DEPOSIT PRODUCTS

CREDIT UNION DEPOSIT GUARANTEE CORPORATION (CUDGC)
Guarantees the full amount of funds on deposit with Saskatchewan Credit Unions.

PLAN 24

• Interest calculated on minimum daily balance and paid monthly
• Monthly statement provided
• May be accessed by using MEMBER CARD Debit Card®, and GLOBAL PAYMENT™ MasterCard® via the Acculink®, Interac® and Cirrus® automated teller networks as well as through the automated funds transfers (AFT) system
• No chequing privileges
• Interest is eligible for Patronage Rebate (if declared)

SPECIAL SAVINGS

• Interest calculated on the minimum monthly balance and paid semi-annually on June 30 and Dec. 31
• No chequing privileges
• Interest is eligible for Patronage Rebate (if declared)
• May be accessed by using MEMBER CARD Debit Card®, and GLOBAL PAYMENT™ MasterCard® via the Acculink®, Interac® and Cirrus® automated teller networks as well as through the automated funds transfers (AFT) system

NISA

• Agriculture income stabilization account based on qualifying farm income
• Tiered interest rate
• No chequing privileges

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INVESTMENT SERVICES

TERM DEPOSITS

• Short Term Deposits (1 – 364 day) Minimum deposit $3,000
• Long Term Deposits (1 – 5 Year) Minimum deposit $500
• Interest is calculated on a daily basis and paid on the anniversary date for long term and maturity date for short term. Interest can be compounded
• All Term deposits are redeemable prior to maturity with penalty
• No chequing privileges
• Interest is eligible for Patronage Rebate (if declared)

REGISTERED RETIREMENT SAVINGS PLAN (RRSP)

• RRSP is a Canadian federal government approved plan in which members can save money for retirement
• Contributions are tax deductible and interest earned is tax sheltered
• Can be purchased for a fixed rate for a term of 1 – 5 Years or left to float at a variable rate
• A withholding tax is submitted to Revenue Canada if funds are withdrawn prior to retirement
• Funds withdrawn are considered to be taxable income in that year
• Funds in an RRSP must be moved into a retirement income option by the end of the year in which you reach age 69
• Co-operative Trust Company of Canada is the plan trustee

REGISTERED RETIREMENT INCOME FUNDS (RRIF)

• RRIF is a federal government approved plan in which members can finance their retirement years
• May be purchased using proceeds from an RRSP
• May be purchased at a fixed rate for a term of 1 – 5 years or left to float at a variable rate
• A minimum payment from a RRIF account is required at least annually. Payments can be established to meet your personal needs

MARKETFLEX INDEX-LINKED TERM DEPOSIT

• 3 year deposit where your principal is secure and your rate of return is determined on the performance of the S&P / TSX 60 Index
• Eligible for sheltering in an RRSP

GLOBAL MARKET INDEX-LINKED TERM DEPOSIT

• 5 year deposit where principal is secure and your rate of return is determined on the performance of the Dow Jones Euro STOXX 50; and the Nikkei 225; and S&P 500 Index’s
• Eligible for sheltering in an RRSP

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YOUTH ACCOUNTS

YOUTH ACCOUNT

• Available to youth from ages 0 – 13
• No service charges
• Cash withdrawals only
• Interest calculated on minimum daily balance and paid monthly
• Monthly statement provided

STUDENT ACCOUNT

• Available to students age 13 – 18
• No service charges
• Interest is calculated on minimum daily balance and paid monthly
• Monthly statement provided
• May be accessed by using MEMBER CARD Debit Card® via the Acculink®, Interac® and Cirrus® automated teller networks as well as through the automated funds transfers (AFT) system
• First order of personalized cheques are free

GRADUATE

• Available to members age 18 – 25 that are enrolled in a post secondary program
• Chequing privileges at half the cost of regular service charge package
• Interest calculated on minimum daily balance and paid monthly
• Monthly statement provided
• May be accessed by using MEMBER CARD Debit Card® via the Acculink®, Interac® and Cirrus® automated teller networks as well as through the automated funds transfers (AFT) system
• No service charge for use of MEMBER CARD Debit Card®, in the Saskatchewan Credit Union AccuLink automated teller network or Interac Direct Payment (POS) merchant purchases
• Overdraft protection is available on approved credit.
• Educational loan program is available. See Loans section for more information.
• First order of personalized cheques are free

REGISTERED EDUCATION SAVINGS PLAN (RESP)

• RESP is an education investment plan that allows you to accumulate savings to pay for the post-secondary education expenses of a child or grandchild
• The federal government matches 20% of the first $2,000 contributed annually

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CHEQUING ACCOUNTS

• Available for personal, business, senior and organizations
• No interest paid
• Monthly statement provided with cancelled cheques
• Service charges apply as per our Service Charge Schedule available at our branch
• May be accessed by using cheques, MEMBER CARD Debit Card®, and GLOBAL PAYMENT™ MasterCard® via the Acculink®, Interac® and Cirrus® automated teller networks as well as through the automated funds transfers (AFT) system
• Overdraft protection is available on approved credit.

MAXIMIZER INTEREST BEARING CHEQUING

• Tiered interest bearing chequing account
• Interest calculated on the minimum daily balance and paid monthly
• Monthly statement provided with cancelled cheques
• Service charges apply as per the Schedule available at your Branch
• May be accessed by using cheques; MEMBER CARD Debit Card®, and GLOBAL PAYMENT™ MasterCard® via the Acculink®, Interac® and Cirrus® networks as well as through the automated funds transfers (AFT) system
• Interest is eligible for Patronage Rebate (if declared)

MUTUAL FUNDS

Available upon referral

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CARDS

MEMBER CARD® Debit Card®
	Provides access to your deposit accounts through the Acculink®, Interac® and Cirrus® automated teller networks as well as through the automated funds transfers (AFT) system Purchase goods and services through Interac® Direct Payment merchants with cash back service at the merchant’s discretion Extended manufacturer’s warranty up to one year on most items purchased with the card Purchase protection insurance Secured by the use of a Personal Identification Number (PIN) No annual fee
GLOBAL PAYMENT™ MasterCard®
	Provides access to your deposit accounts through the Acculink®, Interac® and Cirrus® automated teller networks as well as through the automated funds transfers (AFT) system Purchase goods and services through MasterCard® merchants worldwide Common Carrier accident insurance Extended manufacturer’s warranty up to one year on most items purchased with the card Accidental death insurance Master RoadAssist™ roadside assistance Emergency card replacement service

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LOANS AND MORTGAGES

PERSONAL LOANS

• Loans for consumer based purchases (vehicles, household goods, holidays and debt consolidations)
• Available as a term loan, quick loan or line of credit
• Terms from 1 to 7 years
• Variable interest rates based on Prime Rate
• No prepayment penalty
• Aggregate qualifying life insurance of $15,000 paid by the credit union. Additional insurance available

RESIDENTIAL MORTGAGE

• Loans for the purchase, construction or renovation of your personal residence
• Conventional mortgage or CMHC Insured mortgages available
• Financing from 75% for conventional and 95% for CMHC mortgages on assessed value
• Fixed rates from 1 to 5 years or variable floating rate
• Amortization up to 25 years
• Property taxes can be included in the repayment terms
• No prepayment penalty
• Aggregate qualifying life insurance of $15,000 paid by the credit union. Additional insurance available

FARM MORTGAGES

• Loans for the purchase of farm land or construction of buildings on farm land
• Conventional mortgage financing up to 75% of the assessed value
• Fixed rates from 1 to 5 years or variable floating rate
• Amortization up to 25 years
• No prepayment penalty
• Aggregate qualifying life insurance of $15,000 paid by the credit union. Additional insurance available

FAMILY FARM TRANSFER MORTGAGES

• Loans to assist in the inter-generation transfer of the family farm
• Conventional mortgage financing up to 90 % of the transfer value
• The vendor will receive the funds over a 5 year period
• The purchaser builds equity with a minimal down payment
• Fixed rates from 1 to 5 years or variable floating rate
• Amortization up to 25 years
• No prepayment penalty
• Aggregate qualifying life insurance of $15,000 paid by the credit union. Additional insurance available

FARM LOANS

• Loans for the purchase of farm equipment or operating funds
• Available as a term loan or line of credit
• Terms dependant on the purpose and amount of the loan
• Repayment dependant of the term and cashflow projections
• No prepayment penalty
• Aggregate qualifying life insurance of $15,000 paid by the credit union. Additional insurance available

COMMERCIAL MORTGAGES

• Loans for the purchase of business property, construction or renovation of commercial buildings
• Conventional mortgage financing up to 75% of the assessed value
• Fixed rates from 1 to 5 years or variable floating rate
• Property taxes can be included in the repayment terms
• Amortization up to 20 years
• No prepayment penalty
• Aggregate qualifying life insurance of $15,000 paid by the credit union. Additional insurance available

COMMERCIAL LOANS

• Loans for the purchase of business equipment, inventory or operating funds
• Available as a term loan or line of credit
• Terms dependant on the purpose and amount of the loan
• Repayment dependant on terms and cashflow projections
• No prepayment penalty
• Aggregate qualifying life insurance of $15,000 paid by the credit union. Additional insurance available

EDUCATION LOANS

• Provide loans to full-time students attending an accredited post-secondary education institution
• Maximum advance of $5,000 per year and $20,000 aggregate
• Interest paid monthly
• Principal repayment to begin within 6 months of withdrawal as a full-time student
• Aggregate qualifying life insurance of $15,000 paid by the credit union. Additional insurance available

RRSP LOANS

• Provide loans to purchase RRSP
• Maximum loan of $20,000
• Terms up to 10 years
• Variable interest rate
• No prepayment penalty
• Aggregate qualifying life insurance of $15,000 paid by the credit union. Additional insurance available

NISA LOANS

• Provide loans to purchase a NISA deposit
• Maximum advance of $5,000 per year and aggregate of $15,000
• Terms up to 5 years with minimum repayment at least semi-annually
• Variable interest rate
• No prepayment penalty
• Aggregate qualifying life insurance of $15,000 paid by the credit union. Additional insurance available

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OTHER SERVICES

MEMBER DIRECT (Internet home banking)

• Safe and secure access to account information available 24 hours a day, seven days a week
• Obtain account statements
• Pay bills to over 1,000 companies nationwide
• Transfer funds between accounts
• Make loan payments
• Contact your branch to obtain a Personal Access Code

INSURANCE

• Agent for CUIS life and disability insurance

TRAVELLERS CHEQUES

• American Express travellers cheques, in both Canadian and U.S. currencies are available at your branch. Other currencies may be ordered.

WIRES

• Wire transfer of cash to other financial institutions world wide
• Available at both branches

BILL PAYMENTS

• Electronic debit from your deposit account to over 1,000 companies nationwide through MemberDirect internet home banking
• Manual payments available at both branches

SAFETY DEPOSIT BOX

• Safety deposit boxes available for rent at Stoughton office only
• Annual fee, taken automatically out of desired account

NIGHT DEPOSIT

• A secure way to deposit cheques or cash after regular business hours
• Available at Stoughton office only

AccuLink Inter Credit Union Services

• Deposits, withdrawals and funds transfers to any credit union in Canada
• Available at Stoughton office only

MONEY ORDERS AND DRAFTS

• Available in both Canadian and US Currencies at your branch. Other currencies can be ordered.

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