Bill Payments over $10,000.00 on MemberDirect Online Service
If you make a bill payment on MemberDirect online service for more than $10,000.00 please contact the branch at 306-628-3687 and let them know that the payment has been made. This ensures that the payment will be processed in a timely manner.
our 2017 Leader
Sandhills Credit Union board and staff wish you all the best in your future
Benefits of the Graduate Account
The Graduate Account is for students
aged 19-25 enrolled in a
Take advantage of:
- no service charges
- interest calculated daily
- ATM access/Direct Payment with CU
- free ATM transaction (excluding
transactions on Interac and Cirrus networks)
- one free order of basic cheques
- revolving line of credit up to $500 (credit
- free MemberDirect online banking
Benefits of the Graduate Account:
- Receive post-secondary assistance with a student loan (upon approved credit).
- After completing your schooling you
have up to 12 months grace period to
- Direct Payment available at thousands
of retail outlets across Canada.
- Account access and interest earned on your money all at the same time.
- A line of credit provides overdraft
There’s more to mortgage costs than just the interest rate
Your home will likely be the largest single purchase you make in your lifetime, so it’s important to
consider all of the costs and conditions of
a mortgage — not just the interest rate.
Mortgage brokers offer interest rates that are often — but not always — lower than the rates offered by conventional financial
institutions. However, the lowest advertised interest rate may not be the best overall deal for you. There are other costs and conditions to consider before you commit to a mortgage. These include:
- What additional fees are involved in a brokered mortgage that may affect your mortgage closing costs or your future
- In selecting the mortgage company and the type of mortgage for you, is the broker looking after your specific
mortgage needs or the size of his or her commission?
- What conditions does the brokered mortgage contract impose for such items as prepayment privileges?
- Does the brokered mortgage contract include any other restrictions? Do you have the flexibility to refinance the
mortgage before its term expires if you need additional funds to build a garage, rec room or other home improvements?
- If you can refinance, what are the fees and penalties?
- If you’re dealing with a credit union or a bank, is the mortgage officer paid a commission based on the type or size of your mortgage?
- Does your broker or financial institution offer pre-approved mortgages? If so, what are the additional fees?
There’s a lot to consider when shopping for a mortgage that’s right for you. We can help you focus on your best interests,
developing a mortgage with the terms and flexibility that meet your needs. Talk to us first — you’ll be happy that you did.
A short dictionary of mortgage terms
Amortization: Total number of years needed to repay the mortgage loan. (Typically between 15 and 25 years.)
Convertible: Fixed-term mortgages
(typically six- or 12-month terms) that
you can convert to longer terms without
paying a penalty.
Variable: A mortgage rate that
fluctuates with the financial institution's
lending rates. Variable rate mortgages
are reviewed annually to ensure
payments are sufficient to pay off the
mortgage in the remaining amortization period.
Fixed: An interest rate that’s locked in
for the term of the mortgage (usually six months to seven years).
Open: A mortgage on which you can
pre-pay any amount without penalty.
Closed: A mortgage with limited prepayment
options, beyond which a financial penalty is charged (often 90
Penalties: Usually charged when
payments to a closed mortgage exceed the amount allowed in the mortgage agreement.
Fixed-rate or variable: Which works best for you?
We can help you make an informed decision.
If you’re in the market for a mortgage, you may be wondering whether a variable- or fixed-rate mortgage is
right for you.
With a fixed-rate mortgage, the interest
rate is set for a pre-determined term. The
benefit of this type of mortgage is the
peace of mind it provides, since you know what you’ll be paying for the term you’ve selected.
Variable-rate mortgages feature payments that are fixed for a specific term, although interest rates may fluctuate from month to month based on market
conditions. If interest rates go down, more
of your monthly payment goes toward reducing the principal; if rates go up, a
larger portion of your payment goes toward covering the interest.
If you’re comfortable with the possibility of interest rates edging upward, you may want to consider a variable-rate mortgage,
particularly because variable-rate mortgages feature lower interest rates. Variable-rate mortgages also offer the advantage of prepayment at any time
If you’re not comfortable with the idea of
rising interest rates, you may want to opt for a fixed-rate mortgage, which will mean that you’ll pay a slightly higher rate, but
you won’t have to worry about it changing
over the term.
Recent phishing scams underscore the importance of remaining vigilant
You can never be too safe when it comes to combating phishing scams.
Learn how to
Email phishing scams are nothing
new; fraudsters have been trying to
trick unsuspecting victims into
clicking on links that install malware on
their computers for years now.
However, the volume of phishing attacks
continues to increase year after year. In fact, the Anti-Phishing Working Group
(APWG), a global anti-cybercrime
organization, recently reported more than
1.2 million different phishing attacks in
2016 alone. That’s up 65% from 2015.
What's more, despite increased consumer education about the dangers of phishing, the tactic continues to fool many users.
Even tech industry giants Google and
Facebook were recently victimized by phishing attacks, proving no matter how tech-savvy you may be it's important to remain vigilant.
Think twice about any email or text
message that asks you to submit personal or financial information. Hover your cursor
over a link to confirm the web address
matches the supposed sender before clicking on anything. Finally, err on the side of caution when you receive unsolicited emails.
The RCMP has a wealth of good advice on protecting yourself from phishing scams.
Learn more at http://www.rcmp-grc.gc.ca/scams-fraudes/phishing-eng.htm
Minimizing the risk of theft
- Sign credit cards upon receipt.
- Cancel cards no longer in use.
- Report stolen debit or credit cards
- Shred pre-approved credit card
applications, bills or statements when
no longer in use.
- Key in your pin number privately at
point of sale terminals and ATM
- Be careful about your SIN - remember it is your identity.
Check your statement every month.
Report any unknown transactions
- Loan your debit or credit cards to
- Leave bank receipts behind.
- Keep a written record of your PIN
numbers or passwords.
- Provide personal information over the
phone or internet unless you initiate
- Engage in mail or telephone
solicitations disguised as promotions
or surveys offering prizes that require
Another strong year for Saskatchewan credit unions
Credit unions balance
the need for growth with the well-being
of members and
Saskatchewan credit unions continued to contribute to the
strength of the provincial economy
in 2016. Combined system assets grew
3.8% to $21.6 billion and the province’s 46
credit unions returned over $7.6 million to
their members in the form of patronage
equity, contributions and dividends.
“Credit unions continue to prove they are financially stable and important
contributors to the Saskatchewan
economy,” says Keith Nixon, CEO of
In 2016 credit unions were the single
largest provider of financial services to
small and medium-sized businesses. The
Canadian Federation of Independent
Business ranked credit unions first in
serving small businesses in 2016.
“Credit unions are locally-focused, and are
guided by the needs of their members and by internationally recognized co-operative
principles,” says Nixon. “As such, they
continually balance the need for growth
with the well-being of members and
2016 Sandhills Credit Union Financial Statements
Adobe Reader is required to view these statements
in PDF format.
it for free by visiting Adobe at this link.
Independent Auditors' Report and Consolidated Financial Statements
December 31, 2016 ( PDF)