Credit Union Quick Facts

(as of December 31, 2019, unless otherwise indicated)
  • Today there are 40 credit unions in Saskatchewan serving 208 communities through 235 service outlets.
  • Credit unions offer financial products and services to more than 482,000 members.
  • Saskatchewan credit union assets reached over $24.7 billion with revenue of over $1.1 billion.
  • Credit union lending amounts were close to $19.6 billion.
  • Over 370 board members are locally elected by members of each credit union to provide strategic direction to their management teams.
  • As independent financial institutions owned and controlled by their members, credit unions are shaped by community needs. Saskatchewan credit unions range in asset size from $19 million to more than $6 billion.
  • In 2019, Saskatchewan credit unions returned over $9.8 million to their members in the form of patronage equity contribution and dividends.
  • Credit unions are a major contributor to Saskatchewan's economy, employing over 3,300 people.
  • Funds held on deposit in Saskatchewan credit unions are fully guaranteed through the Credit Union Deposit Guarantee Corporation. The full guarantee is made possible through a comprehensive deposit protection regime that is focused on prevention. Read more about the guarantee.

Information from www.saskcu.com

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