July 2009 Information and news for our customer-owners Volume 3 No 3 CAPITAL NEWS CAPITAL NEWS CAPITAL 1949 - 2009 R 6 A 0 YE S G I O N T FS A E R R B E V L I E C C E Paige Parker – Plans to attend St. Thomas $1000.00 Ralph V. Burtt Bursary Graduate of Stanley High School Jodie O'Neill – Plans to attend UNB $500.00 Capital Credit Union Bursary Graduate of Leo Hayes High School Ashley Fullarton – Attending UNB $ 500.00 Capital Credit Union Bursary Graduate of Stanley High School Brett Hughes – Attending Eastern Trades College $ 1000.00 E. Carl Jamieson Bursary Graduate of Leo Hayes High School 1 They work with you to choose the products and services that match your needs – from chequing to savings, vehicle loans, mortgages and lines of credit – they have everything. ONLINE APPLICATIONS available at www.capitalcu.nb.ca
Transcript
July 2009 Information and news for our customer-owners Volume 3 No 3
4
Capital Credit Union Incorporated 1949 Owned and operated by over 5200
customer-owners in New Brunswick
and directed by a 12 member volunteer Board
of Directors.
Chief Executive OfficerOwen Taylor
The NEWS is prepared by the Capital Credit Union
Limited to keep its customer-owners informed
of recent events and happenings.
The Capital Credit Union is a co-operative organization dedicated to providing full
financial services and maximum benefits to
members. It is an integral part of a national and
international co-operative financial system to provide a means of improving the social and economic well-
being of members and people everywhere.
MISSIONSTATEMENT
® Credit Union is registered user of TeleService, Telpay, Member
Direct trade marks owned by Vancouver City
Savings Credit Union.® MasterCard is a registered trade
mark owned by MasterCard International. Credit Union licensed
user of the Mark.® INTERAC is a registered trade mark owned by Interac INC, Credit Union authorized user of the mark.® Registered trade mark. Credit
Union authorized user of the mark.
HOLIDAY CLOSINGS
Our Professional Staff are waiting for your call
August 3, 2009 – New Brunswick DaySeptember 7, 2009 – Labour Day
July 1, 2009 – Canada Day
CAPITAL NEWS
qDrive Thru and Walk-In ATM'sqChoice Rewards ProgramqCommercial Chequing AccountsqCommercial Lending ProgramsqConsumer Lending ServicesqCredit Cards, Student, Regular, Gold, PlatinumqEstate Planning ServicesqFront Line Teller ServicesqGlobal MasterCard Payment CardqHome Equity Lines of Credit qLife and Disability InsuranceqMemberCard ( Debit Card)qMemberDirect (On Line Banking)qMoney Orders & DraftsqMortgages, Conventional, Collateral,
HighRatio
qMortgage Insurance ServicesqNight Depository ServicesqCommercial Mortgage ProgramqPersonal Chequing AccountsqRegistered Retirement Savings Plan (RRSP)qRegistered Retirement Income Fund (RRIF)qRegistered Education Savings Fund (RESP)qRetirement and Financial PlanningqShare Accounts, Regular and VoluntaryqSafety Deposit BoxesqSavings Accounts, Member Life, OtherqTeleService (Telephone Banking)qTelPay (Telephone, Internet, Over CounterqTerm Deposit CertificatesqTraveller Cheques, Can, U.S, OtherqTax Free Savings Accounts (TFSA)
CAPITAL NEWS®
CAPITAL CREDIT UNION LIMITED30 Hughes Street, Fredericton, New Brunswick, E3A 2W3
Paige Parker – Plans to attend St. Thomas $1000.00 Ralph V. Burtt Bursary Graduate of Stanley High School
Jodie O'Neill – Plans to attend UNB $500.00 Capital Credit Union Bursary Graduate of Leo Hayes High School
Ashley Fullarton – Attending UNB $ 500.00 Capital Credit Union BursaryGraduate of Stanley High School
Brett Hughes – Attending Eastern Trades College $ 1000.00 E. Carl Jamieson Bursary Graduate of Leo Hayes High School
SERVICES AVAILABLE AT CAPITAL CREDIT UNION
1
They work with you to choose the products and services that match your needs – from chequing to savings, vehicle loans, mortgages and lines of credit – they have everything.
ONLINE APPLICATIONS available at www.capitalcu.nb.ca
David G. Preston
BOARD OF DIRECTORS MESSAGE
The months of July, August and September represent the final quarter of our financial year. In spite of the dampening effects of the recession, your Credit Union continues to record healthy growth and profitability. Owners are demonstrating confidence by placing more deposits, loans and mortgages with their Credit Union.
The Annual AGM of the Credit Union System of New Brunswick (CUCNB) was held in Fredericton on April 18th, 2009. It was a productive AGM. The high-lite was approval of a special resolution of delegates by a margin of 68% to 32% enabling CUCNB to amalgamate with Centrals in NS and PEI to form one Atlantic Central. The time frame to achieve this is June 2010. The new entity will provide economies of scale and access to new services. A Central provides trade services, however, regulation of NB Credit Unions will continue to be retained by the Province of New Brunswick under the Credit Union Act and Regulations.
As always, your elected Board of Directors is receptive to change which will improve the service offering to owners and enhance operations. It has commenced discussion with Carleton Pioneer Credit Union to determine if a merger or amalgamation would be mutually beneficial to owners of both Credit Unions. Discussions are preliminary and any recommendation to change the status of the Credit Union would be based on benefits and require majority support of owners. We will keep you informed.
Are you one of the owners who has received a telephone call from our staff thanking you for your support and inquiring if we may be of further assistance? We are hoping to call everyone over the next few weeks. Our Cross Selling and “Loan and Mortgage” Campaign is in progress and now may be a good time to consider consolidation of your credit card and other debt to reduce interest rates and monthly payments. If you are considering home renovations, purchase or construction of a new residence we invite you to call.
This front page features activity with the High School Graduate Bursary Program this year. We congratulate the successful candidates and wish them much future success. On another note, over the next few weeks staff expects to finalize details necessary to offer U.S. Dollar Savings and Chequing Accounts. An update report will be forthcoming.
Please enjoy the summer period keeping in mind we are nearing the time of year when we provide information to owners interested in volunteering for Board or Committee work at the upcoming fall Annual General Meeting. Look for details in October.
Sincerely
David G. Preston President2 3
IWN
$100
This past May 24th .Capital Credit Union joined the fight to end Multiple Sclerosis. So many of us have been affected by this
Golf package - John Fila
CCU Site Search
Visit for the answers to these questions and you could win $100.00:
1. Name something that makes credit unions unique: ____________________________________________
2. What is the name of our daily interest savings account? ____________________________________________
3. What is the name of the card that acts like a credit card but withdraws from your chequing account? ____________________________________________
4. How many ATMs does Capital Credit Union have? ____________________________________________
5. Name a benefit of direct deposit:
____________________________________________
Name : ________________________________________
Phone No: _____________________________________
www.capitalcu.nb.ca
With a Credit Union it's about having the freedom to find your own way. Giving you the confidence to take ownership of your financial future, all while supporting your community and your province.
Today everyone is on the move whether you're away for business or pleasure it's good to know you are always connected to your finances. Make withdrawals and deposits day or night with our ATMs; manage your account by phone, 24 hours a day, seven days a week with Automated Teleservice telephone banking or use the Internet banking system.
Have your cheques direct deposited-allowing same day deposits; pay your bills through the Internet, telephone or over the counter. Set up an automatic transfer to a savings account on payday for a special project or vacation.
Internet Banking System
q Available on both personal and business accounts qConvenient, internet access at home or office q24-hour access, 7 days a week qObtain information and complete transactions even
when branch is closed qSecure with PAC and high level of encryptionqBalance inquiries qBill payments - immediate and future dated qInter-owner account transfers qTransfer funds to another financial institution through
Hyper-Wallet qOrder Cheques qChange Address qView and print statement of account (up to 1 year or
200 transactions)
MemberDirect
TeleService
Allows you to access your account(s) 24 hours a day through your telephone. Utilizing your owner account number, branch number and a 5-digit security code, you can receive balances and transaction information, pay bills or transfer money - all from the convenience of any touch-tone phone.
Direct Deposit
A convenient, safe, automatic way for depositing Pay Cheques, GST cheques, Child Tax Benefits, and other Payments.
Benefits:qSaves time with same day deposit. qWorry-free in case of illness, vacation, travelling or inclement
weather. qEarns interest immediately, if savings accountqNO risk of lost, stolen or damaged cheques
Debit Card A trouble-free and economical way to purchase goods and services without the hassle or delay of cheque approvals! There's no need to carry cash with your MemberCard, you can make purchases wherever the Interac Direct Payment logo is displayed.
Benefits: qConvenient, easy and fast qAccess with MemberCard and PINqCosts less than writing a chequeqNO risk carrying cashqSafe and private with confidential PIN qEasy record keeping with detailed monthly or semi-annual
Rest easy knowing your Credit Union has the regulations and policies in place to offer stable financial services during a time of financial and economic uncertainty.
We are locally owned by the very same people who we provide services to and we are provincially regulated. Our financial stability is a reflection of the business we do in New Brunswick. Credit Unions do not have international divisions, affiliates, corporations or dealings that would expose our Owners to high-risk scenarios experienced recently in the USA.
New Brunswick Credit Unions are well prepared to deal with industry instability because of our structured investing and lending policies. These provincially regulated policies ensure we maintain a conservative level of risk and a secured position when lending.
In addition, we have strong liquidity levels (higher that the regulatory minimum). This means Credit Unions hold a strong position servicing the needs of our mortgage and loan requirements for our Owners.
Our knowledgeable financial professionals can guide you to a stable financial future, while further strengthening our local economies. Credit Unions provide the investment options that New Brunswickers and our businesses need during thesechallenging financial times.
Mother's Day BasketMary Goodine
debilitating disease that we decided to put together a team of staff members, family and friends and took part in the Fredericton Super Cities MS Walk. Because the MS walk is a central part of the society's fundraising efforts, we decided to raise as much money as we could and set a goal of $ 1000.00. In the end we are proud to say we exceeded our goal and raised a total of $1434.78 through two successful draws on a Mother's Day Basket and a Golf Package, free will donations for coffee and donuts on Fridays and donation jars set up in the branch.The 5-kilometre walk was trying at times, but Team FUNdraisers endured the heat and hills to support our family and friends who suffer from this disease and it was well worth it!!We would like to extend a special thanks to the owners of Capital Credit Union who supported us in this cause and to all the staff who were not able to walk but helped with our fundraising activities.
Team FUNdraisers
“THERE'S A CURE, WE JUST NEED TO FIND IT”
How Do You Deal With a Global Economic Crisis?
Find SolutionsClose to Home.
THE EXCHANGE® network of ATMs is the convenient, easy way to do your banking wherever you are. ATM cardholders can access hundreds of Exchange ATM locations across Canada and best of all, with no additional surcharges.
The months of July, August and September represent the final quarter of our financial year. In spite of the dampening effects of the recession, your Credit Union continues to record healthy growth and profitability. Owners are demonstrating confidence by placing more deposits, loans and mortgages with their Credit Union.
The Annual AGM of the Credit Union System of New Brunswick (CUCNB) was held in Fredericton on April 18th, 2009. It was a productive AGM. The high-lite was approval of a special resolution of delegates by a margin of 68% to 32% enabling CUCNB to amalgamate with Centrals in NS and PEI to form one Atlantic Central. The time frame to achieve this is June 2010. The new entity will provide economies of scale and access to new services. A Central provides trade services, however, regulation of NB Credit Unions will continue to be retained by the Province of New Brunswick under the Credit Union Act and Regulations.
As always, your elected Board of Directors is receptive to change which will improve the service offering to owners and enhance operations. It has commenced discussion with Carleton Pioneer Credit Union to determine if a merger or amalgamation would be mutually beneficial to owners of both Credit Unions. Discussions are preliminary and any recommendation to change the status of the Credit Union would be based on benefits and require majority support of owners. We will keep you informed.
Are you one of the owners who has received a telephone call from our staff thanking you for your support and inquiring if we may be of further assistance? We are hoping to call everyone over the next few weeks. Our Cross Selling and “Loan and Mortgage” Campaign is in progress and now may be a good time to consider consolidation of your credit card and other debt to reduce interest rates and monthly payments. If you are considering home renovations, purchase or construction of a new residence we invite you to call.
This front page features activity with the High School Graduate Bursary Program this year. We congratulate the successful candidates and wish them much future success. On another note, over the next few weeks staff expects to finalize details necessary to offer U.S. Dollar Savings and Chequing Accounts. An update report will be forthcoming.
Please enjoy the summer period keeping in mind we are nearing the time of year when we provide information to owners interested in volunteering for Board or Committee work at the upcoming fall Annual General Meeting. Look for details in October.
Sincerely
David G. Preston President2 3
IWN
$100
This past May 24th .Capital Credit Union joined the fight to end Multiple Sclerosis. So many of us have been affected by this
Golf package - John Fila
CCU Site Search
Visit for the answers to these questions and you could win $100.00:
1. Name something that makes credit unions unique: ____________________________________________
2. What is the name of our daily interest savings account? ____________________________________________
3. What is the name of the card that acts like a credit card but withdraws from your chequing account? ____________________________________________
4. How many ATMs does Capital Credit Union have? ____________________________________________
5. Name a benefit of direct deposit:
____________________________________________
Name : ________________________________________
Phone No: _____________________________________
www.capitalcu.nb.ca
With a Credit Union it's about having the freedom to find your own way. Giving you the confidence to take ownership of your financial future, all while supporting your community and your province.
Today everyone is on the move whether you're away for business or pleasure it's good to know you are always connected to your finances. Make withdrawals and deposits day or night with our ATMs; manage your account by phone, 24 hours a day, seven days a week with Automated Teleservice telephone banking or use the Internet banking system.
Have your cheques direct deposited-allowing same day deposits; pay your bills through the Internet, telephone or over the counter. Set up an automatic transfer to a savings account on payday for a special project or vacation.
Internet Banking System
q Available on both personal and business accounts qConvenient, internet access at home or office q24-hour access, 7 days a week qObtain information and complete transactions even
when branch is closed qSecure with PAC and high level of encryptionqBalance inquiries qBill payments - immediate and future dated qInter-owner account transfers qTransfer funds to another financial institution through
Hyper-Wallet qOrder Cheques qChange Address qView and print statement of account (up to 1 year or
200 transactions)
MemberDirect
TeleService
Allows you to access your account(s) 24 hours a day through your telephone. Utilizing your owner account number, branch number and a 5-digit security code, you can receive balances and transaction information, pay bills or transfer money - all from the convenience of any touch-tone phone.
Direct Deposit
A convenient, safe, automatic way for depositing Pay Cheques, GST cheques, Child Tax Benefits, and other Payments.
Benefits:qSaves time with same day deposit. qWorry-free in case of illness, vacation, travelling or inclement
weather. qEarns interest immediately, if savings accountqNO risk of lost, stolen or damaged cheques
Debit Card A trouble-free and economical way to purchase goods and services without the hassle or delay of cheque approvals! There's no need to carry cash with your MemberCard, you can make purchases wherever the Interac Direct Payment logo is displayed.
Benefits: qConvenient, easy and fast qAccess with MemberCard and PINqCosts less than writing a chequeqNO risk carrying cashqSafe and private with confidential PIN qEasy record keeping with detailed monthly or semi-annual
Rest easy knowing your Credit Union has the regulations and policies in place to offer stable financial services during a time of financial and economic uncertainty.
We are locally owned by the very same people who we provide services to and we are provincially regulated. Our financial stability is a reflection of the business we do in New Brunswick. Credit Unions do not have international divisions, affiliates, corporations or dealings that would expose our Owners to high-risk scenarios experienced recently in the USA.
New Brunswick Credit Unions are well prepared to deal with industry instability because of our structured investing and lending policies. These provincially regulated policies ensure we maintain a conservative level of risk and a secured position when lending.
In addition, we have strong liquidity levels (higher that the regulatory minimum). This means Credit Unions hold a strong position servicing the needs of our mortgage and loan requirements for our Owners.
Our knowledgeable financial professionals can guide you to a stable financial future, while further strengthening our local economies. Credit Unions provide the investment options that New Brunswickers and our businesses need during thesechallenging financial times.
Mother's Day BasketMary Goodine
debilitating disease that we decided to put together a team of staff members, family and friends and took part in the Fredericton Super Cities MS Walk. Because the MS walk is a central part of the society's fundraising efforts, we decided to raise as much money as we could and set a goal of $ 1000.00. In the end we are proud to say we exceeded our goal and raised a total of $1434.78 through two successful draws on a Mother's Day Basket and a Golf Package, free will donations for coffee and donuts on Fridays and donation jars set up in the branch.The 5-kilometre walk was trying at times, but Team FUNdraisers endured the heat and hills to support our family and friends who suffer from this disease and it was well worth it!!We would like to extend a special thanks to the owners of Capital Credit Union who supported us in this cause and to all the staff who were not able to walk but helped with our fundraising activities.
Team FUNdraisers
“THERE'S A CURE, WE JUST NEED TO FIND IT”
How Do You Deal With a Global Economic Crisis?
Find SolutionsClose to Home.
THE EXCHANGE® network of ATMs is the convenient, easy way to do your banking wherever you are. ATM cardholders can access hundreds of Exchange ATM locations across Canada and best of all, with no additional surcharges.
Paige Parker – Plans to attend St. Thomas $1000.00 Ralph V. Burtt Bursary Graduate of Stanley High School
Jodie O'Neill – Plans to attend UNB $500.00 Capital Credit Union Bursary Graduate of Leo Hayes High School
Ashley Fullarton – Attending UNB $ 500.00 Capital Credit Union BursaryGraduate of Stanley High School
Brett Hughes – Attending Eastern Trades College $ 1000.00 E. Carl Jamieson Bursary Graduate of Leo Hayes High School
SERVICES AVAILABLE AT CAPITAL CREDIT UNION
1
They work with you to choose the products and services that match your needs – from chequing to savings, vehicle loans, mortgages and lines of credit – they have everything.
ONLINE APPLICATIONS available at www.capitalcu.nb.ca
