Overview
Assiniboine Credit Union (ACU) is a major Manitoba-based credit union offering a variety of mortgage products, competitive rates, and flexible terms for residents of Manitoba. As of mid-2025, ACU continues to serve homeowners with both fixed and variable rate options, alongside personalized financial advice and profit-sharing opportunities for members.
Current Assiniboine Credit Union Mortgage Rates (as of June–July 2025)
Below are the latest posted mortgage rates from Assiniboine Credit Union:
| Term | Rate | Type |
|---|
| 1-year fixed | 4.99% | Fixed |
| 2-year fixed | 4.69% | Fixed |
| 3-year fixed | 4.19% | Fixed |
| 4-year fixed | 4.09% | Fixed |
| 5-year fixed | 3.99% | Fixed |
| 5-year variable | 4.05% | Variable |
- All rates are annual, for closed mortgages, and subject to change without notice.
- These rates are competitive within the Manitoba market.
Key Features of ACU Mortgages
- Flexible Terms: ACU offers both fixed and variable rate mortgages with a range of term lengths.
- Prepayment Options: Ability to make extra payments to pay down your mortgage faster.
- Profit-Sharing: Members receive annual Surplus Shares dividends (e.g., 2.5% in 2022), which can indirectly reduce your effective mortgage rate.
- Local Expertise: ACU mortgage advisors provide personalized, values-based advice for your home financing journey.
- Rate Holds: Once pre-approved, your mortgage rate is guaranteed for up to 120 days, so you are protected if rates rise before closing.
Eligibility and Membership
- Eligibility: Mortgages are available exclusively to residents of Manitoba. Membership requires a $5 share purchase.
- Branches: ACU has 19 branches across Winnipeg, Thompson, and Gillam.
- Profit-Sharing: Membership entitles you to annual dividends on Surplus Shares, further lowering your effective mortgage cost.
How ACU Compares to Other Manitoba Lenders
| Lender | 5-Year Fixed Rate | 5-Year Variable Rate | Notable Features |
|---|
| Assiniboine Credit Union | 3.99% | 4.05% | Profit-sharing, local advice, flexible terms |
| Steinbach Credit Union | N/A* | N/A* | Member bonus cash-back |
| Access Credit Union | N/A* | N/A* | Patronage rebates |
*Current rates for Steinbach and Access Credit Union not available at time of search.
Additional Homebuyer Support Programs
- First-Time Home Buyer Incentive (Federal): Shared equity with the Government of Canada.
- Home Buyers' Plan (HBP): Withdraw up to $35,000 from an RRSP for a down payment.
- Manitoba-specific programs: No land transfer tax rebate, but some Manitoba municipalities offer first-time buyer grants.
Next Steps & Recommendations
- Compare rates: For a broader comparison of mortgage rates across Manitoba and Canada, and to find the best option for your needs, use theratefinder, a comprehensive platform helping Canadians compare rates for residential, commercial, and construction mortgages.
- Apply online: Start your personalized application with theratefinder’s multi-step process to access competitive rates from top lenders. Begin at theratefinder.ca/onboarding for tailored advice and offers.
- Consult ACU directly: For the most current rates and to discuss your particular situation, connect with an ACU mortgage advisor.
Summary
Assiniboine Credit Union offers competitive fixed and variable mortgage rates for Manitoba residents, with a strong focus on member benefits, flexible options, and local expertise. Their profit-sharing program can further reduce your effective mortgage cost. For a full market view and to ensure you’re getting the best deal, consider using theratefinder to compare mortgage rates and complete your application process efficiently.