Kootenay Savings Credit Union

Kootenay Savings Credit Union

Type	Credit union
Industry	Financial services
Founded	1969
Headquarters	Trail, British Columbia Canada
Key people	Brent Tremblay - President & CEO
Total assets	$796 million CAD (2008) ^[1]
Number of employees	250
Website	kscu.com

Kootenay Savings Credit Union, located in the Southern Interior of British Columbia, is the twenty-ninth largest credit union in Canada with over 39,000 members and assets of over $1 billion.^[1] It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.

The organization has 11 branches throughout the interior of British Columbia, mostly around the major centres of Trail, Castlegar and Invermere. Its subsidiaries include Kootenay Savings MoneyWorks as well as a jointly-owned Insurance group called Kootenay Insurance Services, a company formed through the cooperation of Nelson and District Credit Union and East Kootenay Community Credit Union.^[2]

In April 2007, Kootenay Savings' Annual Report parodied Wikipedia and other online communities such as Flickr and MySpace to show how community-run organizations succeed.

History

Kootenay Savings was formed on January 1, 1969 by the amalgamation of three thriving credit unions in Trail, Fruitvale and Castlegar, offering a spectrum of financial services to the three communities.

The amalgamation of the three credit unions marked the first of its kind in British Columbia. Although amalgamations were not new to the credit union system, they usually came about through smaller credit unions with limited services and facilities joining larger more sophisticated operations. This was the first time three successful credit unions each with a broad range of services joined together to form a single unit.

Awards

Kootenay Savings has won numerous awards including the Marketing Association for Credit Unions AIME Award for its Annual Reports and successful Flexible Choice Mortgage campaigns.

References

Kootenay Savings 2006 Annual Report, https://www.kscu.com/SharedContent/documents/KS_ar06_full.pdf
Kootenay Savings history, https://www.kscu.com/Personal/AboutUs/

External links

Official website

Banks and credit unions in Canada

Banks

Big Five	Bank of Montreal Canadian Imperial Bank of Commerce (President's Choice Financial) Royal Bank of Canada Scotiabank (Tangerine) Toronto-Dominion Bank (TD Canada Trust)

Other banks	AMEX Bank of Canada Bridgewater Bank Business Development Bank of Canada Canadian Tire Financial Services Canadian Western Bank Citibank Canada Citizens Bank of Canada Equitable Bank Exchange Bank of Canada First Nations Bank of Canada HSBC Bank Canada ICICI Bank Canada Laurentian Bank of Canada Manulife Bank of Canada Meridian Bank National Bank of Canada Rogers Bank VersaBank Wealth One Bank of Canada

Credit unions

Credit unions	Affinity Credit Union Aldergrove Credit Union Alterna Savings Assiniboine Credit Union BlueShore Financial Central 1 Credit Union Coast Capital Savings Concentra Financial Conexus Credit Union Credit Union Central of Canada Desjardins Group Envision Financial First Calgary Financial First West Credit Union Gulf and Fraser Fishermen's Credit Union Island Savings Kawartha Credit Union Kootenay Savings Credit Union Libro Financial Group Meridian Credit Union Mouvement des caisses populaires acadiennes Servus Credit Union Steinbach Credit Union TCU Financial Group Vancity Windsor Family Credit Union Your Credit Union Your Neighbourhood Credit Union

Credit union deposit insurance	Alberta * British Columbia * Manitoba * New Brunswick * Newfoundland and Labrador * Nova Scotia * Ontario * Prince Edward Island * Saskatchewan

Other financial institutions

Federal financial institutions	Farm Credit Canada

Provincial financial institutions	ATB Financial

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