Your Financial Life Partner
SASCU is a forward looking, community hearted, financial organization driven to provide world class products and services for all phases of your life.
With four established branches, SASCU is continuing to grow in size, offerings, and quality. We continue to be the number one choice for businesses and residents in the Shuswap region.
The story of the Salmon Arm Savings and Credit Union began in 1946, when a small group of orchard farmers found they could not get the loans they needed from the bank. Credit Unions were a relatively new financial institution whose growing popularity in the region was borne out of the global economic collapse of 1929 and the subsequent Great Depression of the 1930s. With 14 original members and no office, SASCU was incorporated on April 29, 1946. The following month, the first transaction in our credit union’s history was made on May 28, with a deposit of $41.50. SASCU has come a long way since the end of 1946, when it had grown to 33 members and $205 in assets.
SASCU Wealth Incorporated, a subsidiary of SASCU Financial Group, has been part of the financial planning industry since 1998, when it was first established as Member Plus Financial Planning & Investment Services Ltd. It became SASCU Wealth Inc. after it was rebranded in 2009.
SASCU Insurance, a subsidiary of SASCU Financial Group, was created in 2008 and initially entered the marketplace as a start-up business, making it only one of two privately owned insurance companies in the Shuswap area.
SASCU communities and its members continue to prosper under this co-operative philosophy and unique credit union structure: Our members are also our owners and our customers. We have four branches serving our communities: two in Salmon Arm (Downtown and Uptown branches), Sicamous Branch and Sorrento Branch.
As of August 31, 2016, SASCU is owned by 19,093 members. With assets of over $635 million under administration, SASCU is among the top-rated credit unions in Canada.
We thrive on providing quality service in a friendly and professional manner for your entire financial product and service needs throughout all phases of your life.