Thank You for Saying "Yes and Oui" to the Merger

Today, the member-owners of Assiniboine Credit Union – including members of Outlook Financial a wholly owned subsidiary of ACU, Caisse Financial Group, and Westoba Credit Union – including Maxa Financial a Division of Westoba Credit Union, voted “Yes and Oui” to a future of possibilities when they voted in favour of creating a uniquely Manitoban credit union.

Thank you.

Thank you for trusting your Board of Directors who recommended the merger knowing that to be stronger and more sustainable we need the size and scale to meet your needs and the needs of your communities.

Thank you for believing in a future that will create one of the largest credit unions in Manitoba and in the top 10 largest in Canada.

A merger is a fundamental change and requires not less than two-thirds of the financial co-operative’s votes cast on the Special Resolution to be in favour, in order for the Special Resolution to pass. Online voting started June 6, 2024, and concluded on June 19.The partners are happy to share that, of the members who voted, the resolution was passed with 89% of Assiniboine members, 84% of Caisse members, and 88% of Westoba members voting in favour.

We all bring something to the table that the other partners value, we have partners who want what we want, a strong financial co-operative that uniquely represents Manitoba preserving what is important to all of us, French language services, urban, rural, and agricultural communities, and values-based banking.

Assiniboine, Caisse and Westoba expect to merge effective January 1, 2025, after obtaining all necessary approvals, creating Assiniboine Credit Union / Caisse Assiniboine. Your new credit union will have a combined 50 branches, 216,000 members, $9.6 billion in assets, and the widest geographic reach of any credit union in Manitoba.

We appreciate that you will continue to have questions about what’s next and we will be ready to answer those over the coming weeks and months.
Thank you again for believing in what’s possible.

Crystal Laborero, Board Chair
Kevin Sitka, President & CEO

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Rates effective
Jun 28, 2024

  • 3.45% Savings
  • 4.85% 1 Year Term
  • 4.25% 5 Year Term
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