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Steinbach Credit Union members will once again benefit from being part of one of Manitoba s largest credit unions. Board Chair, Maria Reimer, announced at its recent Annual General Meeting that, thanks to continued growth in assets and membership, a member bonus of $10 million in cash will be shared with their members. ....
Steinbach Credit Union (SCU) announced at its recent virtual Annual General Meeting that they reached three important milestones in their organization s history, including surpassing $8 billion in assets, growing to 100,000 members and celebrating 80 years of serving their members. SCU also announced they will be giving their members a $10 million cash back Member Bonus. ....
Steinbach Credit Union continues growing, announces $10 million cash back member bonus Corwyn Friesen, mySteinbach Posted on 03/17/2021 at 11:00 am With continued growth in assets and membership, Reg Penner, Chair of the Steinbach Credit Union (SCU) Board of Directors announced a member bonus of $10 million in cash at their virtual Annual General Meeting, which will be welcome news to members at a time when they are facing the financial realities of the pandemic. As a cooperative organization, SCU believes in sharing profits in the form of a cash back bonus with their members as a way to thank them for their loyalty; a practice the credit union has employed for many years. The bonus will be divided equally between deposit and lending account holders, and will be shared proportionately between members based on their portfolio with SCU. As an example, if a member paid $3,000 in interest on their mortgage in 2020, they can expect an approximate bonus of $79, which equ ....