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Steinbach Credit Union (SCU) is a major credit union serving Winnipeg and Manitoba, offering competitive mortgage rates and member bonuses. As of July 2025, SCU provides a variety of mortgage products for homebuyers, including both fixed and variable rates, with specialized options for high-ratio and conventional loans. SCU is known for its personalized service, local expertise, and a member-focused approach, including annual cash bonuses for members.
The following table highlights SCU's posted mortgage rates as of July 14, 2025. These rates are for Manitoba residents and are subject to change without notice. Rates may vary depending on your application details and eligibility.
| Mortgage Type | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | Variable Closed | Variable Open |
|---|---|---|---|---|---|---|---|
| Conventional Fixed | 5.09% | 4.69% | 4.19% | 3.99% | 3.99% | 4.05% | 4.95% |
| High-Ratio Fixed | 4.99% | 4.59% | 4.09% | 3.89% | 3.89% | 4.05% | — |
| Standard Loan Rate | – | – | – | – | – | – | 4.95% |
| Line of Credit (from) | – | – | – | – | – | – | 5.95% |
Here’s how SCU’s rates stack up against another major Manitoba credit union and the broader market:
| Lender | 1 Year Fixed | 2 Year Fixed | 3 Year Fixed | 4 Year Fixed | 5 Year Fixed | Variable Closed |
|---|---|---|---|---|---|---|
| SCU (Conventional) | 5.09% | 4.69% | 4.19% | 3.99% | 3.99% | 4.05% |
| SCU (High-Ratio) | 4.99% | 4.59% | 4.09% | 3.89% | 3.89% | 4.05% |
| Access Credit Union | 4.89% | 4.49% | 4.19% | 3.99% | 3.99% | 3.95% |
| Best MB Market Rate | 4.89% | 4.49% | 4.09% | 3.89% | 3.89% | 3.85% |
Key Points:
Steinbach Credit Union offers some of the most competitive mortgage rates in Winnipeg and Manitoba, with strong options for both conventional and high-ratio borrowers. Their member bonus program and personalized service make SCU a compelling choice for local homebuyers. Always compare rates and consider pre-approval to maximize your mortgage savings. For the most current rates and tailored advice, or to begin your application, visit theratefinder for the best available mortgage solutions.