Investments

We believe it matters where your money is invested, but we don’t take for granted that it should come to CDCU just because we are your locally owned and controlled credit union. We know that we have to earn the right to be your financial institution of choice, and we have to work hard to keep your business. That is why we offer a wide range of investment products such as term deposits, mutual funds, retirement plans and brokerage services. And that is why the staff of CDCU are trained to go the extra mile when it comes to service satisfaction.

Term Deposits | Mutual Funds | Retirement Funds | Financial Planning | Brokerage Services

Term Deposits

A term deposit is a sum of money deposited for a fixed period of time, earning a fixed rate of interest over that period. Generally term deposits pay a higher rate of interest than savings accounts and, the longer the term, the higher the rate. Features and benefits of our term deposits include:

• Short term deposits available from 30 to 364 days
• Longer term deposits available from one to five years.
• Interest rates are guaranteed for the length of the term
• Available as redeemable and non-redeemable deposits - in the case of the former, funds may be withdrawn before maturity but at a lower rate of interest
• Minimum deposit requirements vary according to the type and term.
• Interest may be paid monthly, quarterly, annually or on maturity of the deposit.
• Term deposits can be used as security for a low interest rate loan.

Term deposits provide considerable flexibility when it comes to investment options. They can be an ideal place to "park" funds until you have decided what to do with them, or can be used as an "assured income" section in your portfolio. Many people purchase term deposits on a "staggered" or "laddered" basis in order to balance out their portfolio and remove some of the interest rate risk.

Mutual Funds

A Mutual Fund is a portfolio of securities managed by an investment company and owned "mutually" by a large number of investors. The money invested by these individuals is used collectively to purchase securities for the fund's portfolio. Each investor owns a proportionate interest in the fund depending on the amount invested. We offer a family of ethical funds and a variety of funds designed to meet the individual preferences of investors.

Mutual funds provide investors with a wide array of options, but are a very specialized field and purchasers should be aware of all the consequences before making a decision. For example, Mutual funds are not covered by any form of deposit insurance, and are subject to fluctuations in market value. Units are sold by prospectus only by our licensed Mutual Fund representatives.

For more information contact our licensed Mutual Funds representatives at Growth Financial located in the Creston Valley Mall.

Retirement Funds

Under present federal government legislation, Canadians may contribute to retirement plans while deducting the amount of the contribution from their taxable income. In addition, income earned within the plan is sheltered from tax. Creston & District Credit Union provides both Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) with some of the following features:

• Investment options include savings accounts, term deposits and mutual funds
• Instant withdrawals and instant tax receipts
• Funds can be rolled from a RRSP or into a RRIF at a specified age in order to provide the retiree with regular income.

It is never too early to start planning for your future and regular, systematic contributions to your retirement plans can help to ensure a healthy, happy retirement.

Financial Planning

Growth Financial offers professional financial / retirement planning through licensed representatives. Services include:

• Registered Education Savings Plans (RESPs)
• Self Directed RRSPs
• Annuities
• Financial Planning Analysis
• Mutual funds
• Estate planning
• Life insurance and disability income insurance
• Investment management strategies & counseling

In this era of complex tax laws and ever changing regulations, it is difficult to plan for the future without drawing on some "outside" expertise. What ever your financial goal, proper planning can insure you arrive there faster.

Brokerage Services

By teaming up with QTrade Investor, your credit union has provided an opportunity for you to manage your investments on line at any hour of the day and night. Consider the following advantages:

• Numerous account choices including cash, margin, investment, registered plans
• Investment choices including stocks trading on various exchanges, mutual funds, bonds and debentures, options and many others
• Access choices via the internet or telephone
• Investment tools such as real-time quotes, charting, company information and more.

Through QTrade Investor, you can place trades at a much lower cost than through a traditional broker, while enjoying the top quality service you expect - and all trades can be done at your convenience by transferring funds between your trading and credit union accounts.

Creston & District Credit Union
P.O. Box 215
140 - 11th Avenue North
Creston, BC V0B 1G0
Phone: 250.428.5351