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Manitoba Credit Unions
July 14, 2017
6:28 am
silverffox
Newbie
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July 5, 2017
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I am looking for members thoughts, opinions regarding the 7 Manitoba Credit Unions. Which of the 7 are better to deal with regarding non registered and registered accounts. I have never dealt with these institutions before but find myself having to expand the number of institutions that I deal with.
Member opinions and/or knowledge regarding such would be greatly appreciated.

Thanks

July 14, 2017
7:17 am
Nehpets
Ontario
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December 20, 2016
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I've had good experience with Hubert customer service. Their online interface works well, and the people answering the phone are reliable and accommodating.

Their interest rate for U.S. savings account can't be beat, though their $CDN interest rate is not the best.

The one year GIC can be useful since it's cashable at every quarter, if you don't mind the slightly lower average interest rate.

Their credit cards are unspectacular, however.

Be sure you are comfortable with all the terms of their customer agreement, and understand the terms of the Manitoba Deposit Insurance.

July 14, 2017
9:32 am
Cranston
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April 7, 2017
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I use.

Hubert. Good to deal with on chat, phone, email and a good ordering system. No cheques or ATM card. Has push pull. A keeper.

Accelerate. Good to deal with on phone and email. System is the regular CU system. All transactions are by phone. Has cheques and ATM card. Does not have push pull. A keeper.

Implicity. Good to deal with on phone an email. They now have chat that I have not tried. System is the regular CU system. Most dealings I do by secure email. Has push pull, ATM card and cheques.

Outlook Financial. Has lots of faults. Has push pull, cheques and ATM card. Not a keeper.

But for rates keep Oaken in mind as well. Good to deal with on phone and a real good ordering system. Does NOT have associated savings accounts for registered accounts. Has push pull. Does not have cheques or ATM card. A keeper.

Each has differences and you may want to tailor what goes where.

July 14, 2017
4:00 pm
Loonie
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October 21, 2013
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I agree with both of the above, although I've only used Hubert.

Hubert stands out for its flexible one-year GIC and its high-interest USD account. None of the others offer these.

July 15, 2017
10:08 am
SG
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December 18, 2008
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I've dealt with Achieva in the past... The $1 per month for going to estatements is nice, but the only 1 free transaction per month limits ths account. I left them in 2011.

I was with Hubert when they first started up (2011ish?). I didn't like the website or statement layout and lack of features (at that time) and didn't stay.

I tried Accelerate financial when they came (2012 or 2013?).. Found banking system to be very archaic and had its limits so closed account after 3 months.

Then I found Implicity Financial in 2013 when they started and I still have accounts with them. Unlimited transactions, debit card, ability to write checks, PAD, clean easy to read statements, and friendly customer service staff... I've really enjoyed banking with them. Unfortunately as my account balance increased their rates were not as good as Alterna Bank (which has all those account features plus bill payment and free debit card pos transactions) , so this year I moved most of my money to Alterna Bank (based in Ontario) but I still have a small amount at implicity and keep accounts there.

Alterna and Implicity use the same banking system... Yet at Implicity I can set recurring transfers to or from my external linked accounts... And at Alterna I cannot, but at Alterna I can transfer between TFSA accounts myself (not withdrawing, just shuffling) yet at Implicity you would have to call.

July 15, 2017
11:34 am
Cranston
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SG, I am not debating your comments. We all feel differently about some FI's and have different needs.

I was with Hubert when they first started up (2011ish?). I didn't like the website or statement layout and lack of features (at that time) and didn't stay.

Hubert has changed there web site and it takes a bit of getting used to but all in all the experience is good. The one only thing I would like them to add to the online GIC order is to give maturity instructions...ie. reinvest or place in to savings account. Not sure if they offer interest paid annually or not and if not in the order entry it too should be added. But no matter what is missing, just email them and they will obligingly update.

I tried Accelerate financial when they came (2012 or 2013?).. Found banking system to be very archaic and had its limits so closed account after 3 months.

They too have changed their web site over to the Crosstown product which is pretty much a same old same old CU site.

Then I found Implicity Financial in 2013 when they started and I still have accounts with them. Unlimited transactions, debit card, ability to write checks, PAD, clean easy to read statements, and friendly customer service staff.

These folks are hard to find for some reason. I have no issues with them BUT will be dropping them. Reason, I have too many bank accounts and what I do with them I can do elsewhere. And once again I have no issues with Implicity.

ps. I only use Hubert, Implicity and Accelerate for investing....not for day to day banking. So some of the features are not needed. I like to have ATM card, Cheques and push/pull but can live with push/pull only as most all Fi's allow GIC order entry on funds that have just been pulled.

Please write your comments in the forum.