by
Tricia Zinkowski | Jul 25, 2025
SASKATOON, SK — July 25, 2025 – Affinity Credit Union is proud to announce that Morningstar DBRS, a leading independent credit rating agency, has once again reaffirmed our R-1 (low) short-term credit rating, with a Stable trend. This rating reflects our continued financial strength, stability and importance to Saskatchewan’s financial system.
What this means for Affinity
- R-1 (low) is a solid investment-grade rating, signaling to investors and members that Affinity is a safe and reliable financial institution.
- The Stable trend indicates Morningstar DBRS’ confidence in our ongoing strong performance.
- Affinity is recognized as a Provincially Systemically Important Financial Institution (P-SIFI), underscoring our vital role in the province’s financial landscape.
Why we earned this rating
Morningstar DBRS highlighted several key strengths that contributed to this rating:
- A strong balance sheet and solid capital cushion
- High liquidity and stable funding from member deposits
- Consistent earnings, even in a challenging economic environment
- A growing presence in key markets, such as Saskatoon and Regina
Looking ahead
Morningstar DBRS noted that our rating could be upgraded if we continue to grow our scale and improve financial performance. Conversely, a downgrade could occur if there is a significant decline in asset quality or earnings.
Our social impact matters
As a member-owned credit union, Affinity’s community-focused model was also recognized as a positive factor in strengthening our franchise. This social impact is a core part of who we are and how we operate.
A collective achievement
This rating is a reflection of the dedication and hard work of our entire team. It’s a testament to the success we’re building together—for our employees, members, communities and province.
For a full report of Morningstar DBRS’ rating of Affinity, visit Morningstar DBRS Confirms Credit Ratings on Affinity Credit Union at R-1 (low); Stable Trend | Morningstar DBRS.
About Affinity Credit Union
Affinity Credit Union is the largest credit union in Saskatchewan, proudly serving over 144,000 members through 50 advice centres in 41 communities across the province. As a member-owned co-operative, it offers a full range of financial products and services.
With $10.5 billion in managed assets, Affinity is committed to delivering expert advice and meaningful financial solutions. Guided by its Purpose — Connecting people and communities to financial possibilities — Affinity puts people first, supports local growth and helps its members thrive.
Contact:
Tricia Zinkowski
Communications Manager
306.385.4623 or 306.229.7686
tricia.zinkowski@affinitycu.ca