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Email this6:10 am
January 9, 2011
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I got a Carpathia mini magazine yesterday (for the first time). In it, they announce an upcoming merger with Access Credit Union, said to be Manitoba's largest. They indicated they will inform more details later, and plan to seek membership approval in December.
Rates on HISA and TFSA haven't moved, with 2.6% in TFSA and 1.01% on HISA still? The reverse is true with 1, 2 and 4 year GICs, where TFSA rates are lower than outside TFSA? They are well down the GIC list competitively, except for 4 and 5 year terms.
The main accomplishment of almost all organized protests is to
annoy people who are not in them.
3:14 pm
January 12, 2019
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.
WOW ... Access CU is about to absorb Yet another Manitoba CU ❗
I wonder who'll be next.
- Dean
" Live Long, Healthy ... And Prosper! "
3:36 pm
October 27, 2013
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Per 2Q2022 https://ccua.com/app/uploads/2022/09/top100-2Q22-20-Sep-22.pdf it is not illogical any one lower than the top 50 CUs in assets might be looking to hook up with a bigger CU for economies of scale. Per the link, within the top 100
Regional representation on the list is as follows: B.C., 26; Alberta, 8; Saskatchewan, 12; Manitoba, 16; Ontario, 30; New Brunswick, 3; Nova Scotia, 2; P.E.I, 1 and Newfoundland, 2
little old MB relative to other provinces still has a lot of CUs per capita (ignoring the 112 little ones below the top 100 that have less than 5% of total CU assets).
11:30 am
April 6, 2013
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Access CU and Carpathia CU are in merger discussions. No agreement has been reached yet.
According to their timeline, the business case for the proposed merger won't be ready until October 18.
1:09 pm
December 7, 2011
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Access Credit Union is in active discussions with Amaranth, Casera, and Carpathia Credit Unions about the possibility of joining Access Credit Union.
9:57 pm
March 21, 2022
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Why is Ideal Savings with their 1.01% HISA rate still on this list of FI? Perhaps it is time to remove them.
2:38 pm
May 15, 2007
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One of the main reasons Ideal Savings is still there is because its TFSA rate is still competitive.
4:22 pm
September 30, 2017
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It is 12 months passing since the first post in this thread
Operational Alignment Schedule here >>
Access CU is indeed the largest by asset in Manitoba according to CCUA Top-100
4:34 pm
January 9, 2011
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Just don't see the benefit and waiting and going through that. It doesn't help to be reading the posts about the other Access integration going on.
The main accomplishment of almost all organized protests is to
annoy people who are not in them.
6:48 pm
September 28, 2023
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Probably the best plan is to move the funds out of Ideal TFSA in late December to regain the contribution room quickly in January if you want to move funds to a different bank TFSA without a transfer fee (Motive would be a good bet if you aren't CDIC maxed out there).
If you wait until their integration in 2024, they will most likely fold the accounts into Hubert like they just did with Accelerate clients. And so far, Hubert is still great rates but doing transactions is clunky and messy so far.
8:21 am
January 9, 2011
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Getting e-mails from Access advising of new account packages coming February 1, with talk only of Carpathia accounts changing automatically to the equivalent Access account at that time.
No mention of Ideal Savings accounts, Hubert, or whatever will be the equivalent platform/accounts. In the details, Access savings accounts have severe limitations on numbers of free withdraws per month and some other fees. Various types of savings accounts and no mention of rates at all.
My TFSA was closed and only a tiny balance remains in my savings in order to keep it active for the transition in case it becomes worthwhile to use it, so it doesn't really affect me one way or the other.
The main accomplishment of almost all organized protests is to
annoy people who are not in them.
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