Earl Grey Credit Union







	INVESTMENT AND DEPOSIT SERVICES Deposit services As a member of the Credit Union Deposit Guarantee Corporation, all deposits are fully guaranteed. Personal Chequing* A chequing account that includes monthly itemized statements with images of cancelled cheques. Statements & cheques are processed by EGCU. Plan 24* A savings account with interest calculated on the closing daily balance. Interest is paid monthly. Term Deposit* Redeemable and non-redeemable terms available from 30 days to 3 years. Compounding interest options available. As Agents of Concentra Financial We Provide the Following Services:* Registered Retirement Savings Plan (RRSP) We provide RRSP’s to our members, offering a full range of investment options. Registered Retirement Income Fund (RRIF)* At age 69 to establish your own personal pension plan, you will need to convert the funds from your RRSP into a RRIF or other Retirement Income Option. We can help you understand the difference between plans & help you determine which options best suit your retirement needs. Registered Education Savings Plan (RESP)* A government approved plan, providing post-secondary education funding for spouse or child(ren). Income earned within the plan is not taxed until it is withdrawn. RESP plans are also eligible for the Canada Education Savings Grant. INSURANCE* Members Term Life/Group Mortgage Protection With adequate insurance you will keep your business or family free of debt and prevent financial hardship for the people most important to you. Credit Life and Disability* Credit Life and Disability insurance will reduce or pay your loan balance in the event of an untimely death or disability (through sickness or accident) to you or your co-borrower. CARDS MEMBERCARD DEBIT CARD* Member Card provides instant access to your account to make purchases at retail outlets and access to ATM’s. Your PIN (Personal Identification Number) gives you confidential access to your accounts. GLOBAL PAYMENT MASTERCARD* This card acts like a cheque and is accepted worldwide by banks and merchants. With a PIN number, account balances and cash are available at the ATM's. Transactions are recorded on your chequing account statement. GOLD GLOBAL PAYMENT MASTERCARD* This card offers extended health/travel coverage for a minimal fee, in addition to all the features of the Global Payment Master Card. CREDIT UNION MASTERCARD CREDIT CARD* This is a credit card with a separate statement you receive in the mail monthly. Balance payments can be made at the Credit Union and through MemberDirect, our internet banking system. Purchases made with credit union cards include Purchase Protection and Extended Warranty Insurance. CHOICE REWARDS** When attached to the above cards every dollar spent earns you one choice reward point toward merchandise or travel certificates. Semi-annual point accumulation statements are mailed out separately. Details in branch. MISCELLANEOUS SERVICES EMAIL* Member correspondence accepted over email but NO balances will be reported. TELEPHONE TRANSFER* Transfer of funds by next business day to another financial institution. CERTIFIED CHEQUE* At request, cheques can be certified for guaranteed payment. COMMISSIONER OF OATH* Service provided free of charge by authorized employees. FAX/PHOTOCOPYING* Incoming/outgoing fax service available. Copying done for single & multiple copies. NIGHT DEPOSITORY* Convenient deposit drop off at anytime. Verified next business day. SAFETY DEPOSIT BOXES* Rent a safety deposit box to keep your important documents & valuables safe. Safety deposit boxes available in different sizes. DEFERRED CHEQUES* Deferred grain, livestock, etc. cheques are kept safe throughout the year at no charge. DIRECT DEPOSIT/PRE-AUTHORIZED BILL PAYMENT* Electronic payment & deposit of power, energy, telephone, mobility, cable, all Government cheques, payroll, RRSP, Mutual Funds, and insurance companies. TRAVELERS CHEQUES/U.S. DRAFTS* Travelers cheques are available in Canadian & U.S. funds. US drafts available. FOREIGN CASH* May be available with 1 month notice to the credit union MERCHANT SERVICES* This service is available to businesses wanting to accept Credit an Debit Cards as payment for goods and services. INTERNET BANKING* Bank from the comfort of your home, office or from any location in the world where you have access to Internet service. Internet banking allows inquiries to all your accounts, including a history of recent transactions. Pay all your bills with Internet Banking Service. Our Internet Banking Service provides the latest in security, making it one of the safest methods to conduct all your banking needs. WEALTH MANAGEMENT SERVICES* Earl Grey offers this service through Affinity Credit Union in Regina. Wealth Management offers investment advice on: Personalized investment and retirement options Ensuring investments are properly structured Helping to get the most from your Retirement Income Options LENDING SERVICES Loans are provided at market rates along with minimum time approval on loans. We offer: Personal loans* (car, truck, furniture, vacation, investments, etc.) Farm loans (machinery, operating expenses, etc.) Commercial loans (business, rental property, etc.) Mortgages (residential, businesses, farm) Education Loans Registered Retirement Savings Plan (RRSP) loans Line of Credit (overdraft protection on chequing account) The 5 C’s are still the most important areas of prudent lending practices: CHARACTER – the member’s trustworthiness to pay CAPACITY – the member’s human and financial resources to pay debt COLLATERAL – the member’s net worth and equity in purchase or venture COMMUNICATION – the member’s willingness to provide financial information and sustain a co-operative relationship with the credit union CONDITIONS – the current economic conditions required to support the purpose of the loan