A Co-operative
Financial
Institution
We work to simplify and enrich members' lives with exceptional, locally-relevant solutions.
North Peace Savings & Credit Union is uniquely placed to provide the perfect financial services to our members to help them achieve their dreams and realize their ambitions.
Personal banking is a business relationship we take personally. We take the time to get to know our members, their families and their plans for the future - so we can help make them happen.
We are committed to our members' banking needs, and work harder and closer with our clients to find the right solutions to the challenges they face. As a local financial institution we understand them well. This has led to breakthrough products and services that meet the needs of our members, from simple day-to-day banking to complex business transactions.
Who We Are
At North Peace Savings and Credit Union, our goals are to be professional in all aspects of service delivery, and to be recognized by our members and the broader community as an organization that is values driven. We are committed to enhancing the value of membership through excellent product and service delivery.
North Peace Savings and Credit Union is distinctive from other financial institutions because it is entirely owned and operated by its members. We are an organization whose priority is its members' well being. Apart from providing for operating costs and reasonable contingencies, the credit union returns virtually all profits to its members in the form of more services and a stronger place to do business.
North Peace Savings and Credit Union is a democratic, ethical and innovative provider of financial services to its members. Founded in 1947 to provide financial services to people from all walks of life, NPSCU has grown to become a major financial institution serving the people of northern British Columbia.
North Peace Savings and Credit Union is committed to doing business in a way that strengthens its own long-term success while contributing to the social, economic and environmental well being of the community. We are committed to delivering real solutions to help our members and community achieve their financial goals. Not only do our members have a say in the future of the credit union, but they also have a share in its earnings.
Membership Dividends (2021)
We’re pleased to announce your Membership Shares and Investment Shares for this year!
At North Peace Savings and Credit Union, we take as much pride in being a partner in your success as we hope you do in belonging to the financial organization that shares your passion for life in Northern B.C.
Members receive a dividend of 1% on Membership Shares and 1% dividend on Investment Shares calculated on the average share balance at each month-end from October 1, 2020 to September 30, 2021
NPSCU Membership
Who can become a Member?
Membership is open to residents of B.C.
How much are the Membership Shares?
Anyone wanting to become a member of North Peace Savings and Credit Union must purchase a minimum number of shares valued at $1.00 each.
Minimum requirements for Member Accounts are as follows:
- $5.00 – Adults 19 and over and Business Accounts
- $5.00 – Junior Member, under the age of 19
- $5.00 – Trust Accounts and Non-Profit Organization Accounts
Note: Members can increase their membership shares investment up to a maximum of $1,000.00 per member.
Member Benefits
As a member of North Peace Savings and Credit Union you have access to all of our Products and Services. You have a vote at the Annual General Meeting giving you an active voice in the affairs of your Credit Union. Also, at the Board of Directors’ discretion, you receive dividends and patronage rebates that are based on our year-end financial results.
100% deposit guarantee
Your deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia. This means both the money you put in and the interest earned is safe and secure – up to any dollar amount.
All deposit amounts are 100% guaranteed and include accrued interest to the date of payout. Deposit amounts including chequing and savings accounts, joint accounts, trust accounts, term deposits (with no limit on the length of the term to maturity), GICs (that are in the form of money on deposit with a BC credit union), foreign currency deposits and registered and tax-free savings accounts. The deposit guarantee does not cover credit union equity shares, debt instruments and investments such as mutual funds or RRSP equity.
For more information on the Credit Union Deposit Insurance Corporation of British Columbia visit www.cudicbc.ca.