, Company number: 10427741) NestEgg Limited is acting as an agent of TrueLayer, who is providing the regulated Account Information Service and is Authorised and Regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 and Electronic Money Regulations 2011 (Firm Reference Number: 901096). Copyright © 2025 · NestEgg Ltd
