Assiniboine Credit Union
This Page's Content Was Last Updated: July 21, 2026
Important Information
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Managing $10.1 billion in total assets, Assiniboine Credit Union stands as the #10 largest credit union in Canada. Our independent review breaks down Assiniboine Credit Union’s consumer offerings, deposit safety under the Deposit Guarantee Corporation of Manitoba (DGCM), and competitive rates for Manitoba depositors and home buyers.
Jump to Section: Institution Overview•Mortgage Rates•GIC Rates•Financial Performance
Credit Union
Assiniboine
Assiniboine Credit Union is a credit union located in Manitoba. It was founded in 1943. It primarily serves Winnipeg and Western Manitoba.
Assiniboine Credit Union, now operating as Assiniboine Credit Union / Caisse Assiniboine, traces its origins to 1943, when Ed McCaffrey and co-workers from the Winnipeg Electric Company formed an open bond credit union in response to wartime financial hardship and high cost moneylending. It later grew into one of Manitoba’s largest credit unions, serving urban, rural, and northern communities.
ACU is a certified B Corporation and has been recognized as one of Canada’s Greenest Employers. Its community work includes financial inclusion, reconciliation, and support for people and neighbourhoods with limited access to traditional financial services.
ACU was the first financial institution in Manitoba to sign the Winnipeg Indigenous Accord. Following its merger with Caisse Financial Group and Westoba Credit Union, it operates as a bilingual, member owned financial cooperative offering French language services.
Provinces served
Number of Members (as of 2025): ~216,000
Assiniboine Mortgage Rates
The mortgage rates on this page were last updated on September 21, 2026 at 6:15 PM ET.
| Lender | Term | Insured down payment < 20% |
|---|---|---|
| Assiniboine Credit Union | 1-Year Fixed | 4.49% |
| Assiniboine Credit Union | 2-Year Fixed | 4.29% |
| Assiniboine Credit Union | 3-Year Fixed | 4.19% |
| Assiniboine Credit Union | 4-Year Fixed | 4.19% |
| Assiniboine Credit Union | 5-Year Fixed | 4.19% |
| Assiniboine Credit Union | 5-Year Variable | 3.60% |
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at any time and may be applicable only to certain borrowers. Terms and conditions apply. | ||
Understanding Assiniboine Credit Union Mortgage Features
- Prepayment Privileges: Most credit unions in Manitoba allow members to make annual lump-sum prepayments (10%–20%) and payment increases without penalty.
- Early Termination Penalties: Breaking a fixed-rate mortgage early incurs an Interest Rate Differential (IRD) or 3 months' interest penalty. Variable mortgages typically carry a 3-month interest fee.
- Local Approval: Mortgages are underwritten locally, providing flexible solutions for self-employed buyers and unique property types.
Estimate your payments using WOWA's Mortgage Payment Calculator.
Assiniboine GIC Rates
The GIC rates on this page were last updated on September 21, 2026 at 5:44 PM ET.
| Term | Non-Registered Rate | Registered Rate |
|---|---|---|
| 1-Year | 3.55% | 3.55% |
| 2-Year | 3.60% | 3.60% |
| 3-Year | 3.80% | 3.80% |
| 4-Year | 3.75% | 3.75% |
| 5-Year | 3.95% | 3.95% |
* Rates are for informational purposes only and reflect the highest rates available. Rates may change at any time and may be applicable only to certain depositors. Terms and conditions apply. | ||
Assiniboine Credit Union Ranking Among Credit Unions Monitored by WOWA
10th
by Assets
of 134 credit unions
10th
by Loans
of 133 credit unions
10th
by Deposits
of 133 credit unions
Assiniboine Credit Union ranks 10th among Canadian credit unions by assets monitored by WOWA, 10th by loans, and 10th by deposits, as of December 31, 2025. You can view the complete list of Canadian credit unions here.
Assiniboine Credit Union Branch Locations
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: ACU Active
- Standard Fee
- $9.00/mo
- Free Transactions
- 40
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $2,500 in your account.
- The account fee might be waived for seniors.
- This account allows 40 free transactions.
- 5 free Interac e-Transfers are included each month.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Assiniboine Credit Union ACU Active is a $9-per-month chequing account with 40 included self-serve and full-serve transactions per month. It also includes 5 free Interac e-Transfers and free self-serve transfers between ACU accounts. The monthly fee is waived with a $2,500 minimum monthly balance or for members age 60 and older.
Deposit Insurance
Deposits are insured by the Deposit Guarantee Corporation of Manitoba (DGCM).
Chequing Account
2. Account: ACU Digital
- Standard Fee
- $11.00/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $3,500 in your account.
- The account fee may be waived for students and youth.
- This account allows Unlimited free transactions.
- 30 free Interac e-Transfers are included each month.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Assiniboine Credit Union ACU Digital is an $11-per-month chequing account with unlimited self-serve transactions and 30 free Interac e-Transfers per month. The monthly fee is waived with a $3,500 minimum monthly balance, for members age 24 and under, or for eligible full-time post-secondary students age 25 and older. Members age 60+ pay $2 per month.
Deposit Insurance
Deposits are insured by the Deposit Guarantee Corporation of Manitoba (DGCM).
Chequing Account
3. Account: ACU Essentials
- Standard Fee
- $4.00/mo
- Free Transactions
- 16
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 16 free transactions.
- 2 free Interac e-Transfers are included each month.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Assiniboine Credit Union ACU Essentials is a $4-per-month chequing account with 16 included self-serve and full-serve transactions per month. It also includes 2 free Interac e-Transfers per month, along with free self-serve transfers between ACU accounts and free self-serve transfers to other ACU members.
Deposit Insurance
Deposits are insured by the Deposit Guarantee Corporation of Manitoba (DGCM).
Chequing Account
4. Account: ACU Light
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 0 free transactions.
- Cheque: $0.75 Withdrawal: $0.75 Transfer: $0.75 ATM Withdrawal: $0.75 Point-of-Sale Transaction: $0.75 Pre-Authorized Debit: $0.75 Interac e-Transfer (Send or Request): $1.00 Bill Payment (In Branch): $1.50
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Assiniboine Credit Union ACU Light is a no-monthly-fee chequing account with pay-as-you-go transaction pricing. Self-serve transfers between a member’s own ACU accounts and self-serve transfers to other ACU members are free. Other transactions are charged individually, making the account primarily suited to members with lower transaction volumes.
Deposit Insurance
Deposits are insured by the Deposit Guarantee Corporation of Manitoba (DGCM).
Savings Accounts
Savings Account
Account: Everyday Savings
- Interest Rate
- 0.05%
- Standard Fee
- Free
- Free Transactions
- 2
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 2 free transactions. Maximum 1 of these transactions can be carried out in branch.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Assiniboine Credit Union Everyday Savings is a no-monthly-fee savings account with 2 free self-serve transactions and 1 free full-serve transaction per month. Self-serve transfers between ACU accounts are free. Interest is calculated on the daily closing balance and paid monthly, while additional transactions are charged individually.
Deposit Insurance
Deposits are insured by the Deposit Guarantee Corporation of Manitoba (DGCM).
Savings Account
Account: High Rate Savings
- Interest Rate
- 1.50%*
- Standard Fee
- Free
- Free Transactions
- 1
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 1 free transaction.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
*Interest Rate Breakdown by Balance
Balance amount Interest rate $0 to $99,999 1.50% $100,000 to $249,000 1.60% $250,000 or over 1.70% - Assiniboine Credit Union High Rate Savings is a no-monthly-fee savings account with no minimum balance requirement. Interest is calculated on the daily closing balance and paid monthly. It includes 1 free transaction per month; most additional self-serve and full-serve transactions cost $1.50 each, while Interac e-Transfers cost $1 each.
Deposit Insurance
Deposits are insured by the Deposit Guarantee Corporation of Manitoba (DGCM).
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $10,085M | +61.4% | +81.3% |
| Loans | $8,565M | +63.3% | +113.1% |
| Deposits | $9,103M | +62.2% | +83.3% |
| Loan-to-Deposit Ratio | 94.1% | — | — |
| Mortgages + HELOCs | $4,917M | +57.0% | +102.1% |
| Securities | $108M | +25.6% | -91.5% |
| Revenue | $235M | +83.6% | +126.0% |
| Efficiency Ratio | 73.4% | — | — |
| Target Members / Region | Winnipeg and Western Manitoba | — | — |
Assiniboine Credit Union Deposits, Loans and Revenue in the Past 5 Years
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Contact
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- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.