Success is better when it's shared.
Being an SCU member is about more than just trusting us with your finances — it's about being a part of our success. This year, we're showing that it pays to be a member by sharing a $12 Million cash back Member Bonus.
Curious how the bonus is calculated? Find out more
We're here to help you on your journey of saving and spending wisely. We offer tailored solutions to help you reach your financial goals.
Find out here
It pays to be a member
Advice and guidance from a team of experts
Flexible savings options with great rates
Custom lending solutions to meet your unique needs
Have questions?
Where do you want to go next?
Starting a new adventure, getting an education, buying a new home, raising a family, or preparing to retire; whatever your goals are or wherever you decide to go next, we are with you every step of the way offering financial guidance and helpful advice.
How the Member Bonus is calculated
The bonus will be shared with members who held both qualifying* deposit and lending accounts at SCU in 2023. The breakdown of this allocation will be 60% to deposit holders and 40% to credit holders. That equates to an additional 3.05% on deposit interest already received and 1.29% on loan interest already paid.
Below you'll find two scenarios to illustrate how the Member Bonus is calculated.
| Scenario | Bonus Received | |
| Mortgage interest paid:$5,000.00 | $64.50 | |
| Personal loan interest paid:$1,000.00 | $12.90 | |
| Savings interest received:$1,500.00 | $45.75 | |
| Total | $123.15 |
MEMBER A:
| Scenario | Bonus Received | |
| Mortgage interest paid:$0.00 | $0.00 | |
| Savings interest received:$1,500.00 | $45.75 | |
| TFSA interest received:$500.00 | $15.25 | |
| Total | $61.00 |
MEMBER B:
For illustrative purposes only.
"They laid out my finances in a way that I could understand and helped with every financial ‘first’ I had. From getting a student credit card, to setting up an RRSP, they made me feel secure in the future I was beginning to build. I wouldn’t be saving and preparing for my future if it were not for the SCU staff."
Gillian, Member since 2014
"SCU helps our business grow by providing expert advice, whenever we need it. Oftentimes we don’t know what we don’t know and it’s really helpful to have somebody at the other end of the phone who answers and is willing and able to provide expertise whenever we need it. It’s about more than money… it’s about trust."
Desmond, Member since 2015
"After a sudden job loss, we needed support creating a retirement plan and advice to help us through this new phase of our lives. The wise and caring professionals at SCU helped us go from being afraid of retirement to being more prepared. SCU made ALL the difference as they guided us through this part of our journey!"
Deb, Member since 2006
What members are saying