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Your Comprehensive Guide to Upcoming Changes at Luminus Financial  

New Accounts and Services for Luminus Members

In this article:

We’re always looking for ways to improve your banking experience at Luminus Financial. That’s why, on July 1, we’ll be launching two major initiatives including upgrading our online banking systems and consolidating certain Luminus and Airline accounts into new account packages. This comprehensive guide provides a detailed explanation of these changes and how they might affect your accounts.

We understand change can bring questions, so we’ve compiled this guide to ensure a smooth transition for all our valued members. Within this resource, you’ll find information about:

  • The specific accounts affected by the consolidation
  • How the consolidation process will work
  • What changes to expect regarding your account features and benefits
  • Important dates and deadlines to keep in mind

If you have any questions after reviewing this guide, please don’t hesitate to contact our friendly Member Relations team at 1-877-782-7639 or inquiries@luminusfinancial.com. We’re here to support you throughout this process.

Thank you for your continued membership with Luminus Financial!

A fresh take on online banking

You asked and we listened. On July 1, we’re excited to unveil a completely reimagined online banking system for Luminus Financial and former Airline members. Featuring a modern and user-friendly design, our new online banking system will make navigating to your accounts and accessing essential tools a breeze. We’ve also added even more features to empower you to manage your finances effectively. What can you look forward to?

  • Modern and User-Friendly Design: We’ve ditched the clutter and embraced a clean, intuitive interface. Our new online banking system boasts a modern aesthetic that’s both visually appealing and easy to navigate. Finding the features and tools you need will be a breeze, no matter your technical expertise.
  • Effortless Navigation: We’ve streamlined the layout and organization of the online platform. Whether you’re checking your balance, transferring funds, or paying bills, you can effortlessly access what you need with just a few clicks.
  • Improved Transaction Management: Gain a clearer picture of your finances with enhanced transaction details and powerful filtering options.

New accounts designed with you in mind

On July 1, we are also excited to roll out new accounts to all member-owners, simplifying our offerings and consolidating old account types into a new set of classic and infinite options. This change means that certain existing Luminus Financial and Airline Credit Union accounts will transition to new accounts most closely aligned with current features and benefits.

For example, Luminus’s Three Star Chequing and Airline’s Chequing Account will become the Classic Chequing Account. Higher-tier accounts, such as the Fivestar Chequing, will transition to our new Infinite Chequing Account, offering no monthly fees, fee-free transactions, and added perks such as extended warranty and buyer protection. Refer to the detailed outlines and tables below for a quick overview of what to expect.

Updated Luminus Products
Updated Airline Products

Read more about our new accounts here: New Accounts, New Possibilities: Getting To Know Our New Luminus Accounts

How the consolidation process will work

We’re working hard to make this transition as smooth as possible. On July 1, 2024, your accounts will automatically switch to the new product or products that correspond to your existing account types. During the transition, you may experience temporary interruptions as we upgrade our banking system and fully integrate the Airline Financial accounts into Luminus. Rest assured, we will keep you informed every step of the way, and our support teams are standing by to assist you.

What changes to expect regarding your account features and benefits

The transition to new products will bring a fresh set of features and benefits designed to enhance your banking experience. The Infinite Chequing Account, for instance, comes with free online banking and overdraft protection. The Infinite Savings Account will offer higher interest rates, flexible deposit and withdrawal options, and no deposit fees, maximizing your earning potential. Note that while some fees and limits may change, these new products are intended to provide greater value and convenience.

Great news for former Airline Credit Union members! In addition to the streamlined account options we’re introducing on July 1st, we’re also providing you with an extra layer of security for your everyday banking. You’ll now have the ability to enable Multi-Factor Authentication (MFA) on your accounts. We’ll be providing more detailed information on how to set up MFA on your Luminus account closer to July 1st. In the meantime, you can explore this overview about MFA to learn more about its benefits.

Important dates and deadlines to keep in mind

Here are a few key dates to be aware of:

  • July 1, 2024: Official launch date for our new online banking system and new accounts.
  • After July 1, 2024: Airline members must set up Two-Factor Authentication (2FA) for increased security.
  • July 15, 2024: The deadline for all Airline members to reset their online banking passwords.

Stay informed by visiting our website for regular updates and mark your calendar to ensure you’re prepared for these important changes.

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