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Kidd said
I would say... NO DEAL and move my funds.

I worry about Manitoba but that's my alternative choice. Loonie was just offered 2.75% on a minimum balance of $250,000 with tangerine and as i replied to that post, i would have taken that offer and tried to tweak it a little.

1) on all money not just NEW money.
2) ask for a term longer than 180 days.

And if need be, i may have offered to bump up the $250,000 minimum deposit to get those additional terms.  

I wouldn't worry about Manitoba CUs, Kidd. While the Manitoba provincial government may not be contingently liable for the liabilities of its provincial Crown corporation, the Deposit Guarantee Corporation of Manitoba, the DGCM does maintain both a reserve fund and has access to public and private borrowing facilities, much like CDIC, to guarantee deposits. You could spread your deposits around between 2, 3, or even more Manitoba credit unions, if you wanted. Assuming the entire Manitoba credit union system doesn't fail, in which case, we're in a major economic meltdown which Loonie and others have noted our dollars are worth substantially less. But besides all that, DGCM, like its other provincial regulatory counterparts, has broad regulatory powers that include the power to fire the board of a problem credit union and step in to improve regulatory capital or internal controls. They can also force a sale of the deposits to another credit union, or even a federally-regulated bank.

Cheers,
Doug

MapleOne said
So here it is officially

  

I thought you said it was Simplii Financial that offered you this rate?

Cheers,
Doug

In the end, all that matters is how badly they want your money and how badly you want to deal with them. When there is a match, you do business. When there isn't, you both move on. This goes for all banks and CUs.
I'm sure that as an experienced and successful business person, MapleOne knows this.