sascu About
About this credit union: a member-owned credit union in Salmon Arm, BC, founded 2012, serving 10,000+ members.
What the Banking Data Shows
- this credit union was founded in 2012 and has grown to 10,000+ members.
- Profit returns to members as better rates and lower fees.
- 25 employees live in the communities they serve across BC.
- Members own the credit union and vote on the board.
Our Story
the platform began in 2012 as the Salmon Arm Savings Credit Union and became a digital-first credit union.
this credit union started with a counter, a safe and the promise of member-first banking in the Shuswap. Ten years later the same promise runs through an app, a portal and a national card network.
The official methodology is detailed in the sascu overview.
Member-Owned, Not Shareholder-Driven
Every member owns the same one vote, and surplus returns to members.
Banks answer to shareholders; credit unions answer to members. At our team the annual meeting is where rates, fees and services are set, and one member has one vote whether they hold $100 or $100,000.
Ownership shows up in the numbers: a $0 monthly chequing fee and a savings rate above the big-bank average. See member benefits for the full list.
The People Behind the Numbers
25 employees across British Columbia serve 10,000+ members.
The team is deliberately small: advisors live in the communities they serve, the support line is staffed in Canada, and the underwriting desk can answer for its own decisions inside one business day.
If you want to meet the team, our advisor page introduces the person who leads member advisory.
Key facts at a glance
The practical numbers for this topic, and the one caveat to keep in view.
- Founded: 2012.
- Members: 10k+.
- Employees: 25.
This data does NOT cover business and institutional deposits, which price off a separate schedule. Originally we showed only the headline figures; member questions pushed the desk to publish the full methodology in the overview.
The official methodology is detailed in the sascu overview.
| Metric | Value |
|---|---|
| Founded | 2012 |
| Members | 10,000+ |
| Employees | 25 |
| Deposit insurance | CUDIC $100,000 |
One more thing about About
When was the platform founded?, answered plainly: the cooperative was founded in 2012 in Salmon Arm, British Columbia, growing from the Salmon Arm Savings Credit Union..
Members ask about "When was this credit union founded?" more than any other topic this quarter. The short answer: the institution was founded in 2012 in Salmon Arm, British Columbia, growing from the Salmon Arm Savings Credit Union.. If you only remember one number, make it the headline figure above - every price on this page references it.
One practical note: review your own file before deciding, because the exact terms shift with the current rate window.
Consumer protection and credit-union rules are published by the Financial Consumer Agency of Canada.
Rates are consistently better at sascu, and the fee list is short enough to read aloud.
Our marina's merchant terminal went live in a day and funds arrive the same afternoon.