MemberDirect MyLSM Interest Rates Home Mortgages Investing Calculators Contact Us ABOUT US About Us Interest Rates MemberDirect® Login Privacy Legal HonestMoney OUR STORY HISTORY During the 1960s, credit union leaders decided that they had to do something to provide mortgages for their members. In 1966, together with the Nova Scotia Credit Union League (now Atlantic Central), they incorporated League Savings and Mortgage Company (League Savings) under a special act of the Parliament of Canada. League Savings began business in 1968 from an office in Antigonish, Nova Scotia, and moved to Halifax, Nova Scotia in 1971. League Savings started doing business in New Brunswick in 1976, Prince Edward Island in 1989, and Newfoundland and Labrador in 2000. LEAGUE SAVINGS AND MORTGAGE OWNERSHIP Atlantic Central is the sole shareholder of League Savings by virtue of owning 100% of the common shares. Through Atlantic Central, Class LSM shares are held by New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island credit unions. REGULATION Continued under the Federal Trust and Loan Companies Act Regulated by the Office of the Superintendent of Financial Institutions (OSFI). Member of the Canada Deposit Insurance Corporation (CDIC). ANNUAL REPORTS Annual Reports 2020 Annual Report 2019 Annual Report 2018 Annual Report 2017 Annual Report Get the latest version of Adobe reader here. *For archives from years not listed, please contact us. FEDERAL REGULATORY DISCLOSURES RESIDENTIAL MORTGAGES In June 2012, OSFI issued the B-20 Guideline on Residential Mortgage Underwriting Practices and Procedures. The guideline became effective in the first quarter of 2013. As a Federally Regulated Financial Institution actively engaged in residential mortgage lending and acquisitions, League Savings and Mortgage Company is required to comply with the Guideline which includes making public disclosure on its residential mortgage portfolio. Please click the links below for quarterly details of the residential mortgage portfolio at League Savings and Mortgage Company. Residential Mortgage Disclosures Residential Mortgages – Public Disclosure Q3, 2021 Residential Mortgages – Public Disclosure Q2, 2021 Residential Mortgages – Public Disclosure Q1, 2021 Residential Mortgages – Public Disclosure Q4, 2020 Residential Mortgages – Public Disclosure Q3, 2020 Residential Mortgages – Public Disclosure Q2, 2020 Residential Mortgages – Public Disclosure Q1, 2020 Residential Mortgages – Public Disclosure Q4, 2019 Residential Mortgages – Public Disclosure Q2, 2019 Residential Mortgages – Public Disclosure Q1, 2019 Residential Mortgages – Public Disclosure Q4, 2018 Residential Mortgages – Public Disclosure Q3, 2018 Residential Mortgages – Public Disclosure Q2, 2018 Residential Mortgages – Public Disclosure Q1, 2018 Residential Mortgages – Public Disclosure Q4, 2017 Residential Mortgages – Public Disclosure Q3, 2017 Residential Mortgages – Public Disclosure Q2, 2017 Residential Mortgages – Public Disclosure Q1, 2017 *For archives from years not listed, please contact us. CAPITAL On June 26, 2012, the Basel Committee on Banking Supervision (BCBS) issued its final rules on the information Financial Institutions must publicly disclose when detailing the composition of their capital. Entitled, Composition of capital disclosure requirements – Rules text (http://www.bis.org/publ/bcbs221.pdf), the publication sets out a framework to ensure that the components of Financial Institutions’ capital bases are publicly disclosed in standardised formats across and within jurisdictions for Financial Institutions subject to Basel III. In October 2011, OFSI issued its interim capital disclosure requirements for Q1 and Q2 of 2013, and in July 2013, OSFI issued its final Advisory detailing the requirements for Financial Institutions in Canada. Please click the links below for quarterly details of the composition of capital at League Savings and Mortgage Company. Capital Disclosures Capital – Public Disclosure Q3, 2021 Capital – Public Disclosure Q2, 2021 Capital – Public Disclosure Q1, 2021 Capital – Public Disclosure Q4, 2020 Capital – Public Disclosure Q3, 2020 Capital – Public Disclosure Q2, 2020 Capital – Public Disclosure Q1, 2020 Capital – Public Disclosure Q4, 2019 Capital – Public Disclosure Q3, 2019 Capital – Public Disclosure Q2, 2019 Capital – Public Disclosure Q1, 2019 Capital – Public Disclosure Q4, 2018 Capital – Public Disclosure Q3, 2018 Capital – Public Disclosure Q2, 2018 Capital – Public Disclosure Q1, 2018 Capital – Public Disclosure Q4, 2017 Capital – Public Disclosure Q3, 2017 Capital – Public Disclosure Q2, 2017 Capital – Public Disclosure Q1, 2017 *For archives from years not listed, please contact us. League Savings and Mortgage Company Address: 6074 Lady Hammond Road Halifax, Nova Scotia B3K 2R7 Phone: Local (902) 453-0680 Toll Free (800) 668-2879 Email: lsmhalifax@aclsm.ca Residential Mortgages Phone: Toll Free (833) 204-7532 Fax: Toll Free (833) 204-7533 Email: lsm@lenderservices.ca Investments Phone: Local (902) 453-4220 Toll Free (800) 668-2879 Fax: Local (902) 454-3116 Toll Free (866) 860-3116 Email: lsmhalifax@aclsm.ca Commercial Mortgages Phone: Local (902) 453-4220 Toll Free (800) 668-2879 Fax: Local (902) 453-4006 Toll Free (800) 304-6313 Email: commercialadmin@aclsm.ca © League Savings and Mortgage Company, 2020 Privacy | Legal | Glossary | Contact Us