Discover the Benefits of Assiniboine Credit Union Membership

As a member of Assiniboine Credit Union, you'll have access to a wide range of financial services and benefits that can help you achieve your financial goals.

With over $7 billion in assets, Assiniboine Credit Union is one of the largest credit unions in Canada, offering a stable and secure place to manage your finances.

By joining Assiniboine Credit Union, you'll be part of a not-for-profit organization that puts its members first, providing competitive rates and personalized service.

As a member, you'll also have the opportunity to participate in the credit union's democratic governance model, where every member has a say in the direction of the organization.

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Assiniboine Credit Union has a significant presence in Winnipeg, with 16 branches located throughout the city.

The credit union also has a branch in northern Manitoba, specifically in Thompson.

Assiniboine Credit Union has a commitment to serving low-income areas, with two community economic development branches in the West Broadway and North End neighborhoods of Winnipeg.

The North End branch was opened in 2012 on McGregor Street at College Avenue.

Camilla, Duchess of Cornwall, visited the North End location during her tour of Manitoba Credit Unions.

Assiniboine Credit Union was founded in 1943 by Ed McCaffrey and 8 co-workers from the Winnipeg Electric Company.

They formed the credit union as a response to high interest rates charged by money lenders in Manitoba at the time, and established it as an open bond credit union that welcomed everyone in the community to join.

In 2020, Assiniboine Credit Union received its B Corporation certification, with an assessment score of 166.4, the highest in Canada and 6th highest in the world among over 3,500 certified B Corps.

Assiniboine Credit Union was born out of a need for financial alternatives in 1943, when Ed McCaffrey and 8 co-workers from the Winnipeg Electric Company formed the credit union.

The credit union's name was inspired by the street where its headquarters was located, Assiniboine Avenue.

High interest rates charged by money lenders were a major issue for many Manitobans at the time, making it difficult for them to access fair financial services.

In response, McCaffrey and his colleagues created an open bond credit union that welcomed everyone in the community to join, providing a more inclusive and accessible financial option.

Assiniboine Credit Union's commitment to community and financial accessibility has continued to this day, with the credit union receiving its B Corporation certification in 2020.

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Mergers have played a significant role in the history and success of credit unions over the years. One notable example is Assiniboine Credit Union's history of mergers, which began in 1948 when it merged with Keystone Credit Union, which ultimately merged with Assiniboine in 1979.

The merger between Winnipeg Postal District Employees and Federal Employees of Manitoba with Keystone Credit Union in 1948 was a pivotal moment in Assiniboine's history. This merger set the stage for future consolidations.

In 1979, Keystone Credit Union merged with Assiniboine Credit Union, creating a stronger entity. This merger was followed by several others, including the merger with Entegra Credit Union in 2021.

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On June 24, 2021, Assiniboine Credit Union signed a formal agreement to merge with Entegra Credit Union. The merger took effect on January 1, 2022, with Assiniboine retaining its name and Kevin Sitka as its President and CEO.

Here are some notable mergers in credit union history:

Mergers like these have helped credit unions like Assiniboine Credit Union grow and become stronger, ultimately benefiting their members.

Assiniboine Credit Union offers a wide range of financial services that cater to the diverse needs of its members. With over $10 billion in assets, the credit union is one of the largest in Manitoba.

They provide chequing and savings accounts, as well as term deposits and GICs, giving members a variety of options to manage their finances.

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Assiniboine Credit Union offers a range of financial tools to help members save money and achieve their financial goals. Their financial advisors provide expert guidance to help members make informed decisions about their money.

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One of the key tools is the My Credit Union app, which allows members to manage their accounts, pay bills, and transfer funds on the go. This convenient app is available for both iOS and Android devices.

Members can also take advantage of the credit union's savings plans, such as the Youth Savings Plan, which helps parents save for their children's education expenses. By setting aside a fixed amount regularly, parents can build a significant nest egg over time.

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Assiniboine Credit Union (ACU) is the first credit union in Western Canada to adopt a new digital banking platform, which includes ITS Calculators, a full suite of financial calculators.

ITS Calculators is a unique tool that allows credit unions to customize their product lists autonomously, resulting in targeted and relevant product lists that cater to specific member needs.

The tool has a modular, flexible integration architecture, making it easy to integrate with existing systems and provide a seamless user experience.

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ITS Calculators also enables credit unions to manage product characteristics and price lists autonomously, allowing for greater control and flexibility.

This modernized digital banking platform improves on the Credit Unions promise to constantly do more for their members and their money.

By implementing ITS Calculators, ACU is leading the way in providing a better digital experience for its members, and other organizations like Connect First, Synergy, and Encompass are following suit.

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With the ACU mobile app, you can manage your accounts, pay bills, transfer funds, deposit a cheque, and locate credit union branches from anywhere at any time.

Having a financial health check-up from ACU can help you improve your credit rating and manage debt.

You can get a financial health check-up with trusted financial advisors at ACU.

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Saving for a down payment on a home can be a daunting task, but there's a great option to consider: the First Home Savings Account (FHSA).

You can save for your down payment using an FHSA, which allows tax-deductible contributions.

This means your hard-earned money can go further, and you'll have more to put towards your dream home.

FHSA contributions are specifically designed to help first-time homebuyers achieve their financial goals.

You can talk to financial experts to learn more about how to take advantage of tax-deductible contributions.

Qualifying withdrawals from an FHSA can be used to purchase a first home tax-free.

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Assiniboine Credit Union has made significant strides in recent years. The credit union has expanded its services to include a wide range of financial products and solutions.

Assiniboine Credit Union has 27 locations across Manitoba, providing convenient access to financial services for its members.

The credit union has a strong commitment to community development, with a focus on supporting local initiatives and organizations.

In 2020, Assiniboine Credit Union invested over $1 million in community development projects, making a positive impact on the lives of thousands of Manitobans.

The credit union has a long history of innovation, having introduced the first debit card in Canada in 1977.

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