Salmon Arm Savings and Credit Union
This Page's Content Was Last Updated: July 21, 2026
Credit Union
Salmon Arm
Salmon Arm Savings and Credit Union is a credit union located in British Columbia. It was founded in 1946. It primarily serves Shuswap region.
Salmon Arm Savings and Credit Union, widely known as SASCU, was established in 1946 in Salmon Arm, British Columbia. It was created as a cooperative financial institution serving local residents and businesses in the Shuswap region.
SASCU operates as a local financial group, offering personal and business banking, lending, insurance, investments, and wealth management services. Its cooperative structure means members are also owners, with directors elected by the membership to oversee the organization.
SASCU has maintained a local focus throughout its history. Its work is centred on financial services for residents, businesses, and community organizations in the Shuswap, with decision-making connected to the region it serves.
Provinces served
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: High Transaction Package
- Standard Fee
- $14.75/mo
- Free Transactions
- 100
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 100 free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
2. Account: Regular
- Standard Fee
- $1.00/mo
- Free Transactions
- 3
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 3 free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Accounts
Savings Account
Account: Investor
- Interest Rate
- 0.50%*
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 0 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
*Interest Rate Breakdown by Balance
Balance amount Interest rate $0 to $4,999 0.50% $5,000 or over 0.75% Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Account
Account: Plan 24
- Interest Rate
- 0.10%
- Standard Fee
- Free
- Free Transactions
- 3
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 3 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Credit Union Overview
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $1.1B | +4.2% | +8.5% |
| Loans | $919M | +7.2% | +20.9% |
| Deposits | $1.01B | +3.3% | +5.9% |
| Mortgages + HELOCs | N/A | N/A | N/A |
| Revenue | $34M | +13.3% | +25.9% |
| Efficiency Ratio | 79.3% | — | — |
| Members | ~21,000 | — | — |
| Branches | 5 | — | — |
| Target Members / Region | Shuswap region | — | — |
Salmon Arm Savings and Credit Union Deposits, Loans and Revenue in the Past 5 Years
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