The News Room
Phishing frauds prompt CU@HOME changes At the end of September you will no longer be able to transfer funds between credit unions using the bill payment feature.
Donations being accepted for Pakistan flood relief until September 11 All donations made at branches by end of day, Thursday, September 9, will be matched by the Federal Government.
Be alert for PHISHING attempts Fraudulent emails appear to come from your financial institution.
More Saturday branches open on long weekends ACU increases from 4 to 12 branches open on long weekend Saturdays.
Alert: Fraudulent job applications targeting CU members Be aware of job applications that ask for your debit card number and PIN or access code.
ACU employee may be CUES® Next Top Credit Union Executive Jodi Chambers, Director, Business Excellence, voted Canadian finalist.
National awards for Assiniboine Credit Union ACU receives two marketing awards from the Marketing Association of Credit Unions.
Members Re-elect Directors All four incumbent directors re-elected to ACU Board.
Protect your debit card from skimming How to protect yourself from unauthorized copying.
ACU Partners with True North to Name One Iceplex Rink MTS and True North announce naming rights agreement for MTS Iceplex.
St. Mary’s branch now offers extended hours Starting May 1, our 1033 St. Mary’s Road location is open Saturday from 10 to 3.
FRAUD ALERT: Phone scam targets the elderly Increasing reports of suspects posing as grandchildren or friends of the family.
Warm weather closes the ACU River Trail The River Trail is officially closed for the season. See you next year!
ACU announces share dividends The Board of Directors of Assiniboine Credit Union is pleased to announce a dividend for both Preference Shares and Surplus Shares.
Take the Fair Trade One Month Challenge Consume only Fair Trade coffee, tea and chocolate beween February 14 and March 15, and win one of 10 ACU prize packages.
Fraud Alert Interac mail scam in Western Canada.
Federal Finance Committee Meets with ACU Federal MPs seek ACU’s views in pre-budget meetings
ACU becomes partner with local insurance broker Greater selection of insurance products available to members.
Assiniboine Credit Union wins Leadership in Co-operative Governance Award Board Chair Garry Loewen accepts award at Ottawa ceremony.
Beware of Internet Fraud Emails that ask for personal or financial information may be fraudulent. Here are ways to protect yourself.
ACU partners with Government of Canada to grow First Nation businesses National Loan Loss Reserve Initiative supports loan applications.
Aspiring entrepreneur? Why not face the Dragons? Dragons' Den looking for entrepreneurs who will turn the economy around.
Assiniboine receives Diversity award ACU is excited to be one of Canada's Best Diversity Employers for 2009.
ACU again tops previous year's United Way success 21% increase in employee donations.
ACU’s President and CEO graduates from Directors Education Program Internationally recognized program hones skills for board directors.
ACU announces share dividends Board of Directors announces dividends for both Preference and Surplus shares.
ACU sponsors river trail for 7th straight year Longest skating trail in the world extends from The Forks to Assiniboine Park.
MasterCard special fraud alert CUETS Financial Fraud Department is actively monitoring CU MasterCard accounts for unusual activity.
Beware of telephone credit card scam Caller poses as a credit card fraud investigator and asks for personal information.
Assiniboine’s online brokerage provider achieves top rankings again Latest Surviscor rankings keep Credential Direct on top for 6th straight time.
From gas station to green space ACU unveils new energy efficient branch.
ACU receives Diversity in the Workplace Award Winnipeg Chamber of Commerce honours ACU for its work.
We’re Still a Top Employer! ACU again named one of Manitoba’s Top 20 Employers.
Silentbanker virus attempts banking fraud Keep up-to-date on your antivirus software.
News Archive Stories from 2007 and 2008.



The News Room

ACU announces share dividends

January 30, 2009 - The Board of Directors of Assiniboine Credit Union is pleased to announce a dividend for both Preference Shares and Surplus Shares, based on 2008 financial results.

Preference Shares
A dividend of 5.50% was paid to Preference Shareholders in January 2009 in the form of additional Preference Shares and applies to both Class Assiniboine and Class Astra Shares. The dividend was posted to members' Preference Share accounts on January 28.

Surplus Shares
A dividend of 3.00% on Surplus Shares will be paid in February 2009 in the form of additional Surplus Shares.

Please note:

  • Shares withdrawn prior to December 31, 2008 are not eligible for the dividend.
  • Preference Shares are currently not available for sale.
  • All rules and regulations for registered products apply.
  • Share dividends are taxable as interest.
  • Shares are not covered by the Credit Union Deposit Guarantee.
  • Members remain entitled to only one vote, regardless of the number of shares held.
  • To withdraw Preference Shares, members must apply in writing to the board.
  • Surplus Shares are non-redeemable except under specified circumstances, including:

    • Balances of Surplus Shares over $2000 per account can be redeemed.
    • Upon the death of a member, Shares would be paid to their estate.
    • Upon closing of all accounts and membership.
    • Registered Surplus Share balances of less than $500 may be
      redeemed when a member is required to convert RRSP funds
      into a RRIF (age 71).

Patronage Rebates
In 2009, during the development of their five-year Strategic Plan, the Board of Directors recognized — particularly in these troubled economic times — the need to build Assiniboine’s capital base and ensure a strong financial foundation for the future. To this end, while building ACU’s retained surplus to the targeted level, the board determined Patronage Rebates will not be possible. However, the board also indicated that they would revisit Patronage Rebates once we achieve the targeted capital and retained surplus levels.