Why Choose a Credit Union?
Credit union members are owners and decision-makers who have a say in
the actions of their financial institution. Members participate in the
running of the credit union by electing a board of directors to provide
leadership and to ensure that the views of the members are recognized
Local ownership means local understanding; and, when you're an owner,
you share in the success of your credit union. Many credit unions distribute
patronage dividends to members in accordance with prudent business practices.
We're known for personalized, friendly service, providing a helping
hand when we're needed, supporting our members and communities year after
CLICK HERE to see a video on how credit union's give back to the communities they serve.
Credit unions belong to a large co-operative network provincially,
nationally, and internationally. This network, consisting of specialized
organizations, enables credit unions to provide members
with a full range of financial products and services to meet the sophisticated
needs of our members.
The network includes:
- Concentra Financial - offers a comprehensive suite
of products and services that support the business needs of credit
unions and other
nationwide. Based on specific objectives, solutions can be tailored
to simplify business operations or expand product offerings through
access to Commercial Leasing, Corporate Banking, Corporate Finance,
Services and Trust Services.
- CUETS - A member of MasterCard International, CUETS
supplies card-related products and services through credit unions and
merchants across Canada.
- Credential Group - A family of companies, including
Ethical Funds Investment Services, which allows credit unions to provide
quality mutual funds
and other securities.
- The CUMIS Group Limited (CUMIS) - partners with credit unions to deliver competitive insurance and financial solutions. In doing so, it creates financial security and promotes the growth and success of the credit union system in Canada.
CUMIS’ principal companies are CUMIS Life Insurance Company and CUMIS General Insurance Company. CUMIS also has a 50 per cent interest in Credential Financial Inc. CUMIS is jointly owned by Co-operators Life Insurance Company and Central 1 Credit Union.
- SaskCentral - owned by Saskatchewan credit unions,
Credit Union Central of Saskatchewan is a second tier co-operative
supplying trade association, research, development, support and consulting
services to the province’s credit unions.
- Credit Union Central of Canada - owned by Canadian
credit union centrals, Credit Union Central of Canada is a third tier
co-operative, the national trade association and central finance facility
for credit unions in Canada.
- Celero Solutions Inc. -
a joint venture between five Canadian prairie co-operative organizations.
reliable, innovative and cost-effective information technology products
and services to prairie credit unions.
- The Co-operators - a group of wholly Canadian-owned
companies focused on insurance. As a co-operative, The Co-operators
is owned by members, including Credit Union Central of Saskatchewan.
- Credit Union Payment Services (CUPS) - provides
clearing services and related products and services to Saskatchewan
and Alberta credit unions.
- Canadian Co-operative Association - a national umbrella organization
representing co-operatives and credit unions. As a not-for-profit co-operative
owned by its members, its mission is to promote the growth and development
of the co-operative sector for the economic and social betterment of
Canadian and international communities.
- Saskatchewan Co-operative Association (SCA) -
a provincial organization that acts as a unified voice working for
the development, growth and
promotion of co-operatives in Saskatchewan. SCA operates a community
service co-operative on behalf of its co-operative and credit union
Saskatchewan can boast that more than half our population
belongs to a credit union. As locally owned financial institutions,
we can also
say that credit unions belong to their members and communities…and
we're here to stay.
With 10 million members, Canada has the highest rate of credit union
membership in the world. Worldwide, there are 118 million credit union
members in 79 countries.
We're growing to meet the demands of today's world while remaining the
financial institutions you've trusted for years.
Saskatchewan credit unions instituted a bold, groundbreaking
move in 1953: a deposit guarantee. The Credit Union Deposit Guarantee Corporation, was the
first deposit guarantor in Canada and continues to protect credit union depositors today. Deposits
held in Saskatchewan credit unions are fully guaranteed. Click here for more details.
In survey after survey, credit unions are recognized
for superior service. We are dedicated to meeting and exceeding the
needs of our members
and to helping them reach their financial goals.
We are full-service financial institutions that offer experienced lending
and wealth management services, plus Internet banking and online access
to many products. A credit union MemberCard can be used across Canada
We recognize that strong communities are the foundation for
the quality of life and positive environment Saskatchewan people deserve.
unions invest in the dreams that help our members and communities
succeed. For us, investing in people extends far beyond business relationships.
It's an essential part of who we are.
Annually, credit unions give back over $2.5 million to local causes
When disaster strikes, credit unions become collection points for Canadian
Red Cross disaster relief. Each year, credit unions throughout the province
support the Terry Fox Run, Telemiracle, and the Children's Health Foundation
Credit union employees also contribute thousands of hours of volunteer
time to events and fundraisers in their communities.
From finance to human resources, from customer service to technology,
credit unions offer excellent career opportunities in a wide variety
Credit unions support internal advancement of employees and believe
that ongoing training and development of staff is essential.
Our members deserve the best and we strive to provide exceptional, friendly
service in each and every facet of our organization. That's why we keep
member needs in mind when we look to hire.
Credit unions provide solid, meaningful employment in communities throughout
The first credit union in Saskatchewan, and in Western Canada,
started in 1910 and the second opened in 1916. It wasn't until the
that the credit union idea really took hold.
During the 1930s, crops were poor and wheat prices were very low. Credit
unions offered people and communities a way to control their own financial
By pooling resources, credit unions helped farming communities survive
during difficult times and thrive when economic conditions got better.
In 1937, a credit union opened in Regina followed by one in Lafleche
a year later. By the end of the 1938, there were 14 credit unions in
Today, credit unions serve more than half a million members throughout