Sharon's Credit Union
This Page's Content Was Last Updated: July 21, 2026
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Credit Union
Sharon's
Sharon's Credit Union is a credit union located in British Columbia. It was founded in 1989. It primarily serves Korean-Canadian community in Greater Vancouver.
Sharon's Credit Union was founded in 1988 to serve Korean Canadian communities in Vancouver and the Lower Mainland. Its name is derived from the Rose of Sharon, the national flower of Korea, reflecting the cultural background of its founding community. The credit union received its British Columbia charter and began operations in 1989.
Headquartered in Vancouver, Sharon's provides personal and business banking services, including accounts, borrowing, mortgages, investments, and financial advice. Insurance services are also available through a related division.
Although its roots are in the Korean Canadian community, membership is open to a broader public. Sharon's operates as a member owned financial cooperative serving individuals, businesses, and communities across the Lower Mainland.
Provinces served
Number of Members (as of 2025): ~16,000
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: Maximizer
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
*Interest Rate Breakdown by Balance
Balance amount Interest rate $0 to $999.99 0.0% $1,000 or more 0.1% - SCU Maximizer is a no-monthly-fee chequing account with unlimited transactions and interest of 0.1% on balances over $1,000. It includes free in-branch deposits and transfers, no Interac e-Transfer fee, and access through SCU ATMs, online banking, mobile banking, and branches. Deposits are fully protected by CUDIC of British Columbia.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Accounts
Savings Account
Account: Plan 24
- Interest Rate
- 0.00%*
- Standard Fee
- Free
- Free Transactions
- 0
- Insurance Limit
- Unlimited
Account details
- This account allows 0 free transactions.
*Interest Rate Breakdown by Balance
Balance amount Interest rate $0 to $999.99 0.0% $1,000 or more 0.1% - SCU Plan 24 is a no-monthly-fee savings account with account fees based on usage. It pays 0.1% interest on balances over $1,000 and supports varying deposit volumes. A debit card is available with the account. Deposits are fully protected by the Credit Union Deposit Insurance Corporation of British Columbia.
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 | $591M | +4.6% | +5.9% |
| Loans | $476M | +1.7% | +11.5% |
| Deposits | $554M | +4.7% | +4.9% |
| Loan-to-Deposit Ratio | 85.9% | — | — |
| Mortgages + HELOCs | N/A | N/A | N/A |
| Securities | $0M | -33.3% | -33.3% |
| Revenue | $17M | +70.0% | +41.7% |
| Efficiency Ratio | 67.4% | — | — |
| Target Members / Region | Korean-Canadian community in Greater Vancouver | — | — |
Sharon's Credit Union Deposits, Loans and Revenue in the Past 5 Years
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