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Services

Accounts

Daily Interest Chequing/Savings

• Interest is paid monthly on the daily closing balance at a tiered rate
• Personalized cheques are provided at cost
• See the service charge section for details
• No minimum monthly charge
• Monthly statements are provided
• All cheques returned

CUPAK Package Chequing / Premium Chequing

• Designed for members with a high number of transactions
• See the service charge section for details

Youth Savings/Chequing

• Designed for our youth members to the age 21
• A premium account with significant service charge savings
• See the service charge section for details

Golden Chequing/Savings

• Designed for our members over age 55
• A premium account with significant service charge savings
• See the service charge section for details

CU Bill Daily Interest

• Interest is calculated at zoned rates on the daily closing balance
• Interest is credited monthly for a higher return on larger balances

Beat The Bond Accounts

• Each October a special daily interest account is available that offers rates similar to Canada
Savings Bonds and the Canada Savings Bond Payroll program
• Deposits can be lump or by payroll deposit
• The lump sum accounts are flexible with withdrawals allowed in amounts of $100 or greater
with no penalty
• Interest is paid quarterly
• Deposits can be made to the lump sum account on the first of every month Available
all year.

US Savings

• Interest is paid monthly on the daily closing balace.

Term Deposits

• $500 minimum deposit for 30 days to five years
• Higher rate of interest than regular savings accounts

Account Services

Authorized Overdraft Protection

• Available upon application
• No monthly service fee
• Interest is charged on the balance overdrawn at the close of each day
• Minimum monthly charge of $2.00 if the overdraft is used during the month

Debit Card (Interac)

• For use at Interac and Cirrus ATMs and at all stores displaying the Interac sign
• See the service charge section for details

Payroll Deductions

• Repay loans and deposit to savings or RRSP accounts by payroll deduction
• Employees of London Health Sciences Centre, St. Joseph Health Centre, McCormick Home,
Thames Valley Children's Centre and Government of Canada are eligible

Direct Payroll Deposit

• Have pay deposited electronically to one or more of your credit union accounts
• Eligibility: employees of most larger employers

Government of Canada Cheques by Direct Deposit

Direct deposit of all government cheques: Child Tax Credit, Old Age Security, Canada Pension, GST, Superannuation, income tax refunds, etc.

Registered Plans

R.R.S.P. and R.R.I.F.

• Various options available for R.R.S.P.’s
• Open with as little as $25
• Deposits as little as $12.50 bi-weekly by payroll deduction or cash payment
• Various R.R.I.F. options available for retirement or when age 69 is reached

Loans

Personal Loans

We understand your needs, whether you need a car, vacation, home improvements or investments, we will lend you the money at competitive rates.

• Maximum loan $45,000 in excess of savings
• Security as required by the policies established by your Board of Directors
• Administration fee is charged on each loan application
• Cost of Creditor's Life and Creditor’s Disability Insurance included in the loan advance

Student Line of Credit

• Loans up to $5,000 a year to a maximum of $20,000
• Interest rate is Credit Union Prime plus 1%
• Interest payments only until after graduation

Mortgages

• CMHC insured mortgages to 95% of purchase price
• Conventional mortgages to 75% of purchase price
• Competitive rates
• Flexible terms
• We can arrange transfer of maturing mortgages from other financial institutions
• Payments can be deducted directly from your credit union account

Other Services

Credit Union Mastercard

• Features include Credit Card registry, trip cancellation insurance, extended warranty,
purchase protection, travel rebates and more
• A whole range of MasterCard products is available
• Go to www.cuets.com and click on “Products and Services” for full details
• Cash advances available at our main office
• Check the balance on your MasterCard account at www.cucardsonline.com

Money Orders

• Canadian and U.S. dollar money orders
• Maximum of $5,000

Travellers' Cheques

• American Express, Canadian, U.S. or Sterling currencies
• No service charge for members, except "Cheques for Two" and Gift Cheques.
• Other currencies available by special order

Travel Insurance

• CUIS Travel Insurance for out of province emergency hospital and medical protection
• Underwritten by the Co-Operators General Insurance Company
• World wide assistance, 24 hours a day for medical emergencies
• Visitors to Canada coverage also available

MemberMOVE

• The most innovative real estate referral service available
• Developed by Envoy Relocation Services Inc.
• Whether you are moving across town or across the country, MemberMOVE can save you
money and provide many value-added services.
• Call 1-866-861-4556 for a refund quote.

Bill Payments

• Over 200 types of bills accepted for payment
• Fee is $1.00 for each bill
• No charge for Credit Union MasterCard payments in cash or from your account

London Transit Bus Tickets

• Sold at the Credit Union Office

Service Charges:

Click here to view pdf file of Service Charges