Join the 80,000+ members who bank with us!
About Us
We are actually about you. From our purpose to our Responsible Banking™ philosophy, you can feel good about where you bank.
“I signed up online. It was easy - it only took a few minutes!”
“I signed up online. It was easy - it only took a few minutes!”
“Getting approved for a loan was such a quick and easy process.”
“Getting approved for a loan was such a quick and easy process.”
“They get us an amazing rate and answered our questions in a way we understood.”
“They get us an amazing rate and answered our questions in a way we understood.”
Tell Me More About Responsible Banking
In the simplest terms, it's doing the right thing. Here is what you can expect from us as your credit union.
Ethical Practices
Acting in your and your community's best interest.
Transparency
Ensuring clear communications. There are no hidden fees.
Community Impact
Reducing poverty, enhancing health, and promoting education.
Responsible Banking in Action
No-Fee Banking
When we introduced our No-Fee Chequing Account, we automatically switched 23,000 members to it, so they could start saving money right away. It's simiply the right thing to do.
Member Rewards
With our Member Rewards program, you save on fees, earn cash, and help us give back to your community. You deserve a share in our profits for choosing to bank with us.
Staff Empowerment
When we faced a declining membership in smaller rural communities, we kept advice centres open. Our staff learned new skills to help you like being a part of our call centre queue.
Who are we?
Innovation Federal Credit Union is one of the largest credit unions in Saskatchewan with approximately 500 amazing employees and more than $5.8 billion in managed assets. Our purpose is to simplify banking for Canadians!
We serve 80,000+ outstanding members across 30 advice centre locations including Regina, Saskatoon, and Edmonton.
As a member-owned cooperative, we use our profits to make life better for you, our communities, and our world.
We offer free banking solutions to save you money.
We provide quarterly returns to our members. Since 2007, we’ve shared nearly $55.0 million with our membership!
We reinvest a minimum of 2% of pre-tax profits back into the communities we serve. Since 2007, we've donated $11.6 million to our communities.
It's all part of our Responsible Banking™ philosophy!
With the overwhelming support of our membership, we're excited to be one of the first credit unions in Canada to be a Federal Credit Union under the Bank Act.
Our Commitments
Co- operative Principles
Learn about being a member of a co-operative.
Codes & Commitments
Explore our codes of conduct and public commitments.
Sustainability Initiatives
Eco-Friendly Solutions
Discover banking solutions to support your environmental sustainability goals:
- for home renovations,
- for Zero-emission vehicles, and
- for responsible investing.
Renewable Energy
We invest in the SES Solar Co-operative, a renewable energy co-operative. Solar panels:
- lower electricity bills,
- increase property value, and
- reduce carbon emissions.
Climate Reports
We are building foundations to understand and manage climate-related factors affecting:
- our members,
- our communities, and
- our long-term resilience.
Questions
What is a federal credit union?
A federal credit union can promote and offer products and services to people across Canada. Being a federal credit union lets Innovation:
- meet challenges such as changes in consumer behavior and technology needs.
- compete with banks or technology companies that provide financial services.
- diversify and minimize risk by seeking deposits across the country to support lending in the communities we serve
- have access to more members, and
- be more resilient today and tomorrow.
Federal credit unions are regulated by the federal Office of the Superintendent of Financial Institutions (OSFI) and eligible deposits with a federal credit union are insured by Canada Deposit Insurance Corporation (CDIC).
How did you become a federal credit union?
82% of our members voted in favor of us becoming a credit union with national reach. It is thanks to your support and endorsement of this transition that we can continue to offer competitive products and services, give back to the communities we serve, and grow into the future. You’re helping us secure the future of your credit union!
When did you become a federal credit union?
We became the first federal credit union headquartered in Saskatchewan effective June 23, 2023.