Steinbach Credit Union (SCU) has announced that it recently reached $10 billion in assets. The credit union says this momentous achievement is made possible thanks to over 500 dedicated employees and more than 112,000 members, all of whom have trusted SCU with their financial future.
This announcement comes ahead of the organization’s expected timeline and demonstrates its strength and stability. While it took 75 years for SCU to reach the first $5 billion in assets, the credit union only needed an additional eight years to reach $10 billion.
Board Chair Maria Reimer attributes SCU’s long-standing record of strength and financial stability in the Manitoba market to its steadfast commitment to profitability and service to their members.
“One of the characteristics that makes SCU unique is our focus on organic growth, having never merged with another credit union,” said Reimer. “To date in 2024, SCU’s membership has increased by more than 6,500 new members. Our continued financial growth means we can invest in new technology, products, and services that allow us to support our members in an ever-changing market.”
“What’s most important for us as an organization is building strong relationships with our members,” said CEO Glenn Friesen. “By developing an understanding of their needs, we are better able to provide guidance for where they want to go on their financial journey.”
