Detailed information
About company
Sunrise Credit Union is a financial cooperative established in 2008 as a result of the merger of its five legacy credit unions. Sunrise Credit Union’s history began in 1940, with the foundation of Virden Credit Union. Through 82 years of operation, the credit union has grown into a full-service financial institution with over $1.7 billion in assets. Sunrise Credit Union serves 34,000 members through its 19 branches across Manitoba.
Features
Sunrise Credit Union offers a full range of banking products and services for both individual and business members.
Being committed to community development, Sunrise Credit Union reinvests part of its profits back into the local communities.
Pros and cons
Joining Sunrise Credit Union has the following advantages:
Participating in community development
An opportunity to elect the Board of Directors
Fee-free banking for seniors and students
Competitive interest rates for select savings accounts
Insurance coverage of eligible deposits guaranteed by the Deposit Guarantee Corporation of Manitoba
Online and mobile banking capabilities
Access to thousands of surcharge-free ATMs
The disadvantages are:
Availability of products and services for Manitoba residents primarily
Products
Sunrise Credit Union offers a range of banking products for individuals:
Chequing accounts with different numbers of transactions included to meet your daily banking needs
Savings accounts allowing you to deposit funds safely and earn up to a 2.15% interest
Closed and open mortgages with fixed and variable rates ranging from 4.50% to 6.45% depending on the chosen solution
Loans with flexible repayment terms available at fixed or variable rates
Term deposits ensuring the safety of your initial investment and providing a guaranteed return at rates ranging from 0.15% to 5.50%
Registered plans like RRSPs, RRIFs, and TFSAs allowing you to hold your cash and investments and benefit from tax deductions
For ag and business members, there are the following products at Sunrise Credit Union:
Chequing accounts for everyday banking with different plans to meet the transaction needs of your business
AgriInvest savings accounts for Canadian farmers providing a 2.15% interest rate
Closed and open commercial and agriculture mortgages with interest rates ranging from 5.50% to 6.25%
Business loans for different needs of your business with either fixed or variable rates and flexible repayment terms
Business lines of credit providing ongoing access to financing, with interest applied to the borrowed amount only
Business credit cards with different benefits to choose from — zero fees, low rates, cash back, and rewards
Leasing solutions providing access to equipment your business needs
Services
Personal banking services offered by Sunrise Credit Union are retirement and wealth services providing guidance on the right products and solutions for achieving your financial goals.
Business banking services include:
Business investing services to help you with transition, succession, or strategic planning
Access to Qtrade Direct Investing™ enabling you to trade stocks, bonds, ETFs, and mutual funds online with low fees
