Steinbach Credit Union
This Page's Content Was Last Updated: July 21, 2026
Credit Union
Steinbach
Steinbach Credit Union is a credit union located in Manitoba. It was founded in 1941. It primarily serves Winnipeg and Steinbach and Southern Manitoba.
Steinbach Credit Union (SCU) was founded in 1941 in Steinbach, Manitoba. Its early records were kept in a small scribbler, and the credit union grew from local community origins into one of Manitoba’s largest credit unions and one of the largest credit unions in Canada.
SCU is known for expanding primarily through organic growth rather than mergers. From its base in southeastern Manitoba, it later expanded into Winnipeg while maintaining a focused service model built around member relationships and financial advice.
SCU serves personal, business, and agricultural members with banking, lending, investment, and wealth management services. Its work focuses on tailored advice, practical financial solutions, and long term service for members, businesses, farms, and communities.
Provinces served
Mortgage Rates
The mortgage rates on this page were last updated on August 5, 2026 at 5:46 PM ET.
| Lender | Term | Rate | |
|---|---|---|---|
| 1-Year Fixed | 4.79% | ||
| 2-Year Fixed | 4.19% | ||
| 3-Year Fixed | 4.09% | ||
| 4-Year Fixed | 4.09% | ||
| 5-Year Fixed | 4.09% | ||
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at any time and may be applicable only to certain borrowers. Terms and conditions apply. | |||
GIC Rates
The GIC rates on this page were last updated on August 5, 2026 at 11:14 AM ET.
| Term | Rate |
|---|---|
| 1-Year | 3.45% |
| 2-Year | 3.55% |
| 3-Year | 3.60% |
| 4-Year | 3.65% |
| 5-Year | 3.75% |
* Rates are for informational purposes only and reflect the highest rates available. Rates may change at any time and may be applicable only to certain depositors. Terms and conditions apply. | |
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: Classic Pack Chequing
- Standard Fee
- $17.00/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
- 10 free Interac e-Transfers are included each month.
- 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 Deposit Guarantee Corporation of Manitoba (DGCM).
Chequing Account
2. Account: Standard Pack Chequing
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 0 free transactions.
- 1 free debit transaction is included each month for every $500 in the account balance.
- 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 Deposit Guarantee Corporation of Manitoba (DGCM).
Chequing Account
3. Account: StudentFLEX™ Daily Account
- Standard Fee
- Free*
- Free Transactions
- 35
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 35 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.
- *This account is available for youth and students only.
Deposit Insurance
Deposits are insured by the Deposit Guarantee Corporation of Manitoba (DGCM).
Chequing Account
4. Account: Value Pack Chequing
- Standard Fee
- $9.95/mo
- Free Transactions
- 35
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 35 free transactions.
- 5 free Interac e-Transfers are included each month.
- 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 Deposit Guarantee Corporation of Manitoba (DGCM).
Savings Accounts
Savings Account
Account: Daily Growth Savings Account
- Interest Rate
- 1.50%
- Standard Fee
- Free
- Free Transactions
- 1
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 1 free transaction.
- 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 is calculated daily and paid on the last day of each month.
Deposit Insurance
Deposits are insured by the Deposit Guarantee Corporation of Manitoba (DGCM).
Savings Account
Account: High Interest Savings Account (HISA)
- Interest Rate
- 2.00%*
- Standard Fee
- Free
- Free Transactions
- 1
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 1 free transaction.
- 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 $0.00 to $99,999 2.00% $100,000 to $$249,999 2.10% $250,000 or over 2.25% Deposit Insurance
Deposits are insured by the Deposit Guarantee Corporation of Manitoba (DGCM).
Credit Union Overview
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $11.1B | +8.1% | +32.8% |
| Loans | $9.62B | +6.8% | +30.7% |
| Deposits | $9.68B | +6.5% | +27.5% |
| Mortgages + HELOCs | $5.54B | +3.7% | +34.2% |
| Revenue | $196M | +6.5% | +35.2% |
| Efficiency Ratio | 52.5% | — | — |
| Members | ~115,000 | — | — |
| Branches | 3 | — | — |
| Target Members / Region | Winnipeg, Steinbach and Southern Manitoba | — | — |
Steinbach Credit Union Deposits, Loans and Revenue in the Past 5 Years
For deeper insights into all Canadian lenders, subscribe to our comprehensive Lenders Report, with plans starting at just $100 per month.
Contact
If you're from Steinbach Credit Union and would like to add or update information on this page, please fill out the form.
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.