Table of Contents - consolidatedcreditu.com · Debi Gallant 888-5542 Consolidated Credit Union. 3...

www.consolidatedcreditu.com 1

Table of Contents

Account Services 4

Savings Services 7

Youth Services 8

Student Services 9

Electronic Services 10

Lending Services 12

Credit Card Services 14

Investment Services 16

Insurance Services 18

Credential Financial Strategies 19

General Service Fees 20

2 Consolidated Credit Union Ltd.

Summerside Main Office

General Manager Sarah Millar 888-5524

Operations Manager Shane MacKinnon 888-5551

Marketing Su Rogers 888-8718

Special Projects Linda Hardy 888-5528

Commercial Lending Steve Boyd 888-5548 Garnet Gibson 888-5536 Amanda Murphy 888-5543

Consumer Lending Sandra Reeves 888-5529 Keith Johnston 888-5523 Pete Peters 888-5544

Financial Servicesand Canada Student Loans Barb Murphy 888-5540 Sandra Hickey 888-5547 Tyler Doucette 888-5532 Investment Services Janet Grady 888-5549

Administrative Services Judy Winchester 888-5546 Norma Dugay 888-5533 Kelly Culleton 888-5527 Tanya Bernard 888-5539 Debi Gallant 888-5542

Consolidated Credit Union


Summerside Main Office

Receptionist Nancy Clark 436-9218

Member Services Manager Debbie MacLean 888-5535

Member Services Nick Clow 888-5525 Dawn Coughlin 436-9218 Ann Ellis 436-9218 Laurie Hickey 436-9218 Vickie MacLellan 888-5538 Jason Martyris 436-9218 MaryLouProfitt 436-9218 John Smallwood 436-9218 Deanna Walsh 436-9218Commercial Teller 888-5556Drive-Thru 888-5537Fax 436-7979

Borden-Carleton Branch

Branch Manager Jason Coady 855-3600

Consumer Lending Sally Paynter 855-3609

Financial Services Sandra Paynter 855-2066

Member Services Margaret Gallant 855-2066 Gloria Paynter 855-2066Fax 855-2171

Consolidated Credit Union


Share RequirementTo become a member/owner a $5.00 deposit is required in your Share account. This $5.00 is yours and will stay on deposit with Consolidated Credit Union for as long as you are a member/owner.

Two free withdrawals are permitted from your Share Account each month, and additional withdrawals will be charged $1.25.

Chequing Account Qualifying Transactions:- Cheques- Global Payment MasterCard transactions- Pre-authorized debits- Interac direct payment debits- Over-the-counter withdrawals- MemberDirect and TeleService transactions- ATM transactions at Credit Union ATM’s and all ATMs on the Exchange and No SUR! Networks

Additional Features:- MemberCard debit card- Cheque Safekeeping- Passbook option- On-line e-statement- Cheque return with monthly statement - $2.00- MemberDirect free on-line access

Standard Service Charge Rates:All chequing accounts will be charged $.60 per transaction above package limits. For all additional fees, please refer to General Service Fees on page 20.

Account Services


MasterPlan Basic - $4.95For those who have limited chequing service requirements.

Includes 15 qualifying transactions.

E-Chequing - $5.95For those who prefer electronic banking

and like to save on transaction fees.Includes 40 electronic transactions.

All paper based transactions are charged $1.00.

MasterPlan Select - $10.95For those who require unlimited basic transactions.

Includes unlimited qualifying transactions.

MasterPlan Plus - $18.95For those who require unlimited transactions

plus additional over-the-counter services.Includes unlimited qualifying transactions. Monthly transaction fee will be waived if minimum balance of $5,000.00 is main-tained. Also includes no charge for over-the-counter bill pay-ments,bankdrafts,certifiedcheques,safetydepositboxrent-al discount ($5.00), 2 free INTERAC ATM and/or PLUS ATM transactions per month.

Prime - No ChargeSuited to owners 59 years of age or better.

Includes unlimited qualifying transactions. Also includes no charge for over-the-counter bill payments, safety deposit box rental discount ($5.00), and complimentary cheque orders. Term deposits qualify for a 1/4% bonus on deposits greater than $5,000.00.

Account Services


Student Account - $2.00A low-cost, stress free chequing package for students.

Unlimited transactions of all types. Must be enrolled as a full time student at a post secondary institution. No transaction charges at any bank machine. Service fees charged at bank ATM’s are not exempt. For service fee exempt locations please refer to www.the-exchange.ca.

US Accounts Ideal for frequent or short-stay travellers to the United States who do not require access to funds through ATMs, etc. Each debit will be charged a $1.00 fee. MemberDirect is available for inquiries. Save in US dollars when the exchange rates are favourable.

Overdraft ProtectionOverdraft Protection is available on personal transaction accounts - subject to approval. It is a valuable safeguard and a great money management tool. With Overdraft Protection, you’re covered against temporary cash shortages.

- Cheques, withdrawals, pre-authorized payments and Interac direct payment purchases are honoured up to your pre-determined overdraft limit.- There’s no monthly fee if you don’t use the service.- Interest is charged only on outstanding balances.

Account Services


Plan 24A daily interest savings account that provides a good way to save with convenient access to funds whenever needed.

- Earn money with a competitive interest rate, calculated daily and paid monthly.- 5 free debit transactions per month.- Per debit fees will be waived if minimum monthly balance of $1,000.00 is maintained.- When minimum balance drops below $1,000.00 and after 5 free items, a $.75 fee per debit will apply.- INTERAC ATM transactions will be $1.50 each and PLUS transactions will be $3.00 each.

Monthly Savings PlanA great way to save! This convenient plan can be purchased through a payroll savings plan, automatic transfers or regular deposits.

- Save money with no fees.-Withdrawalflexibility-fundsavailableatanytime.- One withdrawal permitted per month. - Interest rate is competitive with Canada Savings Bonds- You can cancel at any time.- Interest is calculated on the minimum, daily balance and is paid monthly.- Unlimited access via MemberDirect and TeleService

Savings Services


Kirby KangarooThe Kirby Kangaroo Club is a savings program designed for kids up to 11 years of age. With Kirby Kangaroo kids can learn about saving money through stories, games and entertaining activities. Best of all, the club is fun and free!

Join the Kirby Kangaroo Club and receive a personal membership card and access to a fun website, just-for-kids.No service charges, pays a premium rate of daily interest and receive a passbook.

nChargenCharge is an exciting program designed for teens. With nCharge teens can learn to manage their money and get valuable infor-mationonawidevarietyoffinancialtopics.It’sallaboutlearninghowtomanagemoneyandfinances.

Signing up for nCharge will ensure that you get practical advice onfinancialtopicsthatreallymatter.

- no service fees- unlimited transactions- free MemberCard debit card- Interac direct payment transactions- ACCULINK ATM transactions- over-the-counter withdrawals- MemberDirect and TeleService transactions- interest is calculated daily and paid monthly to your account.

Youth Services


Student Chequing Accounts - please refer to page 6.

Student Lines of Credit- Competitive interest rates.- Available to full and part-time students.- Apply only once and advance funds as needed.- Pay only the interest while attending school.- Repayment will begin after a six-month grace period after end of study date.- Repayment amortization up to 9 years.- Co-signer may be required.

Student MasterCard

Canada Student LoansFor information on the Provincial and Federal Loan programs please refer to the following websites:

www.studentloan.pe.cawww.hrsdc.gc.ca/en/learning/

ScholarshipsConsolidated Credit Union awards seven scholarships, annually, each valued at $1,500.00. The applicant, their parent or legal guardian must be a member of Consolidated Credit Union. The recipient must be a full time grade twelve student attending Three Oaks Senior High School or Kinkora Regional High School. Deadline is April 30th each year. Applications are available at theGuidanceofficesof the respectiveschools,atourofficesand on line at www.consolidatedcreditu.com.

Start building a credit rating - before you enter the workforce! This is the perfect “starter card” for post-second-ary students. No Annual Fees.

Student Services


Electronic ServicesWe make banking easy and convenient by providing you with a variety of services that allow you to access and manage your money from almost anywhere. Make withdrawals and deposits day or night with our ATMs, TeleService telephone banking or MemberDirect on-line banking system.

Have your cheques deposited directly to your Consolidated Cred-it Union account, allowing for easy access. Pay your utilities through MemberDirect or TeleService or set up an automatic transfer. There’s no need to carry cash when you have a MemberCard, you can make purchases wherever the Interac Direct Payment logo is displayed.

www.consolidatedcreditu.com

MemberDirect Online AccessAllows owners instant access to their accounts anytime, any-where.

- free access- balance inquiries- bill payments - immediate and future dated- account transfers-transferfundstootherCanadianfinancial institutions through Hyper-Wallet- order cheques- change address- stop payments- view and print statement of account

Electronic Services


ATMsConsolidated Credit Union provides access to 14 credit union ATMs throughout the province. Access your account at ATMs throughtheInteracNetwork(otherfinancialinstitutionsATMssuch as a chartered bank) in Canada and the Plus Network (oth-erfinancialinstitutionsoutsideCanada).

Access to your accounts is also available through the EXCHANGE Network. The EXCHANGE network gives you convenient ac-cess to your accounts at over 2,200 full-service ATMs across Canada without paying additional surcharges.

To locate ATMs visit www.the-exchange.ca

Credit Unions are now part of the No SUR! Network. This al-lows our owners to use any ATM machine in the United States that display the No SUR! logo and have their withdrawals sur-charge free.

Global Payment CardA Global Payment MasterCard card accesses funds in your chequing account, and is ac-cepted worldwide wherever MasterCard is accepted.

Attach Choice Rewards and receive points with each purchase or apply for Global Gold and receive additional insurance cover-age.

Electronic Services


Whether you’re thinking about buying a home, taking a vaca-tion, or paying off your bills, we have the products you need.

MortgagesChoosing a mortgage is as important as choosing your home! Wecanshowyouthefinancialoptionsavailableandhelpyouchoose the best mortgage to suit your budget.

- Competitive rates.- Flexible repayment terms. - Choice of amortization up to 40 years.- Renewal terms of 6 months to 10 years.- Choice of Closed or Open Mortgage.- Pre-approvals available.-Upto100%financingavailablewithCMHCinsurance.- Flexible repayment options.- Life, disability, critical illness and loss of employment insurance available for single and joint coverage.

Umbrella MortgageOur Umbrella Mortgage turns your mortgage into a valuable as-set. It helps you now and in the future to get the things you need and want.

- Pay for your children’s education- Home renovations- Buy a new vehicle- Purchase a vacation property

Once in place, you decide how and when you’ll use your avail-able credit. You can borrow up to 80% of the value of your home and continue to choose from our broad range of products most suitable for your needs.

Home Equity Line of CreditUsetheequityinyourhometogiveyouthefinancialfreedomyou require to make those necessary renovations, do some well- deserved travelling, pay off high interest debts, or for whatever lifestyle goals you may have in mind.

Lending Services


Personal LoansA personal loan is a convenient solution when funds are needed for an important purchase, a luxury item, or even to consolidate debts into one, lower-cost payment.

-Competitivevariableorfixedinterestrates.- Credit Life and Disability insurance available.- No penalty for extra payments or early repayment.

Whatever Loan*At Consolidated Credit Union, we understand that sometimes you just need a loan for Whatever.

- No interest and no payments for 90 days.- Flexible repayments options- Competitive rates.

*Minimum $5,000.00 OAC. Qualifying conditions may apply.

Personal Line of CreditOur Personal Line of Credit offers you a competitive borrowing rateandallowsyoutheflexibilitytotakeadvantageoflife’sop-portunities. Fixed or variable monthly payments.

Lifestyle LOCDon’t let the golf or hockey season pass you by because you didn’t have the fees up front to pay. Put your garden in on time, take out a gym membership, purchase exercise equipment or buy that ticket for a vacation with a Lifestyle Line of Credit.

RRSP Loans and Line of CreditMaximize your RRSP contribution and repay over time with ei-theroftheseconvenient,flexibleandcompetitiveproducts.

Lending Services


Accepted worldwide*, this convenient payment option allows you to buy now and pay later. With low fees and competitive rates,youreceiveauniquepackageofbenefitsandworldwiderecognition.

We offer a choice of cards, plus, with the Choice Rewards pro-gram, you receive points which are redeemable for free travel and brand-name merchandise.

www.choicerewards.ca

- Earn points for every $1.00 charged for retail purchases and initial balance transfers.- Redeem points for brand-name merchandise from the CHOICE REWARDS catalogue.- Redeem points for free travel from the CHOICE REWARDS travel agency.- No restrictions on travel:

- Any seat- Any carrier (airline, cruise, ski package, etc.)- Any travel time (even during seat sales )- Any destination

MasterCard Core Features:- World-wide global acceptance serving consumers in 210 countries and territories.- World’s largest ATM network.- 24-hour lost/stolen card assistance.- Emergency cards and emergency cash.- Master RoadAssist 24-hour roadside assistance. List of contact numbers www.cuets.ca/contactus.html

Credit Card Services


No Fee with Choice Rewards. Convenience of a credit card at no cost. Earn 1 point for every $2.00 charged.

Low Fee This card has the perfect combination of features at a great price. Also available Low Fee with Choice Rewards and Low Fee Gold.

Gold MasterCard with Choice Rewards This card includes all the features of the Gold MasterCard Credit Card, as well as the Choice Rewards Program. This card is designed to provide you with exceptional coverage and convenience.

Platinum This prestigious card will appeal to your need for convenience, security and sense of adventure and also offers an exclusive travel reward program. Earn 2 points for every dollar charged for retail purchases.

For complete product descriptions and up to date rates visit:www.cuets.ca/products/index.html

*Effective October 1, 2007 CUETS issued MasterCard credit card and Global Payment MasterCard transactions will no longer be accepted in the following countries: Iran, Myanmar (Burma), North Korea, Sudan and Cuba.

Members can use their cards to purchase travel arrangements, airfare and accommodations prior to travelling to these countries, butcannotusethecardswhileinthesespecificcountries.

Credit Card Services


Financial PlanningWeofferacomprehensivefamilyoffinancialservicesandsolu-tionsdesignedspecificallyforyourlifestyle.

- Deposit Products- RRSPs, RRIFs and RESPs- Investments - Insurance

Term Deposits and CDR’s (Credit Union Deposit Receipts) pro-vide youwith safe andflexible investment options. You areguaranteed to keep your initial investment while earning com-petitive interest. Deposits are insured under the terms of the Credit Union Deposit Insurance Corporation (CUDIC).

Term Deposit - minimum $1,000.00 - Terms available from 1 to 5 years- Owners 59 or better qualify for a 1/4% bonus on a minimum deposit of $5,000.00.

CDR - Credit Union Deposit Receipt - minimum $500.00- Funds are required to be deposited for a minimum of 90 days to earn interest.-Theinterestrateissetmonthlyonthefirstbusiness day of each month.- Compound interest is paid semi-annually on March 31st and September 30th.

Index-Linked Term DepositsThese products allow you to invest in the stock market without any risk to your principal. There are no fees or commissions, yourprincipalisguaranteed,andyouchooseafixedtermof3or 5 years. Rate of return is calculated on the performance of the TSE.

Investment Services


RRSPsWe can help you understand RRSPs, show you the different investment options available, explain the short and long term benefits,andhelpprepareanRRSPplanthatmakessenseforyour future.

- Save more or retire earlier with compounding interest.- Variable and Fixed Rate Plans available.- Fixed term RRSPs available from 1 to 5 years- Personal and Spousal RRSPs available- Secure investment with principal and interest guaranteed

Consolidated Credit Union is a member of the Credit Union De-posit Insurance Corporation (CUDIC), which provides 100% coverage on all Registered Investments at Consolidated Credit Union. RRSP’s may be converted to one or several Retirement Income Options at any age, but you must terminate it no later than December 31 of the year in which you turn 71.

RRIFsWhen you terminate your RRSP, all the money remains sheltered from tax if you move it to a Retirement Income Fund and only the money withdrawn each year is taxed for that year.

- Funds continue to earn interest while on deposit.- Control over amount of monthly/annual payments.- The balance is available for survivors- Deposit insurance protection.- Variable and Fixed Rate plans available.- Secure investment with principal and interest guaranteed

RESPsPrepare for your children’s pursuit of a higher education. Plan for their future now! There are numerous investment options available.Pleaseinquiretofindtheoptionsbestsuitedtoyourneeds.

Investment Services


CUDICThe Credit Union Deposit Insurance Corporation (CUDIC) was incorporated under the laws of Prince Edward Island to protect the money you deposit in Credit Unions.

To be eligible for deposit insurance protection, your deposit must be payable in Canadian currency. Deposits must also be repayablenolaterthanfiveyearsafterthedateofdeposit.For complete information on what is covered by CUDIC please askforaprintbrochureavailableatourofficeorviewonlineatwww.peicreditunions.com/pdf/cudic_eng_brochure.pdf

InsuranceInsurance needs change over time and knowing the basics of insurancecanhelpkeepyourfinancialsafetynetoperatingatits best.

Loan and Line of Credit Insurance...credit life and disability insurance can protect you and your family from the unexpected.Mortgage Insurance...designed especially for mortgages. Insurance options include: life, disability, critical illness and loss of employment coverage.Travel Insurance...simple, convenient coverage that provides peace of mind protection and worry-free security while travelling.Credit Card Balance Insurance...balance protection for your credit card balance from loss of income.

Insurance Services


Credential Financial Strategies (CFS) representatives provide a broadrangeofadvisoryservicesandfinancialproductstomem-bers of Consolidated Credit Union. CFS representatives are dedi-catedtoprovidingcomprehensivefinancialservicesthatassistmembersinachievingtheirpersonalfinancialgoals.

Advisory services provided by CFS representatives include:Retirement PlanningEstate PlanningInvestment PlanningRisk Management

Financial products provided by CFS representatives include:Mutual Funds Segregated FundsLife InsuranceDisability InsuranceLong Term Care InsuranceCritical Illness Insurance

Rod MacInnis, CGA,CFP 305 Water Street Summerside, PE C1N 1C1 (902) 888-5530 www.peicreditunions.com/membercare/

Credential Financial Strategies Inc. is a member company under Credential Financial Inc., offeringfinancialplanning,lifeinsuranceandinvestmentstomembersofcreditunionsand their communities. ®Credential is a registered mark owned by Credential Financial Inc. and is used under license.

Credential Financial Strategies


Cheque Return Fee $ 2.00INTERAC ATM Transactions $ 1.50PLUS ATM Transactions $ 3.00Internal Transfer $ 2.00Interim Statement $ 2.00Bill Payments - Owner $ 1.00 - Non-Owner $ 2.00CertifiedCheques-Owner $8.00 - Non-Owner $12.00Money Orders $ 5.00Canadian Drafts $ 6.00US Drafts $ 6.00Foreign Draft $ 6.00Overdraft Per Cheque Fee $ 8.00NSF Cheque Fee $30.00NSF Chargeback Fee $15.00Cheques Held for Collection $15.00Stop Payment - Full Details $ 8.00 - Not Full Details $12.00Interest Letter $10.00BankConfirmation $25.00Canadian Wire Transfers $15.00US Wire Transfers $25.00International Wire Transfers $40.00Safety Deposit Boxes - Small $35.00 - Large $45.00Late loan payment after 5 days $25.00Personal Loan Administration Feeon Loans Under $10,000.00 $25.00Security Document Registration Fee - Varies - depending on the terms of the loan.Travellers Cheques - 1% of amount purchased

General Service Fees

Products and their features may change at any time. All service charges and fees are subject to change without notice.

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