The University of Regina Students’ Union, an organization incorporated under the Non-Profit Corporations Act of Saskatchewan, is an autonomous body that represents students to the University, the city, and the government. The Students’ Union also offers services to students to improve the quality of their lives while they attend the University.

The University of Regina Board of Governors endorses, as general principles governing relationships between the University and the Students’ Union in financial matters, the following:

• Students should be regarded as competent in the management of their own affairs.
• The Students’ Union should be financially independent.
• In operating its programs, the Students’ Union must be accountable to the source of its funds.
• Financial relations with the University should be conducted on a "sound business basis."

An agreement is in place such that the University of Regina collects certain Students’ Union fees from students and remits them to the Students’ Union.