SaskatchewanBill 33Royal Assent
Bill 33: The Credit Union Amendment Act, 2025
Sponsor: Tim McLeodIntroduced November 5, 2025Checked September 4, 2026
Read the official textOfficial version — Legislative Assembly of Saskatchewan
What this bill does
This bill amends Saskatchewan's Credit Union Act to modernize membership rules, including how members can withdraw or be removed from a credit union, how records are kept and destroyed, and how notices are served. It also updates board governance procedures and creates new appeal rights for members whose membership is terminated.
Plain-language summary by Legisail — not legal advice.
Business impact
Compliance
This legislation directly affects credit unions operating in Saskatchewan, from small community-based credit unions to larger ones with many thousands of members. Day-to-day operations touched include member onboarding and offboarding processes, record-keeping and document retention, board meeting procedures, and how staff handle member communications and notices. Credit unions will need to update their internal policies and bylaws to reflect new timelines for repaying withdrawn or terminated members, new procedures for handling inactive members, and new rules around appealing membership termination decisions. The changes apply regardless of size, but larger credit unions with more complex member bases and governance structures may face more significant administrative updates.
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Where this bill is
First ReadingNovember 5, 2025
Second ReadingMarch 30, 2026
CommitteeApril 22, 2026
Third ReadingApril 23, 2026
Royal AssentMay 14, 2026
Now law — awaiting coming into force
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