Me-Dian Credit Union adds all-digital membership opening; open to all Canadians | General financial discussion | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Me-Dian Credit Union adds all-digital membership opening; open to all Canadians
May 30, 2019
9:40 am
Doug
British Columbia, Canada
Member
Members
Forum Posts: 4285
Member Since:
December 12, 2009
sp_UserOfflineSmall Offline
sp_UserWebsite sp_Facebook sp_LinkedIn sp_YouTube
Go to Top
1sp_Permalink sp_Print

As a follow-up to this thread announcing four (4) new Manitoba credit unions that permit all-digital account opening, I subsequently checked each of Amaranth Credit Union, Belgian-Alliance Credit Union, and Me-Dian Credit Union, and confirmed that, somewhat surprisingly, Me-Dian Credit Union has added a similar all-digital membership opening to all Canadians. Interest is either calculated daily and paid monthly, in the case of the Plan 24 Savings account, or calculated and paid monthly, in the case of the Regular Savings account. Term deposits are similar to existing Manitoba CU virtual banking branches, but nonetheless worthy of inclusion in the "GIC chart".

I haven't been able to find out the rate of their Plan 24 or their Regular savings accounts, so can't confirm if they'd be eligible for the main HISA chart. If anyone can find this information, please post it in a reply.

They are also worthy of at least a profile page, too.

Cheers,
Doug

May 30, 2019
10:39 am
Shawguy
Member
Members
Forum Posts: 277
Member Since:
December 18, 2008
sp_UserOfflineSmall Offline
Go to Top
2sp_Permalink sp_Print

Their savings rates are terrible.. But the GICs rates are ok.

Also look at their $45 a month chequing account. Lol

Screenshot_20190530-123604.png

Screenshot_20190530-123625.png

May 30, 2019
10:52 am
Doug
British Columbia, Canada
Member
Members
Forum Posts: 4285
Member Since:
December 12, 2009
sp_UserOfflineSmall Offline
sp_UserWebsite sp_Facebook sp_LinkedIn sp_YouTube
Go to Top
3sp_EditHistory sp_Permalink sp_Print

Shawguy said
Their savings rates are terrible.. But the GICs rates are ok.

Also look at their $45 a month chequing account. Lol

Screenshot_20190530-123604.png

Screenshot_20190530-123625.png  

Oof! They might be worthy of inclusion in the GIC chart and a profile page/forum then, but agreed that their Savings account rate is terrible (like lower than HSBC terrible, which is pretty bad). At least HSBC occasionally offers short-term promo rates to boost returns. That chequing account fee is...my God, awful. I get they're focused on First Nations clients and they might be the only credit union in that part of Winnipeg (you would know better than I), but geez, why wouldn't someone just open up a bank account with another credit union and use their ATM fee-free? sf-cool

Thanks, though, for sharing the (poor) Savings rates. Never thought to check membership opening screen, but good strategy. They need an all-inclusive "Rates" page and a website refresh (and a product strategy rethink!).

Edit: I see you're on your mobile phone. 😉

Cheers,
Doug

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.