Achieva Financial is the first Manitoba-owned credit union to offer branchless banking to all consumers in Canada. As a division of Cambrian Credit Union, our management and customer support services are located in Winnipeg.

No, existing online banking services are simply a way to access and manage accounts from a traditional financial institution. Consumers who choose online banking through their financial institution sometimes don’t realize that they still pay for personal service and a branch network that they may not be using. By choosing to deal with Achieva, you don’t pay for this overhead, and the benefits are passed on through a higher rate of return.

Achieva Financial is a virtual financial institution established in 1998 by Cambrian Credit Union. As a division of Cambrian, Achieva customers are also members of the credit union and are therefore entitled to vote for a Board to represent them and make decisions on behalf of the membership.

All eligible voting members will receive an election ballot with voting instructions in the mail in early March. 

There are no regular monthly fees, but service fees may apply for certain transactions including withdrawals, Non Sufficient Funds and Stop Payment fees. See our full list of service fees here. 

The interest rate on Achieva Savings Accounts can change with fluctuations in the economy but our intention is to consistently provide higher than traditional rates of return. We will only change the daily interest savings rate once a month (if changes in interest rates do occur in the economy, the Achieva Savings rate is only adjusted once a month on the first business day, thus ensuring that you will receive the posted rate for the entire rest of that month). Rates on new GIC term deposits may change at any time, however the rate on your existing GIC terms is guaranteed for the length of the terms.

We’re able to offer our higher than average interest rates because everyone is served in the same manner – quickly, professionally and courteously. By keeping things simple and straightforward, we’re able to pass operational savings on to you through higher rates of return.

At Achieva, all savings and deposits are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba. In addition, as a division of Cambrian Credit Union, Achieva is supported by the financial strength of Cambrian.

Absolutely. When Achieva was founded in 1998, we were one of the first branchless institutions in Canada. Today, online-only banking has grown in popularity and we have many competitors, though we are pleased that most cannot match our rates. Achieva Financial makes information and account security a top priority. We use advanced technologies to protect your information against unauthorized access, alteration or misuse. Find out more about some of our online security features as well as tips on online safety here. 

As a Canadian financial institution, we must comply with federal and provincial legislation and regulations. As a virtual institution, the SIN is required so we can comply with various identity regulations, as well as income tax reporting requirements. The personal cheque is to ensure accuracy of the personal information and is a requirement due to the implementation of the Proceeds of Crime (Money Laundering) Act.

There are three ways to apply for an account.

1. You can download our AchievaMobile app and use the Open an Account feature. Applying through our app is both secure and convenient, allowing you to scan your identification to enter your information automatically. You can make your initial deposit with an Automated Funds Transfer from your account at another Canadian financial institution or take a picture of your cheque using Deposit Anywhere.
2. You can apply online throughout this site by clicking on Open an Account. It's simple, quick and secure!
3. You can mail in your application. Click on Account Forms and print the PDF application form from the account you are looking to open. Or you can request Achieva send you an application form by calling Achieva's Customer Service Centre at 1-877-ACHIEVA (1-877-224-4382) or (204) 925-6824 in Winnipeg.

No, there is no minimum opening deposit on the Achieva Savings Account.

All funds you have accumulated in your Achieva Daily Interest Savings Account are fully accessible. We do hold each deposit for 10 days as a security feature to ensure that the deposit has cleared the financial institution from which it was drawn. Of course, all other funds already deposited in your account are available to the account holder at any time. Please note that some Registered Accounts are subject to certain withdrawal conditions set out by the Canada Revenue Agency and all deposits held in Guaranteed Investment Certificates (GICs) are not redeemable prior to maturity.

Achieva Financial is only available for personal account use at this time.

Since Achieva has no branch facilities, we selected a box number as the most secure method for depositing cheques to your account.

Achieva Financial is operated entirely apart from Cambrian Credit Union's branches. In order to consistently offer among the highest interest rates available, Achieva Financial operates as a virtual deposit institution. Any deposits however, can be made using Cambrian Credit Union's ATMs free of charge. In fact, any credit union ATM displaying the Acculink logo can be used without any fee.

The Achieva Savings Account is designed to provide high interest on money that you wish to set aside from your daily household operating funds. If you write few cheques or do a minimum level of transactions per month, you may wish to use Achieva for your banking needs, however, should you write a number of cheques and have many electronic transactions in a month, you will be best served maintaining a separate banking account with a more traditional financial institution to manage your daily finances.

Yes, you may pay bills from this account using AchievaOnline.

No. Achieva accounts are for account holders’ personal use only.

No. We only accept cheques in Canadian funds drawn on Canadian Financial Institutions and offer only Canadian dollar accounts.

Yes. If your account is active, we’ll send you statements monthly by mail. If your account is inactive, statements are mailed quarterly. Statements are always available free on our secure Internet banking site, Achieva Online.