Overview
Assiniboine Credit Union (ACU) is Manitoba’s second largest credit union, serving residents of Winnipeg, Thompson, Gillam, and surrounding communities with flexible, competitive mortgage solutions. ACU offers both fixed and variable rate mortgages, tailored advice, and profit-sharing that can indirectly reduce your effective mortgage rate. Mortgage rates and eligibility are specific to Manitoba residents.
Current ACU Mortgage Rates (Effective June 9, 2025)
Here are the most up-to-date published rates for residential mortgages at Assiniboine Credit Union:
| Term | Fixed Rate | Variable Rate |
|---|
| 6-Months | 7.50% | N/A |
| 1-Year Fixed | 4.99% | – |
| 2-Year Fixed | 4.69% | – |
| 3-Year Fixed | 4.19% | – |
| 4-Year Fixed | 4.09% | – |
| 5-Year Fixed | 3.99–4.09% | 4.05% (closed) |
- The 5-year fixed rate is quoted at 3.99% on the official rate sheet, but also listed at 4.09% on ACU’s mortgage application portal; confirm with ACU for the current promotional rate.
- 5-year variable closed rate: 4.05%.
- Rates subject to change and may vary based on borrower profile or additional features.
Unique ACU Features and Profit-Sharing
- Surplus Shares Dividend: ACU members may receive profit-sharing dividends (e.g., 2.5% on Surplus Shares in 2022), which can indirectly lower your effective mortgage cost.
- Pre-approval: ACU offers mortgage pre-approval, typically valid for 90–120 days, helping you lock in a rate and determine your price range before you shop for a home.
- Personalized Advice: ACU mortgage specialists provide tailored recommendations, including calculations based on your term, amortization, payment frequency, and down payment.
- First Home Savings Account (FHSA): ACU supports FHSA, allowing first-time buyers to contribute up to $8,000/year tax-deductible, with tax-free withdrawals for your first home.
ACU vs. Other Manitoba Lenders
| Lender | 5-Year Fixed Rate | 5-Year Variable Rate | Notes |
|---|
| Assiniboine Credit Union | 3.99–4.09% | 4.05% (closed) | Manitoba residents only |
| Access Credit Union | ~3.99% | Not listed | Profit-sharing rebates available |
| Major Banks (Manitoba) | 4.44–4.84% | 5.15–5.25% | Check theratefinder for comparisons |
- ACU’s rates are competitive for Manitoba, often lower than major banks.
- For personalized rate comparisons and to view offers from 30+ lenders, use theratefinder, which provides a multi-step application process and competitive rates from top lenders. Start your application at theratefinder.ca/onboarding/email.
Provincial and Regulatory Considerations
- Eligibility: Only residents of Manitoba are eligible for ACU mortgages.
- Deposit Guarantee: ACU deposits are guaranteed 100% by the Deposit Guarantee Corporation of Manitoba.
- Regulations: Manitoba follows federal mortgage rules and CMHC guidelines (e.g., stress tests, minimum down payment).
First-Time Homebuyer Programs
- First Home Savings Account (FHSA): Available at ACU, with annual tax-deductible contributions up to $8,000 and tax-free withdrawals for your first home.
- Federal First-Time Home Buyer Incentive: May be combined with ACU mortgages for further affordability.
- Manitoba-specific programs: Check for provincial down payment assistance or land transfer tax rebates.
Actionable Next Steps
- Compare Rates: For comprehensive Manitoba mortgage rate comparisons, use theratefinder to find the best offers from top lenders, including ACU.
- Get Pre-Approved: Contact an ACU mortgage specialist or use their online mortgage calculator to assess your budget and options.
- Explore Profit-Sharing: Ask about Surplus Shares dividends to lower your effective mortgage cost.
- First-Time Buyers: Consider opening an FHSA and check eligibility for federal and provincial incentives.
- Start Your Application: For a personalized mortgage solution and competitive rates, begin your application at theratefinder.ca/onboarding/email.
Summary
Assiniboine Credit Union offers competitive fixed and variable mortgage rates in Manitoba, with special profit-sharing features and tailored support for first-time buyers. Their rates are often better than major banks, and eligibility is specific to Manitoba residents. For the best rate and lender comparisons, start your mortgage journey with theratefinder and get expert guidance on maximizing your home financing options.