Overview
Assiniboine Credit Union (ACU) is one of Manitoba’s largest credit unions, offering a full range of mortgage products with competitive rates and flexible terms tailored to Manitoba residents. ACU’s focus on local service and values-based banking makes it a popular choice for borrowers seeking personalized mortgage solutions.
Current Assiniboine Credit Union Mortgage Rates (As of June–July 2025)
| Term | Rate | Type | Notes |
|---|
| 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 | Most competitive |
| 5-year variable | 4.05% | Variable, closed | |
Rates effective as of June 10, 2025. Rates are subject to change and may vary depending on borrower profile and other factors.
Mortgage Features and Options
- Variety of terms: Fixed and variable options from 1 to 5 years.
- Flexible payment schedules: Customize to fit your budget.
- Prepayment privileges: Pay down your mortgage faster without penalty.
- Specialty mortgages: Available for new Canadians, faith-based needs, rural properties, and more.
- Eligibility: Must be a Manitoba resident to qualify for an ACU mortgage.
ACU vs. Other Major Lenders (as of July 2025)
| Lender | 5-Year Fixed | 5-Year Variable | Notes |
|---|
| Assiniboine Credit Union | 3.99% | 4.05% | Manitoba only |
| Meridian (Ontario) | 4.09% | 4.04% | Ontario only |
| Access Credit Union | N/A | N/A | Manitoba only |
| Steinbach CU (SCU) | N/A | N/A | Manitoba only |
ACU's 5-year fixed rate is among the most competitive in Manitoba.
Additional Member Benefits
- Profit-sharing: Members may receive dividends on surplus shares (e.g., 2.5% dividend in 2022), which can effectively lower your overall mortgage cost through annual patronage dividends.
- Preference shares: Option to invest for additional member dividends.
- Values-based approach: Certified B Corp®, with a focus on people, planet, and prosperity.
Regional Requirements & Regulations
- Eligibility: ACU mortgages are available exclusively to residents of Manitoba.
- Down payment: Minimum 5% for conventional and insured mortgages.
- Specialty products: Including construction, investment property, home renovation, and Islamic mortgages.
First-Time Homebuyer and Government Incentives
- First-Time Home Buyer Incentive: Federal program offering shared equity for first-time buyers.
- Home Buyers’ Plan (HBP): Withdraw up to $35,000 from your RRSP tax-free to buy your first home.
- Manitoba-specific programs: Check for local grants or forgivable loans for down payments and closing costs.
How to Apply
- Direct through ACU: Apply online or with an ACU mortgage advisor.
- Compare rates: For a comprehensive comparison across Manitoba and Canada, use theratefinder—a platform that matches Canadians with competitive mortgage rates from top lenders, including credit unions and banks. Start your application at theratefinder.ca/onboarding for a personalized solution.
Summary & Next Steps
- ACU offers highly competitive mortgage rates, especially for 5-year fixed terms, and flexible, values-based options for Manitoba residents.
- Profit-sharing and member dividends can further reduce your effective borrowing cost.
- If you’re shopping for a mortgage, compare ACU’s rates and terms with other lenders, and consider using theratefinder to ensure you get the best rate for your needs.
- Contact ACU or begin your mortgage application online, and explore eligibility for government or first-time homebuyer programs to maximize your savings.