Access Credit Union
{{Short description|Canadian financial institution}}
{{Use mdy dates|date=June 2022}}
{{Infobox company
| name = Access Credit Union
| logo = AccessCreditUnionLogo.svg
| logo_size = 250px
| type = Credit Union
| industry = Financial services
| foundation = {{start date and age |1940 }} Winkler, Manitoba
| location_city = Winnipeg
| location_country = Canada
| num_locations = 52
| key_people = Larry Davey, President and CEO
| products = Savings; checking; consumer loans; mortgages; credit cards; online banking
| aum = {{CAD|10.76{{nbsp}}billion|link=yes}} (2022){{cite web | url=https://cusuccess.ca/about-merger/#benefits | title=About the Merger – Connecting Manitoba }}
| members = 169,700
| num_employees = 796
| homepage = {{official URL}}
| footnotes = {{cite web | url=https://www.accesscu.ca/en/about/annual-reports | title=Annual Reports & Financial Statements }}
}}
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 {{CAD|10.76{{nbsp}}billion|link=yes}} in assets{{Cite web |title=Publish Online |url=https://indd.adobe.com/view/21abf2f6-d448-4172-b238-eb3c0af36308 |access-date=2023-03-27 |website=indd.adobe.com |language=en}} 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.{{Cite web |title=The Largest 100 Credit Unions / Caisses Populaires – Fourth Quarter 2021 |url=https://ccua.com/app/uploads/private-files/top100-4Q21_06-May-22-v2-2.pdf |archive-url=https://web.archive.org/web/20220608231056/https://ccua.com/app/uploads/private-files/top100-4Q21_06-May-22-v2-2.pdf |archive-date=June 8, 2022 |access-date=June 8, 2022}}
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.{{Cite web |date=2008-10-28 |title=The urge to merge overcomes credit unions |url=https://www.investmentexecutive.com/newspaper_/news-newspaper/news-46650/ |access-date=2022-06-08 |website=Investment Executive |language=en}}{{Cite web |title=Credit Union Members Voice Their Concerns |url=https://portageonline.com/articles/credit-union-members-voice-their-concerns |access-date=2022-06-08 |website=PortageOnline}}{{Cite web |title=New Credit Union May Have Another Member |url=https://www.portageonline.com/articles/new-credit-union-may-have-another-member |access-date=2022-06-08 |website=PortageOnline}} Lowe Farm Credit Union (1938) joined in 2010.{{Cite news |last=mug |first=Geoff Kirbyson |date=2009-04-19 |title=Apr 2009: Sunday special: Bank on this |language=en-CA |work=Winnipeg Free Press |url=https://www.winnipegfreepress.com/local/something-in-common-43242317.html |access-date=2022-06-08}} Community Credit Union and Sanford Credit Union followed in 2013.{{Cite news |last=Geary |first=rea |date=2019-09-03 |title=Sep 2019: Access CU to relocate Oak Bluff branch |language=en-CA |work=Winnipeg Free Press |url=https://www.winnipegfreepress.com/our-communities/headliner/Access-CU-to-close-Oak-Bluff-branch-559263411.html |access-date=2022-06-08}} Access merged with Winnipeg's Crosstown Civic Credit Union in 2021.{{Cite news |last=Canstar |first=Jennifer McFee / Special to |date=2020-07-07 |title=Jul 2020: Access, Crosstown Civic credit unions to merge |language=en-CA |work=Winnipeg Free Press |url=https://www.winnipegfreepress.com/our-communities/headliner/Access-Crosstown-Civic-credit-unions-to-merge-571661921.html |access-date=2022-06-08}}
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.{{Cite web |title=Access Credit Union merger approved |url=https://www.pembinavalleyonline.com/articles/access-credit-union-merger-approved |access-date=June 8, 2022 |website=PembinaValleyOnline}}{{Cite web |date=January 28, 2022 |title=Three Manitoba Credit Unions Vote to Become One |url=https://www.chrisd.ca/2022/01/28/access-credit-union-noventis-sunova-merger/ |access-date=June 8, 2022 |website=ChrisD.ca - Winnipeg News |language=en-CA}}{{Cite web |date=September 10, 2021 |title=Three Manitoba Credit Unions Enter Merger Talks |url=https://www.chrisd.ca/2021/09/10/access-noventis-sunova-credit-unions-merger/ |access-date=June 8, 2022 |website=ChrisD.ca - Winnipeg News |language=en-CA}} The merger took place legally on July 1, 2022. In 2022, the Casera and Carpathia Credit Unions voted to merge with Access Credit Union.{{Cite web |title=Access announces merger talks with Casera and Carpathia Credit Unions |url=https://pembinavalleyonline.com/articles/access-announces-merger-talks-with-casera-and-carpathia-credit-unions |access-date=2023-03-27 |website=PembinaValleyOnline}} Following these recent merges, Access Credit Union now is the largest credit union in Manitoba by assets.{{Cite web |last=Posted |first=Martin Cash |title=Access eyes merger with three small credit unions |url=https://www.winnipegfreepress.com/business/2022/09/09/access-eyes-merger-with-three-small-credit-unions |access-date=2023-03-27 |website=Winnipeg Free Press |language=en-US}}
Memberships
- Central 1 Credit Union{{Citation needed|date=October 2019}}
- Interac
- The Exchange
- MasterCard
- Cirrus Network
- Maestro (debit card)
- Deposit Guarantee Corporation of Manitoba
- Co-op Network
See also
References
{{reflist}}
External links
- {{official website}}
{{Canadian banks}}
Category:Credit unions of Manitoba
Category:Banks established in 1940
Category:1940 establishments in Manitoba
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