January 9, 2011
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.
January 12, 2019
October 27, 2013
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).
April 6, 2013
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.
December 7, 2011
March 21, 2022
September 30, 2017
January 9, 2011
September 28, 2023
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.