HOME >> About SCU >> SCU History
SCU History
December 23, 1988
Credit Union Charter granted by the BC Government Start-up capital of $100,000 pooled by 25 Founding Members
January 02, 1989
1st day of business at 106-1050 Kingsway, Vancouver. Mr Donald Cha appointed as 1st CEO.
March 04, 1989
1st AGM with total assets of $384,044.
April 07, 1989
1st Chair, Kyung Han Kim elected.
August 10, 1989
Start offering Chequing Account.
March 31, 1990
First month to turn to profitable operations with $599.43 net income.
June 1, 1990
Covert to Computerized Banking System.
March 1, 1991
Start offering debit Master Card Service.
May 15, 1991
Start offering Residential Mortgages.
June 15, 1991
Start offering Merchant Program.
October 7, 1991
Surrey satellite branch opened.
February 5, 1992
First year to pay patronage refund.
February 5, 1992
First year to pay patronage refund.
May 14, 1994
2nd Chair, Tae Ro Yoon elected.
October 28, 1994
Start offering MasterCard.
November 30, 1996
3rd Chair, You Sung Lee elected.
September 1, 1996
Burnaby Branch opened.
July 01, 1997
Coquitlam Branch opened.
May 1, 1999
4th Chair, Tae Ro Yoon elected.
April 20, 2000
5th Chair, Kyung Han Kim elected.
October 24, 2000
6th Chair, Sung Wook Row elected.
October 15, 2003
Host the 1st North American Korean Credit Union Forum.
December 1, 2004
Start Sharons Insurance Services.
April 28, 2005
7th Chair, Kyu Young Lee elected.
June 30, 2005
First time enter into the 100 Largest Credit Unions in Canada Ranking 97th with the total assets of $163 million.
June 30, 2005
First time enter into the 100 Largest Credit Unions in Canada Ranking 97th with the total assets of $163 million.
February 1, 2006
Purchase of Vancouver branch building.
December 1, 2006
Langley branch opened.
April 10, 2007
8th Chair, Ji Han Kim elected.
July 11, 2007
Host a Mongolian credit union leader for 10 days for mentoring.
May 15, 2008
Start of the first Internship program.
May 10, 2011
9th Chair, Min Kwak elected.
April 20, 2012
10th Chair, Jin Tack Shim elected.
August 24, 2012
Acting CEO, John Suk appointed.
May 31, 2013
Mr. Cha retired from the position of CEO.
June 1, 2013
John Kwang Ik Suk appointed as 2nd President & CEO.
May 6, 2014
11th Chair, Michael Seong Il Hwang elected.
April 1, 2016
Start Offering Mobile Banking Service.
April 13, 2016
12th Chair, Ji Han Kim elected.
October 1, 2016
Poco Branch opened.
May 3, 2017
13th Chair, Howard Hyung Yul Lee elected.
