Financial and Consumer Affairs Authority of Saskatchewan

FCAA is Saskatchewan’s financial and consumer marketplace regulator.

Credit Union Members

  • Credit Union Members

    The Credit Union Act, 1998 provides the overall framework for the incorporation and regulation of credit unions in Saskatchewan. The Act describes the responsibilities, obligations and powers of credit unions, the Registrar of Credit Unions, and the Credit Union Deposit Guarantee Corporation.

    For information about credit unions select from the options below.

     

     

    Purpose of Credit Unions

    • provide financial and other services;
    • operate on co-operative principles;
    • must use "credit union" or "caisse populaire" in their name;
    • are responsible for the prudent management of their business, including compliance with legislation and standards of sound business practice; and
    • are governed by locally elected boards of directors.

     

    File a complaint

    If you have a complaint about a credit union, we encourage you to take the following steps to resolve it.

    Step 1: Talk to your Credit Union

    Credit unions are responsible for resolving complaints because they are able to address issues directly. Ask to speak to a manager or customer service representative of the credit union branch where you encountered a problem. If you are not satisfied with the response credit unions have an internal Ombudsman or compliance office that can review unresolved concerns.

    Step 2: Contact the SaskCentral* Ombudsman

    You can contact the SaskCentral Ombudsman if your concern is not resolved after talking to your credit union.

    The SaskCentral Ombudsman will seek to resolve complaints fairly and does not advocate for you or the credit union when investigating. This service is free.

    Office of the SaskCentral Ombudsman
    2055 Albert St., P.O. Box 3030
    Regina, SK S4P 3G8
    Phone 306-566-1200
    Toll-Free 1-866-403-7499
    Email: ombudsman@saskcentral.com

    *SaskCentral is a trade association that supports credit unions by providing them with operational, legislative and regulatory support.

    Step 3: Ombudsman for Banking Services and Investments (OBSI)

    OBSI is an independent, national organization that investigates customer complaints against financial service providers, including credit unions. If you’ve followed steps 1 and 2 and your complaint is still unresolved, contact OBSI.

    Ombudsman for Bank Services and Investments
    401 Bay Street, Suite 1505 P.O. Box 5
    Toronto, ON M5H 2Y4
    Toll-Free 1-888-451-4519
    Email: ombudsman@obsi.ca


    Credit Union Central of Saskatchewan (CUCS)

    Credit unions own Credit Union Central of Saskatchewan also known as SaskCentral, which functions as liquidity manager and key service supplier for Saskatchewan credit unions.

    Consumer Credit Division

    Suite 601, 1919 Saskatchewan Drive

    Regina, Saskatchewan S4P 4H2

    Tel: (306)787-6700

    Fax: (306)787-9006

    Email: fid@gov.sk.ca

Agree Term