SaskCentral maintains business relationships with, and investments in, a number of co-operative entities on behalf of Saskatchewan credit unions to help ensure credit unions have access to the products and services they need to provide full service to their members.
Concentra Bank (Concentra)
Concentra is Canada’s only Schedule 1 chartered bank focused on providing financial services to Canada’s credit unions. Concentra partners with credit unions to deliver wholesale and trust financial services focused on enhancing credit unions’ competitive advantage and success. Concentra provides a comprehensive suite of financial and commercial banking services nationwide to credit unions, corporate clients and deposit agents.
Concentra is exclusively owned by its credit union partners.
Credit Union Payment Services (CUPS)
CUPS is a joint venture of SaskCentral and Alberta Central and provides aggregated payment processing, clearing and settlement functions to credit unions, enabling them to provide their members with innovative, flexible and cost competitive services.
Celero Solutions is a joint venture between Alberta Central, Manitoba Central and SaskCentral. Celero delivers reliable, innovative and cost-effective information technology solutions to its owner organizations, prairie credit unions and third party clients, resulting in aggregated lower technology costs to Saskatchewan credit unions.
CU CUMIS Wealth Holdings LP (CUC Wealth)
Aviso Wealth, which is owned by CUC Wealth (50%) and Desjardins (50%), supports credit unions in meeting the wealth needs of their members by integrating wealth management services across Canada. The broadly based wealth management business is positioned to compete, provide wealth management products and services for members, enable and enhance member experience, and allow credit unions to take advantage of growth.
Group Clearing Joint Venture
Group Clearing is a joint venture of SaskCentral, Central 1, Alberta Central and Credit Union Central of Manitoba that provides governance and oversight to group clearing strategies, activities and risks on behalf of credit unions across the country.
Canadian Credit Union Association (CCUA)
CCUA is the national trade association for the Canadian credit union system, representing Canada’s credit unions, caisses populaires outside Quebec, and provincial credit union central organizations. CCUA is the first national credit union-governed organization in Canada and works on behlaf of its members in three key areas: advocating for government legislation that supports credit unions; raising awareness for credit unions with government, media and the public; and delivering expert insights to credit unions to inform their strategies.
The Co-operators Group Limited
The Co-operators is a 100% Canadian-owned and operated company insuring over two million people Canada-wide. Its member-owners are co-operatives, credit unions and like-minded organizations, representing a variety of sectors and regions across the country. The Co-operators supports and funds the development of community-oriented co-operatives and social enterprises, and works to contribute to communities across Canada.
The Co-operators owns CUMIS, which partners with credit unions to deliver a wide range of insurance, wealth management and investment services. CUMIS’ principal companies are CUMIS Life Insurance Company and CUMIS General Insurance.
Investment in CUVentures enables credit unions to make an aggregate investment in the Saskatchewan Entrepreneurial Fund (SEF) and APEX Investement Fund, supporting and enhancing economic development and job creation across Saskatchewan, while providing a commercial rate of return on investment.