Products & Services

Membership | Patronage Allocation To Members | Investment and Deposit Services
Mutual Funds | Wealth Management | Cards | Lending Services
Insurance | Electronic Services | Other Services

Membership

All members share in the success of Raymore Credit Union that is member owned and controlled. Members may vote at meetings, are eligible to become a director and are eligible for Patronage Allocations. An investment of $5.00, to purchase one refundable share, is required to become a member.

Patronage Allocation To Members

Total allocation depends upon the net profit of the Credit Union. Individual allocations are based on the total interest earned on your investments and the interest paid on your loans during the current year. To date over $3 million has been paid to members.

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Investment and Deposit Services

Deposit Guarantee
As a member of the Credit Union Deposit Guarantee Corporation, all deposits are fully guaranteed.

Personal Chequing
A chequing account that includes monthly-itemized statements. Non-profit organizations and members 65 years of age and over may qualify for certain service charge exemptions.

U.S. Dollar Chequing
A chequing account, in United States funds that includes a monthly statement.

Maximizer
An interest bearing chequing account with interest calculated on the minimum daily balance and paid monthly. Monthly-itemized statements are provided.

Plan 24
A savings account with interest calculated on the closing daily balance and paid monthly.

Youth Accounts
A chequing account with reduced service charges designed for members18 years of age and under. Monthly-itemized statements provided.

Graduate Account
A chequing account, with reduced service charges, for students 25 years of age and under who are enrolled in post secondary education programs. Monthly-itemized statements provided. Graduate loans are available.

Term Deposits
Redeemable and non-redeemable terms available from 30 days to 5 years. Interest is paid on the anniversary date or on the maturity date to the account of your choice. The minimum deposit for terms of less than 365 days is $5,000. For terms greater than one year, the minimum deposit is $500.

RateHiker
A 3, 4 or 5-year non-redeemable term deposit with the option to select an interest rate that is equivalent to the remaining term of the deposit. This option can be exercised twice throughout the length of the term.

Index Linked
A non-redeemable index-linked term deposit that provides the potential of stock market gains based on stock market indices. The principal investment is not at risk.

Canadian Agricultural Income Stabilization (CAIS) Program
The Canadian Agricultural Income Stabilization (CAIS) Program provides income stabilization and disaster assistance to farmers on a permanent basis. The program provides affordable protection for margin decline without the need for an account build-up. To secure protection, you simply make a fully refundable deposit.

To learn more about CAIS Program, visit the Agriculture and Agri-Food Canada Web site at www.agr.ca/caisprogram

Registered Retirement Savings Plan (RRSP)
A full range of investment options are available, including term deposits and mutual funds. Maximize your return by arranging automatic monthly transfers to an RRSP account.

Registered Retirement Income Fund (RRIF)
To establish your own personal pension plan, you will need to convert the funds from your RRSP into a RRIF or other Retirement Income Option. We can help you understand the difference between plans and help you determine which options best suit your retirement needs.

Registered Education Savings Plan (RESP)
A government-approved plan, providing post-secondary education funding for a beneficiary. Income earned within the plan is not taxed until it is withdrawn.

Mutual Funds

To reach your investment goals, you need qualified financial advice, access to top-performing investments and a clear picture of your portfolio. In addition to the Ethical Funds ® Family of funds, we have access to the Credential Platinum List Funds. Consolidate your personal and registered mutual fund investments into one account and receive one quarterly statement that summarizes your holdings.

Mutual Funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposit in credit unions. Mutual Funds are not guaranteed, their values change frequently, and past performance may not be repeated.

®Credential is a registered mark owned by Credential Financial Inc. and is used under licence. ®Ethical is a registered mark owned by Ethical Funds Inc. and is used under licence.

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Wealth Management

In addition to providing financial planning assistance, our Personal Account Representative specializes in registered savings plans (RESP, RRSP, RRIF, LRIF) and investment counseling. Our affiliation with Credential Financial Strategies Inc. provides members access to trust services, insurance, retirement planning, farm estate planning and brokerage services. After office hours Wealth Management Services are available by appointment. Please call ahead to book an appointment.

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Cards

MemberCard Debit Card
MemberCard provides instant access to your funds for making purchases at participating retail outlets and accessing cash at ATMs. Your PIN (Personal Identification Number) gives you confidential access to your accounts.

Global Payment MasterCard
This card acts like a cheque and is accepted worldwide by banks, merchants and ATMs. Transactions are recorded on your chequing account statement.

Gold Global Payment MasterCard
Same benefits and features as standard Global Payment MasterCARD, plus other benefits like travel services.

MasterCard Credit Cards
Low Fee MasterCard, No Fee MasterCard, Student MasterCard, Platinum Class MasterCard and Business Card MasterCard. These cards are recognized and accepted worldwide. Purchases are summarized on a detailed monthly statement. ATM access and cash advances available.

MasterCard Gold Credit Card
Same benefits and features as MasterCard Credit Card, plus other benefits like travel services.

Choice Rewards
Earn one point for every dollar spent on your MasterCard. Points can be redeemed for brand name merchandise, travel certificates and vacation packages. (No Fee MasterCard = 1 point for every $2 spent)

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Lending Services

Loans are provided at competitive interest rates. Management can provide same day approval on most loans. We offer:

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Insurance

Members Term Life Insurance
This insurance is provided for people with business, agricultural or other large financial commitments. With adequate life insurance you will keep your business or family free of debt and prevent financial hardship for the people most important to you.

Group Mortgage Protection
Group Mortgage Protection Service provides coverage to pay your mortgage in the event of death.

Credit Life and Disability Insurance
Credit Life and Disability insurance will reduce or pay your loan balance in the event of an untimely death or disability through sickness or accident to you or your co-borrower.

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Electronic Services

Automated Teller Machine
With a Member Card or MasterCard, members have access to cash and deposit services at any Credit Union ATM in Saskatchewan. Withdraw cash around the world from any banking machine bearing INTERAC, Plus System or Cirrus logos. An ATM is located at the Raymore office, providing convenient access to funds 24 hours per day, 7 days per week. A cash machine is located at the Punnichy office also providing 24-7 service.

Teleservice
Telephone us at 306-746-2160 or 1-866-612-2300 between 8:00 a.m. and 4:30 p.m. (answering machine after 4:30 p.m.). We can accommodate most of your inquiries and financial transactions over the phone.

Internet Banking
Bank from the comfort of your home, office or from any location in the world where you have access to Internet service. Internet banking allows inquiries to all your accounts, including a history of recent transactions. Pay all your bills with Internet banking service. Our new Internet Banking Service provides the latest in security, making it one of the safest methods to conduct all your banking needs.

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Other Services

Direct Deposit
All government cheques and many other companies are able to deposit funds directly into your credit union account. We can assist you in arranging Direct Deposit.

Bill Payments
Accepted for power, energy, telephone, Revenue Canada, Crop Insurance, Credit Cards, grain companies, department stores, satellite television and many more common electronic bill vendors.

Pre-Authorized Bill Payments
For convenience and savings, arrange to pre-authorize the payment of your bills.

Drafts/Money Orders
In Canadian and U.S. funds.

Electronic Wire Transfers
Transfer funds to any credit union or financial institution in Canada.

Notary Public/Commissioner for Oaths
This service is provided free of charge by authorized employees.

Travelers Cheques
Available in several currencies including Canadian and U.S.

Security Services
Keep your documents, coin and other valuables safe, in good condition and easy to find by renting a safety deposit box. Boxes are available in a variety of sizes.

Basic Plan, MasterPlan, Super Plan,
These Plans are specific groupings of products and services designed to take the confusion out of service charges on your personal account.

Heritage 65
This service is available to all members 65 years of age and over, and to their spouses, regardless of age if the spouse is a joint member.

Community Groups, Clubs and Societies
A chequing account with reduced service charges is provided for non-profit organizations.

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© Copyright 2002 Raymore Credit Union
Raymore, Saskatchewan CANADA
All rights reserved.