Type Credit union Website kscu.com Founded 1969, Trail, Canada | Industry Financial services Headquarters Trail, Canada Number of employees 250 | |
 | ||
Key people Brent Tremblay - President & CEO Total assets $796 million CAD (2008) Profiles | ||
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. It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.
Contents
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.
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 [1] AIME Award for its Annual Reports and successful Flexible Choice Mortgage campaigns.