VPCU NEWSLETTER

VPCU is proud to offer a full suite of VISA credit cards so you FALL 2019 can choose the best option for your needs. Both Personal and Business Visa cards are now available. It only takes a few minutes to complete an Hours of Operation: application online. Victoria Branch M – F 8:00am – 4:00pm

Graveley Branch M – F 8:00am – 4:00pm (closed for lunch 11:30am - 12:30pm)

UPCOMING STATUTORY HOLIDAYS Labour Day: Sept 2, 2019 We are closed, reopening Sept 4

More Information Thanksgiving: Oct 14, 2019 We are closed, reopening Oct 15 on Pg. 4 Remembrance Day: Nov 11, 2019 We are closed, reopening Nov 12 WILLS & ESTATES Planning for the final stage in life is never a comfortable subject to review. More Information on Pg. 4

FINISH READING ON Pg. 5

It’s a TEAM Thing! Finish Reading

Look Who’s Joined the on Pg. 2 VPCU Team!

Finish Reading on Pg. 3 Phishing

CYBER SMARTS

V.P. Credit Union is raising awareness through its new Cyber Smarts webpage and encouraging its membership to be vigilant with the protection of their personal financial data at all times.

Technology creates tremendous convenience and makes a number of things much more efficient in our daily lives today. However, it also presents many opportunities for sophisticated criminals to do us harm as well. The best way to combat these cybercrime risks is to educate ourselves as best we can and to be extremely mindful of how our personal data and financial information is used and communicated. VPCU has selected a number of articles that we recommend our membership review. We have categorized them accordingly and we shall be posting new article links periodically.

Topic #1: Phishing

Phishing is defined as the fraudulent practice of sending emails purporting to be from reputable companies in order to induce individuals to reveal personal information, such as passwords and credit card numbers.

January 10th, 2019 – Source: Better Business Bureau https://www.bbb.org/mbc/get-consumer-help/tips-directory/phishing/

2 Look Who’s 4. Joined Us!

Newest Members of the Team

Anna Sandhu and Mary Velasco.

Anna Sandhu Mary Velasco

Manager, Member Service Member Services Representative.

Anna brings 20+ years of Credit Union experience which we Mary is filling in for Sarah while she’s on maternity leave. will all benefit from: You will be wowed by her friendly smile and helpful • Northern Savings Credit Union disposition! Manager, Deposit Agency, Back Office Administration, Banking System Trainer, Personal Her career experience includes over 10 years in administration Banking Officer, MSR Supervisor, MSR, Retail and more than 8 years as a customer service and client relations Lending specialist. • (Head Office) Investment Operations Coordinator – Centralized Mary’s favourite things to do include a love of nature and the Administration (Investments, Back Office Admin, outdoors where you might find her camping, fishing and/or on Retail & Commercial Lending) the beach watching sunrises and sunsets. • (Head Office) Investment Operations Centralized Administration: Family and friendships are celebrated with her love of cooking Senior Administrator and eating together. When finding herself with personal time (this lady starts each day early!), she enjoys spending time with her husband and 2 teenagers and coffee with friends. At 8 p.m. on March 31st, 2019, the Stork Market hit its highest mark yet when baby boy Griffen was born to staff member Sarah Robinson & her husband Andrew. The stork dropped low to deliver this 5 lb., 9 oz. little bundle of joy. Market forecast is that Griffen will bring lots of happiness & laughs to family & friends. If you'd like to invest your congratulations in this exclusive IPO (Initial Public Offering) via the VPCU Exchange, send a message to [email protected] and we will be sure to pass along all wishes.

3 SPOTLIGHT CUMIS INSURANCE Everyone deserves to enjoy life their way. For many active seniors, that includes heading to warmer destinations south of the border during Canada’s colder months. Be sure to protect yourselves and your loved ones with CUMIS Travel The is done raising interest rates until at Insurance before heading off to your new adventure. least the end of next year, with a serious risk of a cut by then as policymakers become more wary of slowing growth and global trade tensions.

While median forecasts show rates unchanged from here on, forecasters were split in three directions starting from the fourth quarter of this year. By end-2020, about two- thirds who provided a view said rates would be either unchanged or lower. While the BoC cut its near-term growth outlook in last month’s quarterly monetary policy review, it expects the economy to rebound in the second half of this year. But not everyone is convinced that is about to happen.

FINANCIAL LITERACY

V.P. Credit Union has created a financial education webpage called “Money Smarts” that will provide its membership with an overview of all things financial.

One of the core ideals that VPCU strived for when it was founded was to provide greater financial literacy to all its members. In the spirit of the original founders of VPCU from 1944, this webpage will provide a list of upcoming financial literacy Half of Millennial investors (aged 18 to 34 years) are seminars that we have arranged, web article recommendations and a money already using or likely to try the services of a robo- saving tips FAQ section. For ease of adviser. reference, we have categorized the topic Comfort with technology helps drive Millennials’ interest areas below. in robo-advice, but other factors include lower We encourage you to check back satisfaction with financial advisers, concern about periodically for the latest updates. biased advice, and lower fees. Many robo-advisers also do not require a minimum investment.

4 TRUSTED ALLIANCE MEMBERS WILLS & ESTATES

VP Credit Union is proud to introduce our new wealth Planning for the final stage in life is never a management and wealth protection services to our comfortable subject to review. However, not being membership. prepared and not having your final wishes documented is an even more uncomfortable situation Through our partnership with G&F Financial Group and Aviso Wealth Inc., we provide access to a full array of for the loved ones we leave behind. Having a will insurance solutions and investing solutions. Partnering and an estate plan in place is essential to helping with an accredited Wealth Management expert is one your family and friends navigate through this of the smartest financial decisions you can make, but challenging time. If you are someone that has a knowing where to start can be overwhelming. significant other, a family or have assets that you Beginning with a customized wealth plan – our experts will recommend protection solutions and investment wish to bequeath in a specific and orderly manner, it vehicles that align with your financial goals and your is highly recommended that you seek out a Wills and investment style. Estates specialist to assist you accordingly.

Investing options: V.P. Credit Union has established an alliance • Stocks and bonds* with Truvera Trust Corporation to offer our members • Exchange Traded Funds (ETFs)* • Segregated Funds** access to Estate and Trust services. • Mutual Funds* • Discretionary managed solutions Featured services (OnPointTM Managed Portfolios*)  Wills and Estate planning Insurance Options**:  Executor services, including third Living benefits insurance party executors Life insurance  Trustee services  Power of Attorney services Annuities For more information or to book a preferred member Whatever your life stage or goal, we have the solutions appointment with a specialist for Wills, Estates and to get you to where you want to be. For more other trustee services, please give us a call or email information please give us a call at 604 683 2434 or email us at [email protected]. us at [email protected]

5 THE CREDIT UNION DIFFERENCE

YOU WORK HARD FOR YOUR MONEY. WE WORK HARD FOR YOU.

Canada’s credit unions are owned by people that bank with them, which means your bottom line is our bottom line. Every member has equal ownership no matter what their account balance is. We firmly believe you are worth much MORE than your net worth! WE’RE INVESTED IN YOUR BEST INTERESTS.

Canada’s credit unions have ranked first among ALL financial institutions in overall Customer Service Excellence for 14 years in a row. We’re great at a lot of things, but we’re the best at putting YOU first!

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