Credit Unions of Saskatchewan
Saskatchewan - Lancer
INNOVATION CREDIT UNION
Routing Number # 088994698

BankCredit Unions of Saskatchewan (Saskatchewan Credit Unions)
Branch NameINNOVATION CREDIT UNION
Routing Number088994698
MICR (Transit Number)94698-889
AddressLancer Branch, PO Box 120
CityLancer
StateSaskatchewan
Postal CodeS0N 1G0
Location Map of Credit Unions of Saskatchewan
Lancer,SK
Location Map of INNOVATION CREDIT UNION branch of Credit Unions of Saskatchewan in Lancer,SK
 

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What is the Routing Number?

A routing number identifies the financial institution and the branch to which a payment item is directed. Along with the account number, it is essential for delivering payments through the clearing system.

In Canada, there are two formats for routing numbers:

EFT Routing Number

An Electronic Fund Transactions (EFT) routing number is comprised of a three-digit financial institution number and a five-digit branch number, preceded by a "leading zero".
Example : 0XXXYYYYY
  • 0 : Leading zero
  • YYY : Institution Number
  • XXXXX : Branch Number
The electronic routing number is used for routing electronic payment items, such as direct deposits and wire transfers.

MICR Number (Transit Number)

MICR Numbers or widely known as Transit Numbers are used in cheques processing. It appears on the bottom of negotiable instruments such as checks identifying the financial institution on which it was drawn.
A paper (MICR) routing number is comprised of a three-digit financial institution number and a five-digit branch number. It is encoded using magnetic ink on paper payment items (such as cheques).
Example : XXXXX-YYY
  • XXXXX : Branch Number
  • YYY : Institution Number
MICR stands for Magnetic Ink Character Recognition.