Why choose a credit union
There are so many reasons to choose a credit union over a traditional bank. Profit-sharing with members, and reinvestment in our communities are just two examples. But most importantly, we want you to feel like you’re making the right choice.
Here are some reasons we think a credit union is the smart way to bank.
Key highlights of a credit union
Credit unions are member-owned while banks are owned by shareholders. That means you have a say on how your credit union operates while banks answer to their shareholders.
Credit union profits go back to their members, such as offering No-Fee Chequing Accounts. They also invest their profits back into the local community. Bank profits are paid to their shareholders and your local community rarely benefits.
Credit unions are driven by their members. They take the time to listen, ask questions and help you achieve your financial goals. You are their number one priority.
Credit unions have a one team model approach and are all part of the Ding Free network, allowing members to access a number of ATMs across Canada for free. With banks, you can only use their products and services and you will be charged for using other banks’ resources.
We are always member first
Our proprietary Financial Health Indicator is an internal tool that looks at nine specific drivers that lead to improved financial well-being for our members:
Spending so that I have something left at the end of the month
Access to $2,000 emergency fund
Not going overdrawn in the past year
Savings to cover three months expenses
Have financial ability to save 10% in the month at least once a quarter
Transferring money into a savings account at least once a quarter
Effectively managing my debt
Diverse savings vehicles to support medium and long-term financial goals
Working towards saving for retirement
We’re not just a bank, we’re also your neighbour
We reinvest up to 5% of our pre-tax profits back into our communities. In 2021, we re-invested more than $1.9 million back into Saskatchewan communities through our Community Investment Program.
Over the last five years, our re-investments total more than $9.5 million. We know when someone’s basic human needs are met, they can become financially well. We’re proud to partner with community and non-profit organizations that are making a meaningful difference in people’s lives right here in our own backyard.