Access Credit Union

Access Credit Union is a Canadian credit union, formed by multiple mergers of smaller southern Manitoba credit unions, which provides full daily banking services, loans and mortgages, investment services and business banking. At the close of 2021, Access had CA$6.1 billion in assets[2] and approximately 169,700 members. It has 52 branches across Manitoba. Access is the second-largest credit union in Manitoba and the thirteenth-largest in Canada, excluding Quebec.[3]

Access Credit Union
TypeCredit Union
IndustryFinancial services
Founded1940 Winkler, Manitoba
HeadquartersWinnipeg
Number of locations
52
Key people
Larry Davey, President and CEO
ProductsSavings; checking; consumer loans; mortgages; credit cards; online banking
AUMCA$10.07 billion (2022)[1]
Members169,700
Number of employees
796
Websitewww.accesscu.ca/
Footnotes / references
[1]

Altona Credit Union was organized in 1939, Dufferin Credit Union was formed in 1961, Heartland Credit Union opened its doors for business in 2002 as a result of successful amalgamation with Gretna Credit Union (1943), Plum Coulee Credit Union (1942) and Winkler Credit Union (1940). In 1947, Morden Credit Union was formed eventually amalgamating with Manitou Credit Union and Miami Credit Union. In 2001, Valley Credit Union – formerly Morris CU (1947) and Dominion City CU (1946) amalgamated with Morden CU to form Agassiz Credit Union. Altona Credit Union, Dufferin Credit Union, Heartland Credit Union and Agassiz Credit Union merged in 2009 to form Access Credit Union.[4][5][6] Lowe Farm Credit Union (1938) joined in 2010.[7] Community Credit Union and Sanford Credit Union followed in 2013.[8] Access merged with Winnipeg's Crosstown Civic Credit Union in 2021.[9]

Access Credit Union also operates a wholly owned subsidiary in Credential Financial Strategies and is part owner in an insurance subsidiary.

On January 27, 2022, the members of Access Credit Union, Noventis Credit Union and Sunova Credit Union voted to merge.[10][11][12] The merger will legally take place on July 1, 2022, and the new credit union will retain the name Access Credit Union.[13]

MembershipsEdit

ReferencesEdit

  1. ^ a b "About the Merger – Connecting Manitoba".
  2. ^ "2021 Annual Report". indd.adobe.com. Retrieved June 8, 2022.
  3. ^ "The Largest 100 Credit Unions / Caisses Populaires – Fourth Quarter 2021" (PDF). Archived from the original (PDF) on June 8, 2022. Retrieved June 8, 2022.
  4. ^ "The urge to merge overcomes credit unions". Investment Executive. October 28, 2008. Retrieved June 8, 2022.
  5. ^ "Credit Union Members Voice Their Concerns". PortageOnline. Retrieved June 8, 2022.
  6. ^ "New Credit Union May Have Another Member". PortageOnline. Retrieved June 8, 2022.
  7. ^ mug, Geoff Kirbyson (April 19, 2009). "Apr 2009: Sunday special: Bank on this". Winnipeg Free Press. Retrieved June 8, 2022.
  8. ^ Geary, rea (September 3, 2019). "Sep 2019: Access CU to relocate Oak Bluff branch". Winnipeg Free Press. Retrieved June 8, 2022.
  9. ^ Canstar, Jennifer McFee / Special to (July 7, 2020). "Jul 2020: Access, Crosstown Civic credit unions to merge". Winnipeg Free Press. Retrieved June 8, 2022.
  10. ^ "Access Credit Union merger approved". PembinaValleyOnline. Retrieved June 8, 2022.
  11. ^ "Three Manitoba Credit Unions Vote to Become One". ChrisD.ca - Winnipeg News. January 28, 2022. Retrieved June 8, 2022.
  12. ^ "Three Manitoba Credit Unions Enter Merger Talks". ChrisD.ca - Winnipeg News. September 10, 2021. Retrieved June 8, 2022.
  13. ^ "Timeline – Connecting Manitoba". Retrieved June 8, 2022.

External linksEdit