History of SCU

In 1941, a 5¢ scribbler lined with initial business transactions became the starting point of what would become the largest single-branch credit union in Canada. Manager P.J. Reimer probably never knew - as he entered the 50¢ deposits and $25 loans - exactly what he was starting. But by the end of that year the Steinbach Credit Union had 95 loyal members.

Five years later, SCU moved into its own office building. Growth in the first twenty years was slow and steady, but each decade saw larger expansion: a new building on Main Street in 1960 and the first computer system in the late 1970s.

By 1986, with a new head office, SCU assets stood at almost $160 million with a membership of over 15,000. The biggest change was the introduction of new technology: Automated Teller Machines, internet and telephone banking. With these advances, many members changed the way they did their banking.

On February 17, 2003, our Linden Ridge Branch situated at 2100 McGillivray Blvd. in Winnipeg, opened its doors  to serve Winnipeg’s fastest growing residential and commercial developments: Linden Woods and Whyte Ridge.

Growth mushroomed to over 75,000 members from a wide geographical area. Due to this boom, our third location opened its doors on May 3, 2010. The Lagimodiere Branch, located at 1575 Lagimodiere Blvd, brings our unique brand of financial service to northeast Winnipeg. From the over six miles of geothermal piping to the over 600 panes of low-emission glass, the Lagimodiere branch helped us stay true to the vision of sustainability. The opening of this branch ensures that all of our members who live or work in Winnipeg are now virtually within 20 minutes of an SCU location. It’s all about convenience and now we’re that much closer to home.

We look forward to a continued rise in awareness of what we have to offer, and the further growth that will follow. With our sights set firmly on the future, we are poised to maintain our high level of service as new technology arrives on the scene, making the SCU experience even better for every member.