Who We Are

Who We Are

At SASCU, we are proud of our history—our strong roots among community members with a can-do attitude and a shared vision.

We are even prouder of where we are heading!

The people of SASCU are dedicated to ensuring this financial organization continues to be a valuable contributor to healthy communities and prosperous members for generations to come.

Vision

To be our members' lifelong financial partner.

Values

We continuously seek new ways of doing things.

We strive for excellence.

We honour our relationships with dignity and respect.

We collaborate in the pursuit of shared goals.

We make common sense decisions.

The 7 Co-Operative Principles

In Canada, the seven co-operative principles are based on the International Cooperative Alliance Statement of the cooperative identity and are guidelines by which co-operatives like SASCU put their values into practice:

  1. Voluntary and Open Membership:
    Co-operatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political, or religious discrimination.
  2. Democratic Member Control:
    Co-operatives are democratic organizations controlled by their members, who actively participate in setting their policies and making decisions on the principle of one member one vote. Men and women serving as elected representatives are accountable to the membership.
  3. Member Economic Participation:
    Members contribute to and democratically control the capital of their co-operative. At least part of that capital is usually the common property of the co-operative. The co-operative’s surplus is either distributed to its members in proportion to their transactions with the co-op, or directed to other activities approved by the membership.
  4. Autonomy and Independence:
    Co-operatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their co-operative autonomy.
  5. Education, Training and Information:
    Co-operatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their co-operatives. They also strive to inform the general public – particularly young people and opinion leaders – about the nature and benefits of co-operation.
  6. Co-Operation Among Co-Operatives:
    Co-operatives serve their members and strengthen the co-operative movement by working in solidarity with other co-ops and national, regional, and international co-operative organizations.
  7. Concern for Community:
    Co-operatives work for the sustainable development of their communities through policies approved by their members.