March 23, 2022, Manitoba—The Board of Directors of Access Credit Union have announced a $13.1 million cash return via their Member Rewards profit-sharing program to their members. This payout marks the largest in Access’ history.

In January 2021, Access and Crosstown Civic Credit Union merged, promising to place a strong emphasis on retaining the patronage program within the amalgamated organization. After an $8.2 million payout in spring of 2021, the increase in Access’ scale and success enabled the organization to deliver an impressive $13.1 million payout on March 23, 2022 based on 2021 overall growth. This year’s Member Rewards payout makes good on the merger promise to not only continue to pay patronage returns, but also to pay out existing Surplus Shares as cash.

“The successes of 2021 reflect an organization that is committed to excellence in every facet of our operation. It’s this achievement that allows us to give back to our members through the Member Rewards program,” shared Ingrid Loewen, Board Chair. “We are proud of the accomplishments achieved last year and are eager to return the associated earnings to our valued members, while maintaining a strong equity position for the future.”

“It is important that Access Credit Union remains true to its cooperative values,” said Access Credit Union President and CEO, Larry Davey. “Whether that be through volunteer and donation efforts in our communities, or by returning an unprecedented patronage payout to our loyal members, we are a true coop and we will continue to place emphasis on those values into the future.”

The Member Rewards Program is the credit union’s way to show appreciation to its members for their continued relationships and patronage. Because Access Credit Union is a cooperative, members are true owners of the organization, and are eligible to share in the annual profits. After satisfying requirements for equity reserves, the Board of Directors may set aside a portion of earnings for members who have borrowed and saved at the credit union. The amount a member receives is based on interest earned on non-registered deposits and interest paid on lending products. For more information about Access Credit Union’s Member Rewards Program, please visit www.accesscu.ca/rewards.

Access Credit Union was incorporated in 2021 following a merger with Crosstown Civic Credit Union. The current assets exceed
$6.2 billion. The credit union serves 92,000 members through 26 service delivery offices spread across southern Manitoba and
Winnipeg. Access is currently the second largest credit union in Manitoba. For more information about Access Credit Union, visit
www.accesscu.ca.

Please forward all media inquiries to Access Credit Union Corporate Office:

Adam Monteith, Chief Marketing Officer
Adam.Monteith@accesscu.ca​
204.332.2362