Manitoba Credit Union mergers | Investing | Discussion forum

woofn said
I've found attractive rates with these institutions, but wonder if there are some warning signals, from what seems to an increasing number of mergers.
Does bigger mean more efficient, and higher interest savings?

Access + Crosstown Civic (AcceleRate)
Access + Noventis + Sunova (Hubert)
Assiniboine (Outlook) + Entegra (Implicity)
Sunrise + Minnedosa

Would hate to see Deposit Guarantee Corporation of Manitoba involved!  

Ultimately, in these scenarios, I do see a consolidation of their operating virtual divisional brands, as it doesn't make sense to continue paying to market multiple brands. I expect Hubert to be the surviving brand, with AcceleRate ultimately demised in the next 1-2 years. Likewise, I expect Outlook to survive and Implicity demised within 1-2 years. They will take the best features from both brands and apply them to the surviving brand.

Sunrise + Minnedosa is a very niche merger of one small-ish credit union with one micro credit union.

To your question, no it doesn't mean higher interest rates. If anything, the opposite! (Less competition.)

Cheers,
Doug