SUMA and SARM Concerned About Bank and Credit Union Closures

July 14, 2017

The spate of recent bank and credit union closures in hometowns across Saskatchewan is raising concern for both the associations representing municipalities in the province. The Saskatchewan Urban Municipalities Association (SUMA) and the Saskatchewan Association of Rural Municipalities (SARM) want to ensure residents have access to banking close to home.

“SUMA believes in the importance of access to financial services for local governments, businesses, and residents in Saskatchewan’s hometowns,” said SUMA President Gordon Barnhart. “While we understand the financial industry needs to adjust to a changing landscape and an increase in online banking, we are concerned about these closures.”

For more details, read our joint media release.