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What's New?
THE LATEST NEWS ABOUT YOUR CREDIT UNION
Keeping up with what's new at Summerland Credit Union
Check here regularly for all of our latest news and announcements.
Welcome to SDCU.com
Our website is designed to be faster, multi-device friendly, image-rich, secure, and easy-to-use!
Our goal with this website is to deliver a modern and smooth-flowing user experience, intuitive architecture and high-impact design. Also, to provide visitors with a simple way to discover more about our credit union and the solutions we offer.
Our focus is on improving the digital experience for our members, by providing greater digital access and more modern online channels. The goal being to facilitate safe and convenient, anytime, anywhere access for our members.
Kelly Marshall, President & CEO
Credit Unions Begin Merger Discussions
To help explore the potential for additional value creation that Summerland Credit Union can provide members, the Board of Directors has initiated discussions with Osoyoos Credit Union and Revelstoke Credit Union about the possibility of joining forces through a merger. Any such transaction will require the consent of the BC Financial Services Authority (BCFSA).
The change in delivery of financial services in today’s marketplace is so great that small, independent operations, such as ours, are faced with more and more challenges all the time. It was with this backdrop in mind that we began these merger discussions.
A decision has not yet been made to proceed. Any such decision, if it were made, would require the approval of the members of all three organizations and any such approval would result in all three credit unions coming together to form a new credit union.
The Board of Directors believes that the ideal time to deal with this issue is during times of strength, and all three financial organizations are in sound financial condition. They also believe that Osoyoos CU, Revelstoke CU and Summerland CU are a good fit due to the existing relationship and collaborative efforts that the credit unions have been working on since 2022.
If the decision is made by Summerland Credit Union’s Board to proceed to the next step, we will keep you informed. If you have any questions at all, please feel free to contact us.
For more information see the official media release attached here.
New Cyber Insurance - Now Available
Cyber Insurance offers comprehensive insurance and cyber risk services to protect families and home businesses from evolving cyber threats.
With the digital landscape constantly changing, new technologies and new threats emerge almost overnight. As your local, financial partner, Summerland Credit Union is invested in your financial safety and online security. As such, we are pleased to introduce a new personal cyber insurance product offered through Digital Shield protection.
Members can now access Digital Shield’s all-in-one Cyber Insurance and Protection for Families and their Home Businesses. Access Here.
Since 2021, they have been developing a personal cyber line to offer the most competitive coverages to respond to your cyber protection needs. Introducing the latest version of DigitalShield coverage Advantage and Advantage Plus plans with limits starting at $25,000 of coverage at $9 per month (billed annually).
The Latest Living Wage Numbers
As a proud Living Wage Employer, Summerland Credit Union is committed to supporting initiatives that close the gender and racial pay gaps. Including the launch of our own Wage-Equity.com program.
New data published by @CCPA_BC and @Lwforfamilies has found that 1 in 3 people in BC earn less than the living wage.
That’s more than 740,000 people who are trapped in a gap between how much money they earn and how much they need to earn to pay for rent and other essentials.
We're calling on the BC Government to take steps to close the gap between the minimum and the living wage by lifting wages and introducing policies to make life more affordable for working people.
Click the links to read the latest Living Wage reports on British Columbia overall and Kelowna specifically. Or read more at policyalternatives.ca/gap.
Summerland Credit Union creates Wage Equity Initiative!
Learn more at Wage-Equity.com
Summerland Credit Union proudly announced the launch of its Wage Equity Initiative, coinciding with International Women's Day on March 8th. This initiative underscores the credit unions dedication to fostering gender equality and fair pay practices within the financial industry and beyond.
Motivated by the principles of equality and social justice, the Wage Equity Initiative addresses systemic disparities in compensation and opportunities faced by minorities in the workforce.
We are inviting other credit unions and other businesses to join the Wage Equity Initiative and be part of the transformative journey towards a more equitable future.
Learn more by visiting www.wage-equity.com/.
© Summerland Credit Union 2024