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Senior Services Members of 60 Years of age and over are entitled to the following priviledge :
You are encouraged to notify the Credit Union upon attaining your 60th birthday. This will ensure that you begin receiving these special benefits to which you are entitled. US Accounts This account is for those members who like to keep US cash available for when they need it. All the funds and transactions are in US dollar amounts.
Community Accounts Being locally based and locally owned, Dunnville and District Credit Union plays a major role in fostering community well-being through:
Transactions that are included free of charge are :
Youth Accounts FATCAT This account is especially for our youngest members under the age of 12. A FATCAT account is the perfect gift for a new baby or for a grandchild. It helps children develop the good habit of saving for a rainy day.
HEADSTART The Headstart cheq/savings account is designed just for students. Members who are between the ages of 13 and 25 and are attending school may benefit from this service fee-free account.
Personal Chequing Account Our PCA account is our straight forward chequing account. No minimum balance requirements and no maintenance fees.
Savings Accounts Plan 24 is a savings account designed to earn interest generally on short-term basis. Interest is calculated every twenty-four hours on the closing account balance, and credited to the account at the end of every month.
Cheq/Savings The CHEQ/SAVINGS account offers the convenience of a chequing account combined with the interest of a savings account.
OR maintain a minimum daily balance of $1000.00 and all cheque clearing and electronic service charges are free. (excluding other institution ATM withdrawals.) Personal Loans A personal loan is a convenient solution to get the things you need and want. A personal loan is also a great tool to consolidate multiple debts into one lower-cost payment. Benefits:
All loans subject to credit approval. Call the office to arrange an appointment with one of our loans specialists. Mortgages Purchasing a home is one of the largest financial decisions you will make. Selecting a mortgage is as equally important as selecting the house. Dunnville and District Credit Union offers several mortgage types to meet your needs.
All mortgages allow the option of monthly, weekly or biweekly payments. To see the current posted rates Click Here. All loans subject to credit approval. Call the office to arrange an appointment with one of our loans specialists. Meritline (Home Equity Loan) Apply only once, and when approved, you can use Meritline for any reason. How it Works... Your Home Equity Meritline can be pre-arranged for up to 65% of the appraised value of your property, depending on your mortgage situation. For example, assume your home has an appraised value of $ 200,000.00 and one outstanding mortgage of $ 60,000.00.
Credit Union Flexibility At its Best....
All loans subject to credit approval. Call the office to arrange an appointment with one of our loans specialists. RRSPs Registered Retirement Savings Plans are government approved tax deferral programs with many advantages over standard savings plans. Funds deposited in an R.R.S.P. are not taxed until withdrawn from the plan. If you deposit within the first 60 days of the year, you can choose between claiming your deductions for the previous year or for the current year. To find out how much you can invest in your R.R.S.P. check the bottom of your Tax Notice. Just think of the load this will take off your present taxable income . For those with a heavy tax load, the tax refund could end up covering a large part of next year's R.R.S.P. investment. Spousal Deposits You might consider contributing to an R.R.S.P. in which your spouse is beneficiary. Spousal R.R.S.P.s are an excellent income-splitting device that can serve to lighten your tax load in the future. R.R.S.P.s Options Available Dunnville and District Credit Union has two Registered Retirement Savings Plans available. Members may choose one or both plans. 1. R.R.S.P. Term Deposits: Members may choose to have an R.R.S.P. Term Certificate plan. This option yields a high interest rate than the "savings account" option. The Term Certificate option cannot be redeemed early unless it is to settle an estate. The minimum deposit for an R.R.S.P.s Term Deposit is $500. 2. R.R.S.P. Savings Account: This option allows you to make deposits at any time. You can automatically transfered Weekly, Bi-weekly or Monthly. Interest is calculated on the daily closing balance and compounded quarterly. You can Cash-in this R.R.S.P. at any time simply by giving us the required notice. Just remember... you'll have to count that money as "income" in the year it is received! There is, however, nothing to prevent you from starting another R.R.S.P. RRIFs A RRIF is a registered plan where an individual draws an income for retirement from a Registered Retirement Savings Plan (RRSP). A RRIF can be custom designed to meet the individual's retirement objectives. It provides maximum control over one's investment of funds and provides flexibility to adjust the amounts of payment one receives. You choose the payment level as long as it meets the minimum levels set out by the government. RESPs $112,700 is the estimated ¹ cost to obtain a university education in 2018 R.E.S.P.s What they're all about: The Credit Union Education Savings Plan (CUEPS) is a registered program designed to assist you in saving for the training and education needed to secure a child's future. Highlights of the Plan: - Earnings grow in tax sheltered until withdrawn. - Ability to select the most convenient periodic* payment plan. - The Canada Education Saving Grant will provide an additional deposit of up to 20% of your contributions to the Plan. - A wide variety of investment options available to maximize security and flexibility. For more information on CUESP and the Canada Education Saving Grant program ,contact the professional and knowledgeable staff at your credit union. Why not start now and put aside a little each week . Call your Credit Union investment specialist Claudia or Don for free consultation. ¹Sours Human Resources Development Canada RESP Calculator using a 4% yearly increase of tuition living expenses. *Some restrictions apply GICs GICs are available from 30 days to 60 months and offer a guaranteed rate of interest on your deposit. Funds are locked in for the term chosen. We also offer redeemable GICs that offer a competitive interest rate with the flexibility of being cashed at anytime with no early redemption penalty. Click here to see our current rates. Tax-Free Savings Account(TFSA) A fresh approach to your savings. The Tax-Free Savings Account (TFSA) is available beginning in 2009 to Canadian Residents age 18 or older. TFSA allows taxpayers to set money aside in eligible investment vehicles and watch those savings grow tax-free throughout their lifetime. There are no restrictions on the way TFSA funds (contributions and earnings) may be used (ie purchase a car, renovate a home,start a small business, take a family vacation, or just save for a "rainy day"). All income levels and all walks of life can benefit from a TFSA. But only a careful review of each person's financial situation will determine how to optimize use of RRSPs, RESPs,RRIFs and TFSAs. TFSA Eligibility The individual owning the TFSA is the "Holder". Any individual person (not trusts or corporations) who meets all of the following three requirements is eligible to open a TFSA:
There is no maximum age limit to open or hold a TFSA and a person may hold more than one TFSA. Note: The Holder is responsible for ensuring the maximum contribution limit is not exceeded. Home & Auto Insurance Home and auto insurance is offerred by CUMIS Insurance. The CUMIS Insurance program has been delivering quality insurance programs since 1986. They believe that compassion, understanding and trust are guiding principles towards forging strong and enduring relationships with credit union members. Their insurance representatives take a personal and professional interest in making sure you have access to coverage that is ideally suited to your needs. You are a good driver and a responsible homeowner. As a credit union member, don't pay more than you have to. Call today 1-800-810-2847 MasterCard  CU Credit MasterCard offers a wide range of credit card products with unique features designed to fit your needs.
ATM Locations We have two 24 hour ATM's located at the branch. We offer a cash dispensing Drive Thru ATM as well as a full function Vestibule ATM with wheel chair accessibility and the ability to lock the door behind you for security.  Throught a partnership with The Exchange atm network we have access to one of the largest networks of surcharge free ATM's. For more information on this please visit : Your Debit Card Access your money whenever you need it. Your MemberCard is the key to a wide range of self-serving options 24 hours a day. Use your MemberCard to:
Memberdirect Online Banking Online banking allows the member to access their accounts 24hrs a day 7 days a week from home. The member can pay bills, transfer between accounts, print statements, pay bills and create auto transfers.
Business Accounts Our business accounts offer a simple fee structure with no minimum balance requirements and no monthly maintenance fees.
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