Credit unions offer a wide range of chequing accounts:

♦ basic chequing
♦ chequing/savings
♦ tiered daily interest chequing
♦ personal $US dollar chequing and savings
♦ optional overdraft protection

Earn interest on the daily closing balance payable monthly.

special feature: no per cheque or monthly processing fees!
Convenience of chequing account combined with interest earning saving account. Interest calculated and compounded daily, credited to your account monthly.

Earn competitive interest rate on your deposit over wide variety of terms to suit your need.

Installment Saving allows you to collect a lump sum contract amount at the end of the term by making fixed monthly payments during the term.

Installment Saving is affordable since you select the amount of your monthly payment and the term. Dividend and annual percentage rate applicable to your Installment savings depend on the term that you select.

Once your Installment Saving is opened, the interest rate is fixed throught the term. Any withdrawal prior to the maturity of the term will be subject to a penalty.

A Registered Retirement Savings Plan is a government-approved plan allowing you to save money for your retirement. Your contributions, within limits, are tax deductible, and the income earned is sheltered from tax. You can have any number of plans.

A Registered Education Savings Plan (RESP) is an ideal way for Canadians to meet the rising cost of post-secondary education. In addition to building a fund for a child's education, an RESP provides significant tax benefits to the contributor.

An RESP allows contributions to grow by compounding in a tax-sheltered environment until withdrawn for the child's post-secondary expenses. In addition, withdrawals are spread out over a number of years. And, the lower income beneficiary pays little, if any, income tax at a lower marginal tax rate.

RESPs are not new to credit unions -- we were among the first financial institutions to offer these investment products. RESPs gained increased recognition in February 1998 when the Federal Government announced the Canada Education Savings Grant, an RESP enhancement-added incentive to save for your child's education.

The CESG program allows eligible RESP beneficiaries to receive grant monies based on the annual contributions paid into the plan. The government will contribute 20 percent annually on the first $2,000 deposited into an RESP for children to the end of the year a child turns 17. Some restrictions apply for RESP beneficiaries aged 16 and 17.