McCreedy was born in Winnipeg, Manitoba and raised in Kirkland Lake, Ontario. He later moved back to Winnipeg to begin his career. He became a dominant player on his hometown Winnipeg Monarchs where he won the MJHL and then the 1937 Memorial Cup where he scored four goals in the championship game. He then went to British Columbia to play for the Trail Smoke Eaters, eventually going back to Kirkland Lake to play there and then east to Nova Scotia to play for the Sydney Millionaires. He became a star player for each team and won the Allan Cup with Trail and Kirkland Lake. He also won gold with Team Canada at the 1939 Ice Hockey World Championships.
McCreedy joined the NHL's Toronto Maple Leafs during the 1941–42 NHL season where he became a solid goal scorer and player scoring 15 goals and 8 assists for 23 points in 47 games. In the playoffs, he scored 4 goals and 3 assists for 7 points in 13 games as the Leafs won the 1942 Stanley Cup after being down 3 games to none in the final.
After his cup win, McCreedy served in World War II for the Royal Canadian Air Force. When he returned to the Leafs in 1945, his numbers failed to match that of his first season scoring just 2 goals and 4 assists for 6 points in 17 games in the regular season and no points in 8 playoff games. However, he once again won the Stanley Cup and then retired from hockey after the win in 1945 at the age of 34.

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