5.5 Million Reasons to do Business with Us
Since 1997, Sydney Credit Union has given over $5.5 million dollars back to its members through our Member rebate program, which is just one stakeholder group in our Five Star Success™ program! Sydney Credit Union recognizes the importance and value of its stakeholders and is guided by the grassroots cooperative philosophy of ‘people before profits’.
2012 Atlantic Business Ethics Award Winner
R.A. (Bob) Coffin, CEO, Sydney Credit Union (center) and Doreen Burke, President, Board of Directors, Sydney Credit Union, accept the 2012 Atlantic Business Ethics Award from (left) Paul Dewolfe, ScotiaBank District VP, SWNS District and (right) Don MacKinnon, BBB President and CEO.
On November 7, 2012, Sydney Credit Union was awarded the prestigious 2012 Atlantic Business Ethics Award in the 16-50 employee category. The award is granted by the Better Business Bureau of the Atlantic Provinces in recognition of businesses that go beyond the average in maintaining high standards of ethical behaviour. Businesses are evaluated in the areas of responsibility, ethical decision making, ethical initiatives, ethical leadership and environmental sustainability.
Sydney Credit Union is a full service cooperative financial institution with three branches (Townsend Street, Sydney River and Whitney Pier), over 50 employees and more than 14,000 members. Sydney Credit Union adheres to the International Cooperative Principles and is committed to service excellence, as they continue to look for ways to enhance their member experience, tailor their product offering to meet the unique needs of their members, and seek opportunities to facilitate positive change within their community, as they aspire to enhance the economic and social well-being of their members and their community.
Sydney Credit Union’s award winning Five Star Success™ program is a profit sharing program which is unique to Sydney Credit Union. As a cooperative financial institution, each year they share their profits with five key stakeholders; their credit union, members, staff, community, and cooperative sector. Since 1997, Sydney Credit Union has given $5.5 million dollars back to its members alone, just one stakeholder group in their Five Star Success™ program. Sydney Credit Union recognizes the importance and value of its stakeholders and is guided by the grassroots cooperative philosophy of people before profits.
Click here to download the complete award submission.
Student Loan LOC
In September of 2012, Sydney Credit Union introduced a new product specifically designed for our young members attending university or college. The Sydney Credit Union Student Loan LOC gives them an alternative to conventional student loans offered federally or through the province. The student pays only the interest of Prime + 1% while they are in school with regular payments starting one year after they stop being a student. After graduation, the interest becomes Prime + 2%, still significantly less than the national student loan offer. This reduces the time and payments for the graduate and puts more money in thier pocket.
Sydney Credit Union Now on Facebook
Do you follow Sydney Credit Union on Facebook? Our page is an active connection to our members and community. Check in regularly for updates, postings, contests, photos, and more. To get more involved post questions or feedback to the Sydney Credit Union, photos from one of the events we sponsor, or just say hi. Visit us at www.facebook.com/sydneycreditunion