Some people think that switching their financial institution is a daunting task.Relax. We’ve taken on so many new members we know exactly what to do to make your transition as smooth as possible. When the time comes... we do the work. Our helpful Member Services Representatives meet with you to record all the pertinent information we’ll need to get the job done.
In the meantime, here's a list of some of the things our representatives will do with you to get you set up.
Open an Account
The first step is to create an account with SCU either in Steinbach or Winnipeg. To open your personal account, we will require your personal information, identification and a $5 share. Business Accounts will also require your Business Name Registration or Articles of Incorporation (if applicable). Plus, two valid pieces of ID are required including one piece of Government issued photo ID. For a complete listing of valid ID's please contact SCU.
We can assist with the transfer of accounts and the completion of the necessary paperwork (some fees may apply at the previous financial institution). At that point, all your funds will be transferred to your new SCU account – Savings, Chequing, Line of Credit (upon approval), or business (if applicable).
We issue you a debit card that provides you with access to your accounts at any ATM, and allows for store purchases at any debit machine. Personal deposits may also be made at many credit unions across Canada.
Transferring your loans is no problem either. We’ll take care of all the paper work and make sure everything, including approvals, is in order. In fact, you’ll probably get more attractive rates than what you currently pay at your financial institution. But you know that. That’s one of the reasons you’ve decided to switch! Whether it’s a mortgage, personal loan, business loan or line of credit, SCU has the flexible options you want. Every loan we provide is geared to help you pay it off quickly and for the lowest cost.
Bill Payment Options
SCU Direct® & CU BY PHONE
For your convenience, SCU offers these online banking and telephone services which can be set up to enable 24-hour access to account balances, transfers, view statements, and bill payments.
We’ll complete the paperwork to have any debits and/or credits redirected to your SCU account so you won’t miss a beat. Account numbers are usually all you need to provide, but in some cases – address, phone number or fax number may be required. Examples of this service include: payroll, child tax credit, CPP, life insurance, fitness memberships, etc.
SCU offers a variety of registered products including RRSP, RRIF, RESP, LIF, and LIRA. We can facilitate the transfers of all your registered accounts.
Safety Deposit Boxes
SCU gives you peace of mind with our own safety deposit boxes at all branches. Various sizes are available for your particular needs. We’ll have everything arranged on our end to provide you with a seamless transfer of all that’s important to you.
Our investment professionals will be happy to discuss your financial goals and plans and your investments, including transfers from other financial institutions. We offer a wide range of premiere investment vehicles through Credential Asset Management Inc., Credential Securities and Credential Financial Strategies Inc. For more information, or to set up an appointment, come in or call us today.
Live out of Province?
Canadian residents who do not reside in Manitoba may be eligible to open an account with SCU. In order to comply with new requirements, non-Manitoba residents must provide additional supporting documentation in order to open a consumer account in a non face-to-face environment. To learn more regarding these requirements, please contact us.
Discover how easy it is to switch, talk to us today.
*Mutual funds are offered
through Credential Asset Management Inc. Mutual funds and other securities are
offered through Credential Securities, a division of Credential Qtrade
Securities Inc. Credential Financial Strategies Inc. offers financial planning,
life insurance and investments to members of credit unions and their
communities. Credential Securities is a registered mark owned by Aviso Wealth Inc.