Steinbach Credit Union
Encyclopedia
Steinbach Credit Union is a Canadian
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 co-operative financial institution and formerly the country's largest single branch credit union
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...

. Founded in 1941, it is now the largest credit union, by total assets, in the province of Manitoba
Manitoba
Manitoba is a Canadian prairie province with an area of . The province has over 110,000 lakes and has a largely continental climate because of its flat topography. Agriculture, mostly concentrated in the fertile southern and western parts of the province, is vital to the province's economy; other...

 and the eighth largest in the country. As of October 2011, SCU has assets of over $3.4 billion CAD
Canadian dollar
The Canadian dollar is the currency of Canada. As of 2007, the Canadian dollar is the 7th most traded currency in the world. It is abbreviated with the dollar sign $, or C$ to distinguish it from other dollar-denominated currencies...

 and a membership base of 80,000.

The main branch and head offices of SCU are located in Steinbach, Manitoba
Steinbach, Manitoba
Steinbach is a city of approx. 13,500 people in the southeast corner of the province of Manitoba, Canada, a short distance from the capital Winnipeg. Steinbach is the largest community in the Eastman region of Manitoba. The city is located in the R.M. of Hanover and bordered to the east by the R.M...

. A second branch, located in southwest Winnipeg
Winnipeg
Winnipeg is the capital and largest city of Manitoba, Canada, and is the primary municipality of the Winnipeg Capital Region, with more than half of Manitoba's population. It is located near the longitudinal centre of North America, at the confluence of the Red and Assiniboine Rivers .The name...

opened in 2003, and the third branch in east Winnipeg opened in May 2010.
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