Mortgages made for real life

*Rate subject to change. 
**Terms and conditions apply.
^†Terms and conditions apply. Visit https://www.collabriacreditcards.ca/affiliate_steinbach-credit-union/offers/cmcrebateplusrewards.aspx for more details.

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Collabria Financial Services Inc. (“Collabria”) is an independant entity from your credit union with no ownership interest in the other. If you choose to obtain Collabria credit card services through a referral from your credit union, if will receive compensation from Collabria. 

SCU Mortgage Offer Promotion (Terms and Conditions)

General Terms

1. Steinbach Credit Union Limited (“SCU”) is offering savings of up to $1,824 in value (the “Offer”) to new and existing SCU personal members (each, a “Member”) who apply for or switch their qualifying mortgage to SCU, subject to meeting the eligibility requirements of these Terms and Conditions.
2. The Offer is available to Members who, during the Offer Period (as that term is defined below):
3. are and at all times remain a resident of Canada (excluding residents of Québec);
4. apply for or switch a personal residential mortgage to SCU, which is one of the following types and terms:
5. 1. 3-year fixed interest rate High-Ratio or Conventional mortgage;
6. 2. 4-year fixed interest rate High-Ratio or Conventional mortgage; or
7. 3. 5-year fixed interest rate High-Ratio or Conventional mortgage,
8. 4. 5-year variable closed High-Ratio or Conventional mortgage,

3. receive from SCU a written mortgage pre-approval or approval for a Qualifying Mortgage, containing an interest rate commitment, which remains unrevoked (an “Approved Mortgage”), between 12:01 A.M. CDT on April 15, 2026 and 5:00 P.M. CDT on June 27, 2026 (the “Offer Period”).

3. The details of the value available to the Member under the Offer are as follows:
   1. if the Member acquires an Approved Mortgage from SCU during the Offer Period, SCU will reduce the Member’s applicable SCU fees by up to $350 for appraisal fees, up to $350 for processing fees, and up to $500 for mortgage registration fees, for a total potential fee reduction of up to $1,200; and
   2. in addition to (a), all Members who acquire an Approved Mortgage or renew an Approved Mortgage from SCU during the Offer Period, will, subject to compliance with the additional terms that apply to each benefit, be eligible for: (i) a waiver of their first year annual fee under the SCU Collabria World Elite® Mastercard®, a value of $120; and (ii) a cash reward of $300 and a waiver of certain fees under their SCU chequing account for setting up a qualifying direct deposit with SCU, up to a maximum of $204, for a total value of up to $624 (collectively, the “Bundled Rewards”).
4. All other terms and conditions applicable to the Approved Mortgage and the Bundled Rewards (as outlined in the applicable SCU agreement or agreements with the Member) continue to apply.

5. The Offer will start at the commencement of the Offer Period and continue until the earlier of the end of the Offer Period or when SCU terminates the Offer, in its sole discretion and upon not less than twenty-four (24) hours’ notice to Members by posting an update on SCU’s website: https://scu.mb.ca/personal. If SCU terminates the Offer as aforesaid, then the Offer Period shall be deemed to have ended upon the expiry of such notice.
6. Any written mortgage pre-approval or approval which is issued by SCU before the start or after the end of the Offer Period is ineligible and will not qualify for the Offer, even if the pre-approval or approval is otherwise a Qualifying Mortgage.

7. Each Member is eligible for only one (1) Offer in total, regardless of the number of mortgage applications they submit, and any savings under the Offer apply only to the first mortgage application for which the Member receives a written pre‑approval or approval during the Offer Period. If a Member, who has not previously received the Offer, receives an Approved Mortgage which has more than one (1) mortgagor, the other mortgagors will not be eligible for or receive a separate Offer in respect of such Approved Mortgage. For clarity, co‑mortgagors who are each Members and who separately obtain their own written pre‑approval or approval for distinct Approved Mortgages are not eligible for additional Offers beyond the one (1) Offer available per Member in total. In addition, where two (2) or more individuals are co‑mortgagors on an Approved Mortgage for a co‑mortgaged property and one (1) co‑mortgagor receives the Offer in connection with that Approved Mortgage, none of the other co‑mortgagors will be eligible to receive a separate Offer on any other Approved Mortgage.
8. All non-Members wishing to participate in the Offer must purchase a five-dollar ($5.00) Member share before their receipt of their written mortgage pre-approval or approval for an Approved Mortgage from SCU.
9. Any Approved Mortgage pre-approval or approval which is revoked, terminated or otherwise not funded and entered into prior to the end of the Offer Period will not be eligible for the Offer.
10. All references to dollars ($) herein are references to Canadian Dollars (CAD).

11. This Offer is non-transferable, non-saleable and may not be exchanged for cash (excepting the aspect of the Bundled Reward which contemplates payment of cash). Fee waivers do not constitute payments and have no separate cash value.
12. SCU reserves the right at its absolute discretion to change any of these Terms and Conditions from time to time without prior notice. In the event of conflict, these Terms and Conditions will prevail over any account agreement with SCU and any of the contents of any brochure, promotional materials or statements, or any other communication regarding this Offer, whether written or oral from SCU, except where otherwise stated.
13. By participating in this Offer, Members agree to comply with all applicable laws and regulations. Any attempt to manipulate or exploit the Offer, as deemed in SCU’s sole discretion, will result in disqualification.
14. The Member will not engage, either directly or indirectly, for themselves or through or behalf of or in conjunction with any other person or entity, in any behaviour which could be deemed, by SCU in its sole discretion, to be offside of the intention of this Offer.
15. SCU reserves the right, at its sole discretion, without advance notice, to suspend, disqualify, limit, revoke, terminate or otherwise modify the Offer, in whole or in part, for: (i) any Member it finds or believes to be manipulating or otherwise abusing the integrity of the Offer or who otherwise is deemed ineligible; and (ii) any reason or if an Offer can't run as planned including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond SCU’s reasonable control which corrupt or affect the administration, security or proper conduct of this Offer.
16. By accepting this Offer, the Member agrees that they have read and understood these Terms and Conditions and agree to be bound by them. Any notice with respect to this Offer is deemed to be provided on the day it is posted on the SCU website.
17. To the fullest extent permitted by applicable law, the parties agree that SCU is not liable for any loss or damage related to this Offer, including, but not limited to, direct, indirect or consequential damages. By participating in this Offer, the Member agrees to irrevocably and unconditionally release, discharge and forever hold harmless SCU, its directors, officers, employees, agents, representatives, affiliates, successor and assigns (collectively, the “Released Parties”) from any and all claims or liabilities (collectively, “Claims”), whether known or unknown, which the Member, directly or indirectly, now has or may hereafter have, arising out of or in connection with this Offer, or any associated transaction, service or product provided by SCU.
18. By participating in this Offer, the Member agrees to indemnify and hold harmless the Released Parties to the fullest extent permitted by law, and from any and all losses arising out of: (i) any breach by SCU of its obligations pursuant to the Offer, including, without limitation, claims made by third parties; and (ii) any of the Released Parties’ negligence or willfully wrongful, wanton or reckless condition or omissions. Certain laws, including consumer protection legislation, may not allow the exclusion or limitation of certain warranties, conditions or liabilities. In such jurisdictions, some or all of the above indemnity and release may not apply, and the parties’ rights and obligations shall be limited only to the extent permitted by such laws. This indemnity shall survive the termination, completion or expiry of the Offer between the Member and SCU.
19. The Offer is intended for promotional purposes only and does not constitute financial, tax, accounting or legal advice or an opinion related to the acquisition, suitability or use of the Account. The Member acknowledges and agrees that SCU is not providing any financial, tax, accounting or legal advice or information on the potential consequences to the Member as a result of the Member’s participation in the Offer. Members should obtain their own professional advice, as needed. For greater certainty, SCU is not responsible for any financial, tax, accounting or legal advice to the Member or potential financial, tax, accounting or legal consequences to the Member as a result of this Offer.
20. This Offer may be combined with other promotions offered by SCU (including, without limitation, the Bundled Rewards), provided that: (i) the other promotion’s terms expressly allow combinability or do not prohibit it; (ii) the Member independently satisfies all eligibility criteria for each promotion; (iii) no single transaction, deposit, or fee waiver is counted more than once toward benefits under multiple promotions; and (iv) if there is any conflict between promotions, SCU will apply the combination that provides the Member the greater total value without exceeding any applicable caps or violating any promotion’s terms. SCU may audit eligibility and adjust or reverse benefits to correct duplication or error.
21. The invalidity or unenforceability of any provision of these Terms and Conditions shall not affect the validity or enforceability of any other provision. If any provision is determined to be invalid or otherwise unenforceable or illegal, these Terms and Conditions shall otherwise remain in effect and shall be construed in accordance with their terms as if the invalid or illegal provision were not contained herein.
22. These Terms and Conditions and the agreements referenced herein contain the entire understanding of the parties with respect to the subject matter hereof, and supersede all prior and contemporaneous written or oral understandings, agreements, representations and warranties with respect to such subject matter. The parties may not amend these Terms and Conditions except by written instrument signed by the parties. In particular, SCU employees or other representatives are not authorized to waive, modify or amend any provision or provisions of these Terms and Conditions in any manner whatsoever other than as is specifically contemplated herein.
23. These Terms and Conditions, and all issues and questions concerning the construction, validity, interpretation and enforceability of these Terms and Conditions, or the rights and obligations of all Members and SCU in connection with the Offer, shall be governed by and construed in accordance with the laws of the Province of Manitoba and the federal laws of Canada applicable therein, without giving effect to any choice or conflict of law rule that would result in the application of the laws of any other jurisdiction. The parties irrevocably submit to the exclusive jurisdiction of the courts of the Province of Manitoba for any action, suit, or proceeding arising out of or relating to these Terms and Conditions and irrevocably waive any objection to venue or inconvenient forum in such courts. Notwithstanding the foregoing, all decisions regarding eligibility to participate in the Offer shall be determined by SCU, in its sole discretion. Each Member agrees to waive any right they may have to: (i) a trial by jury; and (ii) commence or participate in any class action against SCU related to the Offer or these Terms and Conditions and, where, applicable, the Member also agrees to opt out of any class proceedings against SCU.
24. For any questions or concerns regarding this Offer, please contact SCU at scu@scu.mb.ca