I.
First-time buyer
Plain-language guidance on stress-test, down payment, and how the patronage dividend offsets your monthly cost over time.
Member-owned · Saskatchewan, since 1939A mortgage from
A mortgage from
your neighbours.
Twelve thousand members, eighty-six years, eleven branches across the province. We’re not a bank — we’re owned by the people we lend to. Surplus comes back as patronage, not shareholder dividends.
12,400
Member-owners
86 yrs
Continuous service
$2.1M
Patronage returned 2025
★ Branch No. 7 · Indian Head
Funded this season
The Robidoux family. Third-generation refinance, 6 days.
Member rate
4.84%
5-yr fixed · members in good standing · last revised today
★ Member-owned, since 1939
What “owned by
members” actually pays.
We’re a credit union. The surplus we generate at the end of each year doesn’t leave the province as shareholder dividends — it comes back to members as patronage, in proportion to the business they’ve done with us.
✦
$2.1M paid back to members in 2025
On average $173 per member-household. Mailed out as a cheque every March, no application required.
✦
Twelve elected member-directors
Elected by you, from among you. Every member with a $5 share has a vote, regardless of balance.
✦
98% of deposits stay in Saskatchewan
Lent to small businesses, farms, and homebuyers across the province. We don’t book mortgages outside our region.
Member since 1981
Margie Pelletier · Esterhazy branch
Eleven branches, one province
Where you bank,
matters here.
Eleven branches across Saskatchewan — from Saskatoon to Estevan, from Yorkton to Lloydminster. Every mortgage decision is made within the province by people who’ll see your kids at the rink.
★ Mortgages for every journey
Four mortgages.
One member rate.
II.
Renewal
We re-shop your file when it’s up — even against ourselves. Member rates renewed at member rates, never at posted.
III.
Farm + acreage
Eight loan officers with FCC backgrounds. We underwrite ag income, livestock collateral, and quota-based files the bank declines on intake.
IV.
Refinance + HELOC
Equity take-outs for renovations, second properties, or kids in school. Member rates on second-position lending too.
Become a member · 90 seconds
Apply for a mortgage. Become a member.
Eight short questions, no commitment. We pre-qualify your mortgage and set up your member account at the same time. A real person from your local branch follows up — usually before lunch.
- Member rates — typically 0.20% lower than the major banks
- Local branch follow-up · same business day
- Profits stay in the province · members are the shareholders
Step 1 of 813%
Get started
What are you looking to do?
Tell us why you're exploring a mortgage — we'll tailor the rest to your situation.
We don't run a credit check. Nothing is shared with any lender unless you ask us to connect you.
★ Side by side
The Prairie Heritage way
vs the bank way.
The Prairie Heritage way
What members receive
The bank way
What customers get
✦Owned by you and 12,000 of your neighbours
—Owned by shareholders, often offshore
✦Patronage dividend cheque every March
—Surplus distributed to shareholders only
✦Eleven branches across Saskatchewan
—Province-wide retail; head office elsewhere
✦Loan officers who farm and live here
—Underwriting in Toronto or Calgary
✦Renewals re-shopped, member rates re-applied
—Auto-renewed at posted, hoping you don’t notice
✦Surplus stays in Saskatchewan
—Surplus leaves the province
★ From the membership
Two members,
thirty years apart.
On the record
“My grandparents took out their first farm loan with PH in 1953. We’ve never once been declined and we’ve never been quoted at posted rate. That tells you everything.”
Roy Carstairs
Member · Yorkton branch · since 1994
Third-generation
On the record
“I moved here for work. Walked into a PH branch on Main, signed my membership papers, and three weeks later they had pre-approved me for a townhouse my bank had said was out of reach.”
Theo Mensah
First-time buyer · Saskatoon branch
Joined 2024
Community grants · 2025
$640K returned to local rinks, halls, libraries, and food banks across our eleven branches.
★ Common questions
Asked at the
kitchen table.
What does it mean to become a member?+
You buy one $5 share. That share gives you one vote in member elections, full access to mortgage and lending products at member rates, and an annual share of any patronage dividend declared by the board.
How are your rates compared to the big banks?+
Member rates have averaged 0.18% below posted big-five fixed rates over the past 36 months. We’re not always the lowest in the country, but we’re consistently competitive — and patronage compounds the savings.
Can I keep accounts at another bank?+
Yes. Most members do. Your mortgage with us doesn’t require you to move every account — only your $5 share.
Are deposits insured?+
Yes. Deposits up to $100,000 are insured by Credit Union Deposit Guarantee Corporation of Saskatchewan, which has guaranteed every member dollar since 1953.
Become a member.
Five dollars, five minutes.
One share gets you in. Walk into any of our eleven branches, or sign up online — and the team in the mortgage department picks up the conversation from there.
