Institution profile · Provincial credit union

Steinbach Credit Union

ActiveSteinbach Credit UnionProvincial insurer

Steinbach Credit Union is a Manitoba credit union established in 1941. Manitoba’s guarantee corporation covers its deposits in full.

Profile facts checked October 30, 2026

Mitey the Yeti peeking out from behind the Steinbach Credit Union index cards

Cheapest everyday account$204 a yearClassic Pack Chequing

Best posted savings rate2%High Interest Savings Account, on $10,000

Deposit protectionProvincial insurerProvincial credit union

At a glance

Legal name: Steinbach Credit Union
Type: Provincial credit union
Head office: Steinbach, MB
Founded: 1941
Regulator: Deposit Guarantee Corporation of Manitoba
Cheapest everyday account: Classic Pack Chequing — $204 a year for the Everyday example
Best posted savings rate: 2% on $10,000 (High Interest Savings Account)
Website: scu.mb.ca

Deposit protection

All deposits guaranteed 100% by the Deposit Guarantee Corporation of Manitoba. Not CDIC.

Provincial rules: Manitoba — Unlimited.

Steinbach Credit Union chequing accounts and what they cost

Steinbach Credit Union lists 4 chequing accounts with FCAC. For our “Everyday” example (25 debit purchases, 6 bills, 5 e-Transfers and a $1,000 low balance a month), the cheapest account open to anyone is Classic Pack Chequing at $204 a year. Accounts limited to a group are marked.

Chequing accounts as listed in the FCAC Account Comparison Tool, retrieved November 1, 2026; fees a year for the Everyday example
Account	Monthly fee and waiver	Included	Fees a year
Classic Pack Chequing	$17.00/mo, no balance waiver	Unlimited	$204
Value Pack Chequing	$9.95/mo, no balance waiver	35 a month	$211
E-Pack Chequing	$5.50/mo, no balance waiver	Branch: 0 · self-serve: 15	$341
Standard Pack Chequing	No monthly fee	None included (each one is charged)	$406

Steinbach Credit Union savings accounts and posted rates

Savings accounts as listed with FCAC, retrieved November 1, 2026. Posted rates; promotional rates may not appear.
Account	Rate at $10,000	Monthly fee
High Interest Savings Account	2%	No monthly fee
Daily Growth Savings Account	1.5%	No monthly fee
Monthly Savings Account	1.2%	No monthly fee

Facts, with sources

Established in 1941 by members of the Steinbach community.
Source: scu.mb.ca
DGCM coverage includes savings and chequing, RRSPs, RRIFs, TFSAs, GICs and FHSAs.
Source: scu.mb.ca

Mitey the Yeti, CanadianBanks.ca’s guide, pointing out a tip

Mitey’s note

Your own pattern can change the order. Put your numbers into the true-cost finder to rank Steinbach Credit Union’s accounts against everyone else’s.

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