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Alter-Rrsps Alterna Is a Full-Service Provider of Investment Solutions Winter 2011 fresh Alter-RRSPs Alterna is a full-service provider of investment solutions. That means we offer a whole lot more than just term deposits! In fact, we provide you with the right tools, information, and investment solutions to help you make the best decisions for your long-term savings, retirement, or investment needs. So what makes Knowledge Choice See page 3 to learn how and Expertise From mutual funds*, stocks*, and Alterna is popping the Alterna a The Qtrade Investment Specialists bonds* to guaranteed index-linked myths about investing for first-class at Alterna will help you develop an term deposits and simple redeemable your retirement. investment plan built just for you. or fixed term deposits, Alterna has Don’t delay—the RRSP provider of Plus, thanks to our new partnership the RRSP options you are looking for. investing deadline for with Qtrade Financial Group, Security the 2010 tax year is Alter-RRSPs we have more licensed mutual Unlimited deposit insurance on March 1, 2011. Contact funds* representatives in our registered investments, including Alterna today to get started. and TFSAs? branches than ever before. RRSPs and TFSAs. A Great Start to the Have Looking New Year Your Say! for fresh Alterna’s Money Management Program T E G is a complimentary, personalized D U Join program designed to help members B e-news? take control of their day-to-day finances through budgeting and controlled Sign up for the spending. A Personal Money Coach Join Alterna’s online community e-version of fresh will work with you to determine which and have your say through surveys Write [email protected] and that are relevant to your financial Money Villain is foiling your finances please include your name and help you find the path to short- needs and interests, read the latest and long-term financial success.Call news, benefit from helpful financial and mailing address. 1.877.560.0100 to book an appointment articles, and enter great contests! The paper version of Alterna’s with a Personal Money Coach today. Find the link on alterna.ca. newsletter is now more eco-friendly. With a new name It’s easy to take part, in person or and design, we’ve also changed Annual our printing process. fresh online! is printed on 100% recycled paper Vote in person at the AGM on Wednesday, April 13, 2011. using environmentally-friendly General Vote online in advance, March 1 to April 8, 2011. processes—which translates into Watch alterna.ca for updates and see page 2 for more 22.2 trees saved from harvesting Meeting AGM details. and a reduction of 5,030 lbs in air emissions. A New Brand for a New Year! We accomplished much in From all of this research we 2010 and, although some of recognized that Alterna has it is behind the scenes, it all something special to offer our has an impact on Alterna’s members and clients, because ability to serve you better. Alterna is about connections Through focus groups and and not just transactions. We are various types of surveys, approachable, warm, and engaging. Alterna solicited feedback We want you to depend on us and from members, non-members, trust that we put your interests first the Board, and employees and foremost. Alterna exists for and this past year. We discovered because of you. that both members and Secondly, we want to be an new—we’ve always been about reflect the new brand as well. non-members feel that banks important part of our communities. connections and we’re not trying to In addition, plans are in the are typically more interested And, that means more than simply change the way we do things. We works to launch a totally new in their money than they are renting space for a branch, but simply wanted to find a better way website with enhanced features them as individuals. We heard rather becoming part of the fabric to articulate how your experience and navigation, new content and you say that you want human of the communities we serve. Our with Alterna aligns with our core financial calculators, plus upgraded interactions and relationships talented employees offer expertise values. This fall we freshened up telephone banking, and feature-rich at your financial institutions. and services that can help our the look of our existing website and online banking including new bill Our employees told us that communities grow and prosper— new brochures were introduced in payment services. Please keep an they care. They care for and we want to play our part. our branches. You’re reading our eye on our website to learn more as each other, their members, We launched our new brand revamped newsletter—fresh!—and the brand continues to develop. and Alterna. in November. Well, it’s not really our current promotional materials of contemporary credit unions. Alterna Savings Banks were rare in rural areas so An this was seen as a real innovation. Annual The Raiffeisenbank, his namesake, Wealth Management is Austria’s largest banking group General today. Alter- One of Alterna Savings’ Alter-Services that make a Difference Meeting predecessors, CS CO-OP, was the first Canadian credit union Wednesday, to be established outside Quebec, Idea way back in 1908. Alphonse April 13, 2011 Desjardins, who started the first Quebec caisse populaire, was one 6:00 to 9:00 pm Once upon a time there were of CS CO-OP’s founders as well. His (to be confirmed) only big banks, where men—and only men—sat smoking cigars in support for credit unions was first Ottawa Venue cozy, wood-panelled boardrooms motivated by anger when he heard Hampton Inn & Conference Centre while most average working of a Montrealer who was required 200 Coventry Road people were left out in the cold. to pay nearly $5,000 in interest on a Toronto Venue Then came credit unions—financial money lender’s loan of $150! Metro Toronto Convention Centre institutions for the rest of us. Running a financial institution on North Building, Constitution Hall Today there are almost 4,500 the principles of democracy may 255 Front Street West credit unions in 97 countries not seem like a radical idea today, around the world serving 172 but in the first half of the 20th million members and controlling US century, when profit-motivated Voting at the AGM $1.1 trillion in assets. The European banks made it difficult for the Members will vote for 4 positions Association of Co-operative Banks average citizen to borrow or invest, on the Board of Directors. At the accounts for another 34 million it was revolutionary. time of publication, no proposed members. So what does this all mean to changes to the credit union’s In spite of credit unions’ colourful you? As a member of Alterna by-laws are expected. background, a significant number Savings, you are an owner in a AGM registration details will of members don’t know the history financial services alternative be made available on alterna.ca of these ‘people’s banks’ and, where people come before profits shortly. consequently, the power that and your opinion truly matters. In membership represents. Like return for the rights and benefits Online Voting they say, knowledge is power, so of membership, members have Debit Chip Cards let’s brush up on that! responsibilities too—the credit Vote in advance—it’s easy! Although the first credit unions union needs your participation. Your Alterna debit/ABM card will be Visit alterna.ca between appeared in Germany in 1852, It doesn’t take much—read the replaced with a new state-of-the-art chip March 1 and April 8, 2011. founded by Franz Hermann newsletter, take a look at the card in the summer of 2011. Please be You’ll be able to read the Board Schulze-Delitzsch, another German, website, join AlternaSphere, and sure Alterna has your up-to-date mailing candidate bios, listen to their F.W. Raiffeisen, is considered vote for the Board of Directors address so you receive your Access Card audio statements, and then cast more important. He opened once a year. You can attend in a timely manner. See alterna.ca for your vote. Computers will be Germany’s first rural credit union the Annual General Meeting more details and for updates as the card available in branches for members in 1864, leveraging what he called (AGM) or, if it’s more conversion approaches. who require internet access. social capital, the underpinning convenient, simply vote online. 2 Alter-RRSP Investing for Everyone Procrastination is one of life’s great mysteries. We know it’s not very helpful and yet we all do it. When it comes to RRSP investing, procrastination has real monetary costs—and even so, we put it at the bottom of the to-do list. We tell ourselves RRSP myths to help justify our procrastination. So, let’s work on popping some of those myths and find a way to check RRSP investing off your 2011 list. Myth #18: “It’s too late for me to based on your appetite for risk buying new gadgets start” – First of all, it’s never too and you will make returns that are and travelling today late. Yes, you could have started both satisfactory and within your may just come to a crashing earlier and benefited from doing expectations. Besides, just putting halt at retirement time, unless so. But starting today is better that money aside for your future is you plan for it now. than tomorrow. Set up a regular ‘paying yourself’, never mind your There are many investment investment plan so that every pay returns.
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