The Credit Union Act, 1998 (Act) 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.
A listing of credit unions authorized to operate in Saskatchewan pursuant to the Act is available at:https://www.cudgc.sk.ca/the-role/saskatchewan-credit-unions/
For information about credit unions select from the options below.
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
If you have a complaint or concern, the first place to make it known is at the credit union. This process is:
Step 2: Ombudsman for Banking Services and Investments (OBSI)
If you are dissatisfied after dealing with your credit union, you may contact OBSI. OBSI is an independent, national organization that investigates customer complaints against financial service providers, including credit unions. This service is available to customers free of charge. OBSI can be contacted at:
In addition to the credit unions authorized to operate in Saskatchewan under the Act, extra-provincial credit unions are eligible to be registered pursuant to The Credit Union Act, 1985. The activities of these credit unions are limited to becoming eligible for membership in the Co-operative Superannuation Society, registering a security in Saskatchewan, or taking steps for the purposes of collecting a loan that is owed to it.
Official registry information of all credit unions registered in Saskatchewan is available from the corporate registry at https://www.isc.ca/corporateregistry
Credit unions own Credit Union Central of Saskatchewan also known as SaskCentral, which functions as liquidity manager for Saskatchewan credit unions.