10 Dec. 2024
Steinbach Credit Union (SCU) celebrates $10 Billion in assets
WINNIPEG, MB, December 10, 2024: SCU announced today it recently reached $10 Billion in assets. The credit union says this momentous achievement is made possible thanks to over 500 dedicated employees and more than 112,000 members, all of whom have trusted SCU with their financial future.
This announcement comes ahead of the organization’s expected timeline and demonstrates its strength and stability. While it took 75 years for SCU to reach the first $5 Billion in assets, the credit union only needed an additional eight years to reach $10 Billion.
Board Chair Maria Reimer attributes SCU’s long-standing record of strength and financial stability in the Manitoba market to its steadfast commitment to profitability and service to their members. “One of the characteristics that makes SCU unique is our focus on organic growth, having never merged with another credit union.” To date in 2024, SCU’s membership has increased by more than 6,500 new members. “Our continued financial growth means we can invest in new technology, products, and services that allow us to support our members in an ever-changing market.”
CEO Glenn Friesen says, “What’s most important for us as an organization is building strong relationships with our members. By developing an understanding of their needs, we are better able to provide guidance for where they want to go on their financial journey.” Friesen highlights the importance of the dedicated employees at SCU. “We show up every day and rally around our purpose to help our members, creating tailored solutions to help them live their best financial future.”
Visit SCU’s website at scu.mb.ca to see how the credit union is celebrating this exciting accomplishment with its members.
This announcement comes ahead of the organization’s expected timeline and demonstrates its strength and stability. While it took 75 years for SCU to reach the first $5 Billion in assets, the credit union only needed an additional eight years to reach $10 Billion.
Board Chair Maria Reimer attributes SCU’s long-standing record of strength and financial stability in the Manitoba market to its steadfast commitment to profitability and service to their members. “One of the characteristics that makes SCU unique is our focus on organic growth, having never merged with another credit union.” To date in 2024, SCU’s membership has increased by more than 6,500 new members. “Our continued financial growth means we can invest in new technology, products, and services that allow us to support our members in an ever-changing market.”
CEO Glenn Friesen says, “What’s most important for us as an organization is building strong relationships with our members. By developing an understanding of their needs, we are better able to provide guidance for where they want to go on their financial journey.” Friesen highlights the importance of the dedicated employees at SCU. “We show up every day and rally around our purpose to help our members, creating tailored solutions to help them live their best financial future.”
Visit SCU’s website at scu.mb.ca to see how the credit union is celebrating this exciting accomplishment with its members.