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Member Bonus

$12 Million in cash

At SCU, we believe that 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. And we believe success is better when it’s shared. This year, we’re showing that is pays to be a member by sharing a $12 million cash bonus.

What is a member bonus?

As a cooperative organization, we are owned, organized, and controlled by our members. As a part-owner, you get to share in our profits in the form of a cash back bonus.

Eligible products

Personal, Commercial, Agriculture, and Charity and Community accounts, with the exceptions being RDSP, RESP, Index-Linked GICs, AgriInvest, lawyer and realtor trust accounts, unauthorized overdrafts, and temporary overdrafts.

When is the bonus paid out?

We will deposit your member bonus through direct deposit to qualifying accounts by Friday, March 15, 2024. It will be listed on your member statements as “Member bonus.” You can log in to digital banking to view your member statement.

How is the bonus calculated?

This year, 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 3.05on deposit interest already received and 1.29% on loan interest already paid.

family together

Member A
ScenarioBonus received
Mortgage interest paid: $5,000 
Personal loan interest paid: $1,000
Savings interest received: $1,500 

For illustrative purposes only.

Member B
ScenarioBonus received
Mortgage interest paid: $0.00 
Savings interest received: $1,500
TFSA interest received: $500


Not a member yet?

Becoming a member is easy. Simply visit a branch or become a member online.

Join SCU online

Invite your friends and family to share in our success

Refer a new member, and you could win a $500 savings account.

I want to refer a friend!

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