Kootenay Savings Credit Union
This Page's Content Was Last Updated: July 21, 2026
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Credit Union
Kootenay Savings
Kootenay Savings Credit Union is a credit union located in British Columbia. It was founded in 1969. It primarily serves Kootenay and Columbia Valley regions of British Columbia.
Kootenay Savings Credit Union was formed on January 1, 1969, through the amalgamation of credit unions in Trail, Fruitvale, and Castlegar. From those regional cooperative roots, it developed into a financial institution serving Kootenay communities in southeastern British Columbia.
Headquartered in Trail, Kootenay Savings offers personal, business, and commercial banking, along with wealth management and insurance services through related organizations and partners. Its operations, leadership, and community work remain centred in the Kootenays.
Kootenay Savings also operates the Kootenay Savings Community Foundation, established in 2000 to support nonprofit initiatives in areas such as education, health, culture, the environment, social well-being, and economic development. Through the foundation, sponsorships, bursaries, and local partnerships, it supports organizations and projects in the communities it serves.
Provinces served
Number of Members (as of 2025): ~40,000
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: Freedom
- Standard Fee
- $7.50/mo
- Free Transactions
- 50
- Insurance Limit
- Unlimited
Account details
- This account allows 50 free transactions. Maximum 0 of these transactions can be carried out in branch.
- Kootenay Savings Credit Union Freedom is a $7.50-per-month chequing account with 50 bundled transactions per month. In-branch withdrawals and transfers cost $2 each, while cheques cost $1 each. The account is intended primarily for self-service banking through online and mobile channels and includes electronic statements only.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
2. Account: Lite
- Standard Fee
- Free
- Free Transactions
- 1
- Insurance Limit
- Unlimited
Account details
- This account allows 1 free transaction.
- Kootenay Savings Credit Union Lite is a no-monthly-fee chequing account with no minimum balance requirement and 1 included debit transaction per month. Eligible debit transactions include cheques, debit purchases, Interac e-Transfers, ATM withdrawals, pre-authorized withdrawals, and certain in-branch transactions. Additional transactions are charged individually.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
3. Account: Premium
- Standard Fee
- $16.50/mo
- Free Transactions
- Unlimited
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
- Kootenay Savings Credit Union Premium is a $16-per-month chequing account with unlimited debit transactions, including cheques, debit purchases, Interac e-Transfers, pre-authorized withdrawals, and Canadian credit union ATM withdrawals. It also earns interest based on the account balance and includes optional overdraft protection or a line of credit.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Accounts
Savings Account
Account: Summit Savings®
- Interest Rate
- 0.35%*
- Standard Fee
- Free
- Free Transactions
- 1
- Insurance Limit
- Unlimited
Account details
- This account allows 1 free transaction.
*Interest Rate Breakdown by Balance
Balance amount Interest rate $0 to $4,999 0.35% $5,000 to $9,999 0.50% $10,000 to $24,999 0.60% $25,000 to $99,999 0.90% $100,000 or over 1.00% - Kootenay Savings Credit Union Summit Savings® is a no-monthly-fee savings account with tiered interest calculated on the closing daily balance and paid monthly. It includes 1 free withdrawal or transfer per month, with additional transactions costing $3 each. A MemberCard is not available with this account.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $1,851M | +8.4% | +26.5% |
| Loans | $1,606M | +11.5% | +40.5% |
| Deposits | $1,653M | +6.0% | +21.9% |
| Loan-to-Deposit Ratio | 97.2% | — | — |
| Mortgages + HELOCs | $1,129M | +7.8% | -1.4% |
| Securities | $167M | +3.1% | +35.8% |
| Revenue | $45M | +28.6% | +25.0% |
| Efficiency Ratio | 77.9% | — | — |
| Target Members / Region | Kootenay and Columbia Valley regions of British Columbia | — | — |
Kootenay Savings Credit Union Deposits, Loans and Revenue in the Past 5 Years
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