Credit Unions

The Credit Union Act, 1998 provides the overall framework for the incorporation and regulation of credit unions in Saskatchewan. The Act describes the responsibilities, obligations and powers of credit unions, the Registrar of Credit Unions, and the Credit Union Deposit Guarantee Corporation.

Credit Unions:

• provide financial and other services;
• operate on co-operative principles;
• must use "credit union" or "caisse populaire" in their name;
• are responsible for the prudent management of their business, including compliance with legislation and standards of sound business practice; and
• are governed by locally elected boards of directors.

Credit unions own Credit Union Central of Saskatchewan (CUCS) which acts as a trade association and primary service supplier. Information about Saskatchewan credit unions may be found at http://www.saskcu.com.

• Credit Union Complaints

For more information:

• Registrar of Credit Unions
  Financial Institutions Division
  Saskatchewan Financial Services Commission
  Suite 601, 1919 Saskatchewan Drive
  Regina, Saskatchewan  S4P 4H2
  
  Phone: (306) 787-6700
  Fax: (306) 787-9006
  Email: fid@sfsc.gov.sk.ca
  
• Credit Union Deposit Guarantee Corporation
  P.O. Box 3030
  2055 Albert Street, Regina SK, S4P 3G8
  Phone: (306) 566-1286 Fax: (306) 566-1770
  
  
• Consolidation of The Credit Union Act, 1998
• Consolidation of The Credit Union Regulations, 1999
• Consolidation of The Credit Union Insurance Business Regulations
• Consolidation of The Credit Union Act, 1985
• Consolidation of The Credit Union Regulations

TOP OF PAGE