But the savings don’t just apply to home buyers. For those members looking to make improvements to their existing home there is ample opportunity to improve the home you’re in with a low rate equity line of credit.

With our Merit Line™ Home Equity Line of Credit you can put the hard earned equity you’ve built up in your home back to work for you. Use it to renovate your kitchen or bathroom and improve your home’s resale value, or consider a down payment on a vacation property or income property. The possibilities are endless.

Whatever your needs, our home buying experts have the knowledge and resources to help you create the best mortgage solution for you for a lot less than you might expect. Whether you’re a first-time buyer, looking for your next home, wanting to improve the home you’re in, or needing to renew your mortgage, it pays to talk to us first.

Come in or call 1.800.561.2557 to find out more about REWARD PRICING today.

*OAC. Rate subject to change and guaranteed for up to 60 days.Applies to new mortgages, mortgage renewals, and transfers-in from another financial institution. Conditions apply to Reward Pricing.

While mortgage interest rates continue to remain at historic lows, members in the market for a new home are in a very favorable position to reap the rewards of these attractive low rates.

Right now, PCU REWARDS members can take advantage of an incredible 2.59%* interest rate on a 5-year fixed term mortgage with a payment plan designed to suit your life. We can even match your payments to your pay schedule to give you greater peace of mind.

Plus, with a fixed rate mortgage you’re guaranteed the same interest rate for the length of your term so there’s no guesswork involved.

With a REWARDS mortgage you also benefit from:

• SUPER LOW rate for REWARDS members

• Payments to suit your budget – monthly, biweekly, or matched to your pay schedule

• BIG savings on interest payments

• SMALLER payments

• PAY OFF your mortgage faster with annual lump sum payments, or increase your payment up to double the original amount

Summer 2016

Make the Grade 2

Become a Director2

What’s Your Risk?3

Staff Notes4

Our Year in Review3

PASS IT ON HOT TIPS & MORE FROM YOUR CREDIT UNION >>>

TAKING CARE OF OUR OWN

Credit Union Day4

Rates just as competitive as the banks...shop and you’ll see!

MAY – Victoria DayMonday, May 23 ALL BRANCHES CLOSED

JULY – Canada DayFriday, July 1 ALL BRANCHES CLOSED

REWARD PRICING ON MORTGAGES

Important Notice NEW DURHAM BRANCH HOURSMonday, Tuesday and Wednesday – 9:00 a.m. to 5:00 p.m.Thursday – 11:00 a.m. to 7:00 p.m.Friday – 9:00 a.m. to 5:00 p.m.

NEW CALL CENTRE HOURSMonday to Friday – 9:00 to 5:00 p.m.Saturday – 9:00 to 5:00 p.m.

JULYCanada Day – Friday, July 1ALL BRANCHES CLOSED

AUGUSTCivic Holiday – Monday, August 1ALL BRANCHES CLOSED

SEPTEMBERLabour Day – Monday, September 5ALL BRANCHES CLOSED

OCTOBERThanksgiving Day – Monday, October 10ALL BRANCHES CLOSED

HOLIDAY H

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Every time you purchase something with your Credit Union MasterCard®, you will be directly contributing to the Ontario Police Memorial Foundation (OPMF). No other financial institution supports you, your organization and your family like we do! We even donate a percentage of our yearly revenue sharing profits to the OPMF.

Not a member? Not a problem! Apply for a Credit Union MasterCard without holding an account and, if approved, you will still be contributing to the OPMF with every purchase. Call us today to find out more!

The more YOU spend The more WE send!

2.59%*5-year

fixed term

Make the Grade WITH A STUDENT LINE OF CREDITThe cost of higher education doesn’t come cheap, but we know as well as you do, that it’s a worthy investment in your future. That’s why the Credit Union wants to help make the cost of higher education a bit easier to manage with our preferred rate student line of credit.

If you’re 18 years or older and currently enrolled or have been accepted into a full-time diploma or degree program at a recognized Canadian postsecondary institution, the Credit Union is the perfect place to prep for your back-to-school success.

Borrow from $5,000 up to a maximum of $40,000 depending on the length of your program and use it to pay for tuition, books, supplies, transportation, food and more. Once approved, you’ll have quick and easy access to your funds through ATM, Interac® e-Transfer or cheques.

Plus, with the convenience of interest-only payments up to a full year after graduation, managing your repayments is one less stress you’ll have to worry about. When you’re ready, we’ll help set you up with a manageable monthly repayment plan that works for you.

Director Ian Russell Celebrates 25 Years with the Board

In 1965 Ian Russell was sworn in as a police officer in the city of Toronto. During his 36-year career he served in both Toronto as a senior officer and as Chief of Police in LaSalle, Ontario. About two years into his career Ian joined the Police Credit Union, where he and his wife Penny have been members ever since.

It wasn’t long after he joined the Credit Union that his appreciation for cooperative banking grew. “I started acting as a unit representative with the divisions,” Ian explains. “I was later approached and appointed to the education committee. After which time I decided to run for a position on the Board of Directors with the PCU.” A nomination Ian won and has held for the past 25 years.

“Being on the board has been the most rewarding experience,” Ian shares. “It’s given me the opportunity to meet such a diverse group of people and surround myself with dynamic individuals. The cooperative movement is about community and everyone working together towards a common goal.”

“Being on the board also opened doors for me,” Ian says. “While on the PCU board, I also joined Credit Union Central of Ontario’s board. I was appointed as a director to the Co-Operative Trust Company of Canada, Concentra Financial, Ontario Credit Union Charitable Foundation and the Co-Operators Group.”

“I’m a strong believer in the TEAM philosophy,” Ian explains. “Together Everyone Achieves More. It was even my campaign slogan when I ran for the board in 1997. It’s a simple message but it really is what it all comes down to.” “Being a part of the board is a great way to help others and be a part of team,” Ian shares. “It exposes you to wonderful people, wonderful opportunities and is a great learning experience. You are investing your time and energy into a cause that is important and will have a positive impact on people’s lives and their financial health and stability.”

“I couldn’t have been as involved as I was for as long as I have without the unconditional support of my wife, Penny,” says Ian. “She deserves a medal for encouraging me to be as active as I have been with the Credit Union for all of these years.”

As members of the Police Credit Union for almost 50 years, Ian and Penny know the true value of the credit union movement and the cooperative community. “In my 25 years as an active director with the board,” Ian explains, “I’ve never lost sight of the history of our Credit Union and all that we have achieved.”

Curious about what it takes to become a director? As a member of the Police Credit Union, you have a voice and a say in how your credit union is run. You also have the opportunity to make that voice even stronger by expanding your participation in the democratic process as a member of the Board of Directors.

If you are a champion of the Credit Union cause, an all around community-minded individual and believe in “taking care of our own”, then you may be the perfect candidate for a seat on our Board.

Annually, the members who attend the Annual General Meeting elect the Board of Directors who will then be in charge of the affairs of the Credit Union during the year. Directors are elected for three-year staggered terms, so that at all times a majority of the Board have had one or more years of experience.

If you are interested in becoming a Director for the Police Credit Union’s Board, go to tpcu.on.ca and click on “About Us/Who We Are/Board of Directors” to download our complete Director’s Guide and application package.You may be just the person we are looking for!

SET YOURSELF UP FOR BACK-TO-SCHOOL SUCCESS WITH THESE TIPS:4 Apply for your preferred rate Student Line of Credit* to help finance your education costs

4 Open a Student Plus Chequing/Saving Account and receive a $25 signing bonus

4 Arrange to have your summer or part-time job earnings deposited directly into the chequing portion of your account and benefit from no monthly fee and loads of free transactions every month

4 Take advantage of the free “round it up” savings option when you use your MEMBER CARD® for debit and point-of-sale transactions and have those funds deposited directly into your Savings

4 Set aside a portion of your monthly earnings in the Savings side of your account and earn a higher interest rate with REWARDS pricing

4 Apply for a no-fee student MasterCard* to help cover the cost of books, supplies and more, plus help build yourself a positive credit rating score

*Available on approved credit (OAC)

board of directors

Outstanding Sales Achievement Katarina Rakic

Financial Services Officer – Peel Branch

Outstanding Sales DevelopmentTeresa Horvat

Teller – York Branch

Best Support StaffJudy Riley

Call Centre Representative

Best AttendanceSue Van Winckle

Financial Services Officer – York Branch

• Total mortgages held by members increased by $9.22 million (4.5%)

• Personal loans increased by 4.1%; total loan growth was $9.05 million

• Deposit balances increased by $10.1 million • Tax-Free Savings Accounts closed the year at

$17.0 million, up 25.9% • Assets under management rose to $15.12 million• Total assets increased by $10.74 million to

$58.87 million • Member deposits earned $2.88 million in 2015

FIN

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Chair Stan Colley

Vice Chair Rod Fraser (re-elected)

Secretary Bob Spafford

Director Gary Leitch

Our Annual General Meeting was held on April 18, 2016 in Toronto. CEO Andy Doak spoke about our continued success in 2015.

He spoke about the Peel Branch staff and how they have been developing and nurturing relationships with other police services and organizations in the west end over the past few years. He publicly recognized Donna Aleksovski and Bess Kominos-Estrela who have been instrumental in all their hard work and efforts in fostering these relationships. He added that as a result of these efforts both the Halton Regional Police Association and the Police Association of Ontario have joined the Police Credit Union family.

Mr. Doak acknowledged retiring board member Gary Rossitter for all his input and insight, both on a personal and professional level, and for his dedication to the credit union over that last 25 years. He wished him and his family success moving forward into retirement.

Mr. Doak also addressed some of the future changes for the Durham Branch. He said that the credit union was looking for a more efficient location to facilitate the needs of our east end members. A review of operations, location, and space utilization concluded that a smaller branch would be more suitable for the business it receives. The sale of the current branch land will result in a significant gain to the reserves and will improve the Credit Union’s capital position.

The Police Credit Union reached another milestone during 2015 as assets exceeded $258 million at year-end, an increase of 4.3% over the previous year.

Here is a just a quick glance over past year:• Members continued to take advantage of the historically low interest rates

on mortgages to either buy a home or make improvements. As a result, total mortgages held by members increased by $9.22 million in 2015.

• Member deposits increased by $10.1 million with Tax-Free Savings Accounts a primary focus of their investments.

• “Rewards membership” continued to be strong on our agenda as we continued to offer members the best prices up front on both loans and deposits in addition to offering the lowest service fees possible

• Developed and enhanced our relationships with existing members, our core Police Services and their Associations

• Developed relationships and provided financial assistance to Ontario Police recruits to attend Ontario Police College

• Enhanced technology to improve the ways our members conduct their day-to-day banking, including online and mobile banking enhancements

To view our 2015 Annual Report go to tpcu.on.ca and click on “about us.” Our report can be found under “Media Centre > Corporate Reports” or you can request a copy from your branch.

Our Year in Review

Director Ian Russell

Director George Tucker

Director Geri James (newly elected)

STAFF AWARD

S

Staff NotesCREDIT UNION DAYThursday, October 20th

Corporate Office105 Gordon Baker RoadSuite 222Toronto, Ontario M2H 3P8

General Inquiries 416.226.3353toll-free 1.800.561.2557Phone Banking toll-free 1.888.434.3511

Toronto105 Gordon Baker RoadSuite 103Toronto, ON M2H 3P8 Toronto - CollegeToronto Police Headquarters40 College St. Room 101Toronto, ON M5G 2J3

Durham962 Kingston Rd.Pickering, ON L1V 1B3

York18025 Yonge St.Unit 7Newmarket, ON L3Y 8C9

Peel85 Aventura Crt. Unit CMississauga, ON L5T 2Y6

www.tpcu.on.ca

Explore Your Risk ToleranceEverybody talks about risk and “risk tolerance.” But how can they be quantified? And how can we determine your individual tolerance for risk?

What it isTo put it simply, risk tolerance is the amount of risk you’re willing to accept when investing. For many investors, risk and risk tolerance are focused on the possibility of losing money.

How it worksPeriodically, we’ll review a series of questions with you to help you explore your individual risk tolerance. A key factor in dealing with risk is time horizon. Long-term investing tends to be less risky because, over time, the general direction of most asset classes is up.

At times, it’s simply prudent to re-evaluate risk tolerance to reach our financial goals. For example, focusing too much on the potential for loss can introduce other investment risks, such as inflation risk, or leave you sitting on the sidelines at times of superior market performance.

With long-term objectives in place, the short-term ups and downs of financial markets don’t matter as much. They’re often described as “speed bumps” on the road to long-term investment success. Keeping that in mind can help ease your risk concerns.

Why it mattersYour risk tolerance affects how receptive you are to decisions involving risk. That’s important to your investment life, because as potential returns rise, so does risk. We can help you explore your personal risk tolerance through a series of questions designed to help determine the risks you’re comfortable with. We can also cultivate a feel for your tolerance as we develop your investment strategy and portfolio.

We’ll pay close attention to how you react to different types of investments and to events such as financial market volatility. Talk to us today.

Mutual funds are offered through Credential Asset Management Inc. The information contained in this newsletter is provided as a general source of information and should not be considered personal tax advice, investment advice or solicitation to buy or sell any mutual funds. ®Credential is a registered mark owned by Credential Financial Inc. and is used under license.

HEAD OFFICE GRAND OPENINGMembers continue to enjoy our new Toronto branch and corporate office at 105 Gordon Baker Road. We held our official grand opening on Tuesday, March 29, 2016 with members of the board, staff and our members.

NEW STAFF MEMBERSWe are pleased to welcome the following individuals to the Police Credit Union family:

Barb Amaral, Financial Services Officer – York Branch

Jeanette Wood, Member Service Representative – York Branch

Connie Mayhew, ATM Clerk – Corporate Administration

NEW PARTNERSHIPSThe Police Association of Ontario (PAO) and the Halton Regional Police Association (HRPA) joined the Police Credit Union in 2015 thanks to the hard work and successful efforts of our Peel staff.

RETIREMENTSThe Board, staff and management of the Police Credit Union would like to thank retiring board member Gary Rossitter for all his input and insight, both on a personal

and professional level and for his dedication to the credit union over that last 25 years. We wish him and his family success moving forward into retirement.

COMMUNITY EVENTSAs the warmer weather rolls in be sure to look for the Police Credit Union this summer at various police events around your community including picnics, golf tournaments, and more!

Join the Police Credit Union on Thursday, October 20th in celebrating International Credit Union Day, an event that has been recognized on the third Thursday of October since its inception in 1948.

This worldwide event is designed to help raise awareness for the incredible work credit unions are doing for their members and their communities around the globe. By way of fund raisers, open houses, contests, picnics and parades, credit unions are showing their appreciation and encouragement for the growth of the cooperative banking movement.

Drop in to your local branch on October 20th and discover what fun and exciting credit union day festivities we have going on. Be sure to share your experiences on social media using the hash tag #icuday

From the desk of Horst Scheibelt...

What does risk mean to you?