Access Credit Union

Access Credit Union

Company type	Credit Union
Industry	Financial services
Founded	1940; 85 years ago (1940) Winkler, Manitoba
Headquarters	Winnipeg , Canada
Number of locations	52
Key people	Larry Davey, President and CEO
Products	Savings; checking; consumer loans; mortgages; credit cards; online banking
AUM	CA$10.76 billion (2022)[1]
Members	169,700
Number of employees	796
Website	www.accesscu.ca/%20www.accesscu.ca/
Footnotes / references [2]

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 2022, Access had CA$10.76 billion in assets^[3] and approximately 169,700 members. It has 52 branches across Manitoba. Access is the largest credit union in Manitoba and the sixth in Canada, excluding Quebec.^[4]

History

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.^[5][6][7] Lowe Farm Credit Union (1938) joined in 2010.^[8] Community Credit Union and Sanford Credit Union followed in 2013.^[9] Access merged with Winnipeg's Crosstown Civic Credit Union in 2021.^[10]

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.^[11][12][13] The merger took place legally on July 1, 2022. In 2022, the Casera and Carpathia Credit Unions voted to merge with Access Credit Union.^[14] Following these recent merges, Access Credit Union now is the largest credit union in Manitoba by assets.^[15]

Memberships

• Central 1 Credit Union^{[citation needed]}
• Interac
• The Exchange
• MasterCard
• Cirrus Network
• Maestro (debit card)
• Deposit Guarantee Corporation of Manitoba
• Co-op Network

See also

• Assiniboine Credit Union
• Cambrian Credit Union
• Steinbach Credit Union

References

1. "About the Merger – Connecting Manitoba".
2. "Annual Reports & Financial Statements".
3. "Publish Online". indd.adobe.com. Retrieved March 27, 2023.
4. "The Largest 100 Credit Unions / Caisses Populaires – Fourth Quarter 2021" (PDF). Archived from the original (PDF) on June 8, 2022. Retrieved June 8, 2022.
5. "The urge to merge overcomes credit unions". Investment Executive. October 28, 2008. Retrieved June 8, 2022.
6. "Credit Union Members Voice Their Concerns". PortageOnline. Retrieved June 8, 2022.
7. "New Credit Union May Have Another Member". PortageOnline. Retrieved June 8, 2022.
8. mug, Geoff Kirbyson (April 19, 2009). "Apr 2009: Sunday special: Bank on this". Winnipeg Free Press. Retrieved June 8, 2022.
9. Geary, rea (September 3, 2019). "Sep 2019: Access CU to relocate Oak Bluff branch". Winnipeg Free Press. Retrieved June 8, 2022.
10. Canstar, Jennifer McFee / Special to (July 7, 2020). "Jul 2020: Access, Crosstown Civic credit unions to merge". Winnipeg Free Press. Retrieved June 8, 2022.
11. "Access Credit Union merger approved". PembinaValleyOnline. Retrieved June 8, 2022.
12. "Three Manitoba Credit Unions Vote to Become One". ChrisD.ca - Winnipeg News. January 28, 2022. Retrieved June 8, 2022.
13. "Three Manitoba Credit Unions Enter Merger Talks". ChrisD.ca - Winnipeg News. September 10, 2021. Retrieved June 8, 2022.
14. "Access announces merger talks with Casera and Carpathia Credit Unions". PembinaValleyOnline. Retrieved March 27, 2023.
15. Posted, Martin Cash. "Access eyes merger with three small credit unions". Winnipeg Free Press. Retrieved March 27, 2023.

External links

• Official website