Sunova (Hubert), Access (Accelerate) and Noventis credit unions merger

Update from the Hubert shareholder briefing:

Hubert and Noventis will be merged into Access (the largest of the 3). Access back-end IT systems will take over operations. The merged credit union will be called Access. The new board will be 50% Access and 25% each Sunova and Noventis. The chairman will be the current Access chairman. The Sunova CEO is retiring later this year.

Usual empty words about maintaining values, but essentially Sunova/Hubert will be disappearing over the next year (presuming of course that the merger is approved by the members), although they might retain the Hubert brand name if there's any marketing value in it.

The CEO let slip that the current GIC interest rates are a promo that they plan to reduce at the end of the month.

The merger vote was in favour, so the merger will be going ahead. Bye-bye Hubert Happy Savings, hello Access, my least favourite credit union.

I guess maybe I should consider a backup plan for the money I have with Hubert. I have some money in their 1 year TFSA GIC.

There are probably banks with better rates but I have not taken the time to look.