Your Credit Union....Shelter from the Financial Storm

Your Credit Union....Shelter from the Financial Storm

member profiles
Emma Sutherland of Active Outreach, coordinates & consults two programs:
Red Fox Program & Active Adventure Passport
Emma Sutherland, member of CCEC Credit Union for 12 years, made the leap from employee to self-employed consultant two and
a half years ago, with the support of CCEC. The road to self-employment was a bumpy one, and CCEC provided Emma with flexible
options so that her business could get established. The following articles are on the Active Adventure Passport Program and the Red
Fox Program. A life skills training component has been added to the Red Fox Program. CCEC will support this new component of
Red Fox by providing a financial literacy workshop for the youth Red Fox Leaders. Visit: www.vancouver.ca/parks/activecommunity/
passport.htm or contact Emma Sutherland, [email protected] or 604.319.2571.
Active Outreach designs and delivers
leadership training and special events to
increase the activity and capacity levels
of children, youth and families who face
financial and social barriers, with special
outreach to the Aboriginal community.
The philosophy of Active Outreach is that
giving vulnerable communities the skills
and opportunities to be active, and having
fun and learning together, strengthens
communities. Active Outreach is part of
the Active Communities initiative to get all
Vancouver’s Inner-City Program
is Waking up the Neighbourhood: The Red Fox Program
This member profile was adapted from the winter 2007/08 issue
of Communities in Action for a Healthy BC, originated by British
Columbia Recreation and Parks Association with funding from
ActNow BC and in partnership with 2010 Legacies Now as a
component of the Active Communities Initiative.
A cartoon red fox is
inspiring Aboriginal
children and parents
in Vancouver’s
inner-city neighbourhoods to get
moving and have
fun while doing it.
Red Fox
reaches out
to inner-city
First Nations families to show them easy,
fun ways to get active together. It also
provides leadership training to parents
and youth in the community.
“In many First Nation traditions red is
the colour that represents the body,”
explained Active Outreach Coordinator
Emma Sutherland. “And in many First Nation traditions, the fox is an animal that
represents transformation and strength
and resourcefulness. The symbolism
behind it is that taking care of your body
is transformative and that there are ways
to do it even when you have barriers to
being active and eating healthy.”
“For a variety of reasons many of the
8
British Columbians more active and leading
healthier lifestyles. In 2006, the Vancouver
Park Board asked Emma to develop programs to reach out to Aboriginal people and
women and girls to increase their activity
levels. Emma responded by launching Active
Outreach and the Red Fox program as a
consultant, in partnership with Active Communities Vancouver
to 12 local fitness adventures that encourages
a healthy, active lifestyle for both the children
and their families. The adventures include free
swimming, skating, wall climbing and park
exploration.
The Passport is a response to the recognition
that our society is facing an inactivity epidemic. Children in particular are not getting
enough exercise for optimal development.
The five month Active Adventure Passport
Program, to be distributed in early February,
introduces Vancouver elementary students
One of the Adventures, called Red Fox Games
is provided through the Red Fox Program. See
article below for further information.
families in Vancouver who are Aboriginal also are living in poverty,” observed
Sutherland, who had been working in
Vancouver’s inner-city for 15 years before linking with Active Communities.
ver.
Red Fox has provided leadership training to
over 200 Aboriginal and inner city parents
and youth, equipping them to lead fitness
and health promotion activities in their
The mandate of the Red Fox program is communities. In addition, Red Fox has fosdeveloping youth and parent voluntered Aboriginal and inner city participation
teers from the Aboriginal and inner city in the 2006, 2007 and 2008 Active Advencommunities, to lead activities in the
ture Passport.
schools and community for children
and families, to foster Aboriginal and
Red Fox partners with Vancouver Native
inner city participation in the Active
Health Society.
Adventure Passport and maintain increased activity levels. Red Fox creates Red Fox is an Active Communities
opportunities for Aboriginal people to Vancouver initiative.
share their culture, through story-telling, dance performances and singing at Active Communities Vancouver is the City
schools, parks and community centres. of Vancouver’s commitment led by the Park
Board to
To create sustainable benefits to the
help achieve
Aboriginal and inner city communities, the ProvinRed Fox enhances existing community cial goal
programs by offering free Red Fox Ac- to increase
tive Adventure sessions to schools and physical
community groups. Red Fox Active
activity
Adventures are activities that promote among
fitness, nutrition and environmental
citizens by 20
responsibility to children and families
per cent by
through a series of active stations. Red the year 2010.
Fox supports special events throughout the city by providing free activity
stations. To date, Red Fox has provided
active fun and learning to over 20,000
children, youth and adults in Vancou-
WINTER 2009
ccec credit union
common
interest
Keeping Our Money Working in Our Community Since 1976!
Your Credit Union....Shelter from the Financial Storm
by Jill Kelly, General Manager
CCEC Credit Union is not directly
affected by the current market
turbulence. Our deposits are
from our members; we do not
borrow from or invest in the
financial markets. Our loans are
to our members, and our loan
delinquency has always been
lower than the average for credit
unions, which is already lower
than for many financial institutions.
The friendly CCEC staff are awaiting your call! We can help you
move your funds here.
Call today for assistance:
604-254-4100 or 1-866-254-4100.
Your Retirement Savings
Plan
by Shelly Galloway,
Manager, Branch Operations
Anyone with earned income
subject to Canadian taxation may
contribute to an RRSP.
a new RRSP contract requires an
initial investment of $500.00.
It’s as easy as a visit to the branch
to start up your RRSP, a step that
could improve your peace of mind
and quality of life down the road. It
does take commitment: funds withdrawn too early never truly benefit
from the tax sheltered compounding factor available in RRSP’s.
For added convenience we can
transfer your existing RRSP balancCCEC has always maintained
es from other financial institutions
a healthy level of liquidity and
to CCEC Credit Union as the RRSP
capital, as a cushion for unsettled Your contribution can be to an
times. Our focus is on our mem- RRSP in your own name, your com- products mature. This way you can
easily keep track of your investment
bers’ needs, not on profits. Our
mon law partner’s name (regardfocus is on our community, not
less of sex), or your spouse’s name. continued on page 2 (RRSP)
on financial markets. This will
If one spouse will be in a higher
INSIDE:
continue to drive our actions
tax bracket in retirement, it may be
Condensed Financial Statements,
during this financial crisis.
beneficial to have the RRSP funds
AGM Nominations, Del. Authorization
Form, Member Business Services,
held by the spouse who will be in
Tax Free Savings Accounts Information
Your deposits with CCEC never
the lower tax bracket when the
and more.
lose value, unlike the stock
funds are withdrawn.
Join us for your AGM on
market and mutual funds. And
your deposits are insured by the For those of you who need to get
Thursday, January 22, 2009
Credit Union Deposit Insurance
started, CCEC Credit Union offers
at Rhizome Cafe, 317 E Broadway
Commission. For more informaautomatic transfers from chequ7:00pm Registration; 7:30pm Meeting
tion visit http://www.cudicbc.ca ing or savings accounts to RRSP’s.
NUEVO
Vea
página
4
por
artículos en Español.
The automatic transfer can be set
Receive Common Interest elecPara
contribuir
con
cosas de interest,
up for as little as $20.00 weekly/bitronically. Help us to save paper and
llamar a Joanne al 604-254-4100 ó al
postage. Sign up today by emailing
weekly/or monthly (e.g. set up the
correo electrónico
Joanne at [email protected].
transfer for paydays). Note: to start
[email protected]
CCEC’s HOURS
Monday
Tuesday Wednesday
Thursday
Friday
Saturday
...........11am - 5pm
...........11am - 5pm
...........11am - 5pm
...........11am - 5pm
...........11am - 6pm
...........10am - 1pm
RRSP continued from page 1
on your CCEC Credit Union monthly
statement.
Benefit from the basics - Stop by
CCEC Credit Union for your own
copy of Understanding the Basics,
a free booklet which provides unCOMMON INTEREST derstandable information on RRSP’s
Common Interest is published quarterly and retirement income options.
by CCEC Credit Union to provide our
members with information & opinions
on CCEC & its members’ activities.
Stories, announcements, photos & volunteers are welcome. Contact Joanne
MacKinnon at CCEC Credit Union,
2250 Commercial Drive, Vancouver,
BC V5N 5P9 Tel: 604.254.4100
Fax: 604.254.6558
Email:[email protected]
BOARD OF DIRECTORS
Monalisa Armirsetia
Kirsten Daub
Michelle Fortin
Emma Kivisild
Diane Levings
Catherine Ludgate
Helesia Luke
Lew MacDonald
Ian Mackenzie
Beat the February rush by making
an RRSP contribution early, and get
off to a good start by starting up an
RRSP automatic transfer. The earlier
the funds are deposited, the sooner
the funds start earning the tax sheltered income.
Monday, March 2, 2009 is the deadline for contributions for the 2008
tax year.
I look forward to meeting with CCEC
members throughout the RRSP
season.
Unlimited
Deposit Insurance
On November 22nd, the BC Legislature passed into law amendments to the Financial Institutions
Act which removed the limitation
on deposit insurance for BC’s credit unions. Previously, the deposit
limit was $100,000 per separate
deposit type. Now there is no limit
on deposits. All your deposits are
covered by the deposit insurance.
It is worth noting that no one has
ever lost a cent on a deposit in a
BC credit union!
This initiative is partly tied to
TILMA (The Trade, Investment &
Labour Mobility Agreement with
Alberta). The BC provincial government is committed to harmonizing with Alberta wherever
possible, and Alberta already has
unlimited deposit insurance.
Tax-Free Savings Accounts
RRSP, rather to a TFSA.
2.In the first year of a TFSA, the only loss is the tax on the interest earned. This will not be very much.
3.The contribution limit is
cumulative, so if you don’t contribute in year one, you can contribute double in year two.
4.There are costs to CCEC for Therefore, if you have unused RRSP setting up the TFSA’s, and deductions, you are probably better we aren’t really sure what the off putting any available funds into administration will look like.
an RRSP, where your entire deposit
is tax deductible.
We intend to reassess later in the
Tax-free savings accounts have
been announced, to great fanfare,
CREDIT COMMITTEE
Brenda Campbell
Heather MacKay by the Federal Government as a
David Fleming Reina Sorto
new savings vehicle. The maxiCindy Johnson
Laura Sturm
mum annual amount which can be
April Sumter-Freitag
deposited in a TFSA is $5,000. The
interest earned on the account is
STAFF
Atilio Alvarez .........Personal Loans Officer tax free. The $5000 deposit is not
Manuela Armenta ....Manager, Administration
tax deductible.
Paul Coulter ...........Clearing Administrator
Wendy Frost Sr. Member Services Officer
Shelly Galloway .......Mgr, Branch Operations
Jill Kelly
..................General Manager
Diane Leblanc Member Services Rep./Teller
D’Arcy Lee
.....................................Teller
Murray Livergant .......Business Loans Officer
Joanne
MacKinnon Member Communications
April Marchant........................................Teller
Gwen Reynolds .................................Teller
Nikki Sharp
Member Services Rep./Teller
Reina Sorto
.....................................Teller
Common Interest is written and coordinated
by Joanne MacKinnon & contributing authors.
Editing & proofreading by Wendy Frost,
Shelly Galloway, Jill Kelly, Atilio Alvarez.
Printed on recycled paper
2
CCEC has carefully reviewed the
TFSA, and we have decided that we
will not be offering it right away.
There are four main reasons for this
decision:
1.Most CCEC members will be better off contributing to an year. We encourage our members to maximize their RRSP
contributions before considering the TFSA. But we would like
to hear what our members think,
so please let us know.
New Year’s resolutions:
is it your turn?
by Lew MacDonald, Board Member
Nominations Committee Member
Have you made any New Year’s
resolutions that involve becoming
more active? Helping shape your
community? Engaging with your
neighbours? Thinking about it?
Look no further. The CCEC Board
of Directors or Credit Committee
is the place where these things
happen. As members of this
great little financial co-operative,
you know that every January we
hold our Annual General Meeting
where, among other things, we
elect new members to replace the
outgoing members on our Board
and Credit Committee.
This renewal process reflects one
of the key principles our co-op
is built on: democratic member
control. That means one member,
one vote, with equal opportunity
for participation by all. To be specific, this means that CCEC depends on its members—each of
us—to share the responsibility of
providing direction to the credit
union as a whole.
Ideally, our credit union’s Board
reflects the composition of its
membership, and every member
should consider the option to run
for a position as both a responsibility and an opportunity.
have an MBA) to provide guidance to the general manager,
act as trustees for members’
deposits, monitor the credit
union’s performance and act as
representatives to the broader
community.
The Board meets monthly and
has committees that meet
throughout the year. A position
on the CCEC Board is a fantastic
opportunity for any member
interested in co-operatives, the
credit union system and governance matters.
Our Credit Committee is the
body that approves member
loans and reviews credit policies. Loans are the heart of CCEC
and we have one of the last peer
review committees of this kind
in B.C. The Committee meets
monthly. This working group is
ideal for members wanting to
know more about credit and
lending, debt management and
small business management.
Is this for you? The work can be
challenging but you are not
alone! You’ll be doing it alongside a great bunch of peers
who are there to offer support to
first-time directors and Committee
members.
For Board members, we provide a
mandatory comprehensive twoyear director training program that
gives you skills to apply at CCEC
and beyond. Most importantly,
you’ll gain a respect for and understanding of what makes CCEC
such a unique and important community institution.
So ask the staff for a nominations
package today. And don’t hesitate to contact a member of the
Nominations Committee (listed
below) for more information. The
AGM will be held on January 22 at
Rhizome Café. We look forward to
seeing you there!
Contact:
Lew MacDonaald
tel: 604.708.0577
email: [email protected]
Emma Kivisild
tel: 604.738.1108
email: [email protected]
April Sumter-Freitag
email: [email protected]
All incorporated member groups are entitled to be represented by an authorized delegate at the AGM of CCEC Credit Union. Please note that the delegate cannot be a
CCEC member. Please fax or drop off this form at CCEC, or bring it to the meeting. Be
sure the form is signed! More information and AGM nomination forms are available
at www.ccec.bc.ca.
CCEC CREDIT UNION
ANNUAL GENERAL MEETING
DELEGATE AUTHORIZATION FORM
AGM 2009
FOR INCORPORATED GROUPS ONLY (CO-OPS & NON-PROFIT SOCIETIES)
REGISTRATION AT 7:00PM & MEETING AT 7:30PM
There are nine directors and seven
Credit Committee members, each
of whom serves a three-year term.
The Board is the place where
leadership and strategic direction
happens. Our directors use their
experience (and you don’t have to
We hereby appoint the following as our delegate to the CCEC Annual General Meeting to be
held on Thursday, January 22, 2009 at Rhizome Café, 317 East Broadway, Vancouver, BC:
N.B. A DELEGATE CANNOT BE A CCEC MEMBER & MEMBER GROUPS MUST BE INCORPORATED.
PLEASE FAX THIS FORM TO 604.254.6558 OR BRING TO THE AGM.
DATE: __________________
NAME OF GROUP:_____________________________________________________
ACCOUNT #: _____________ DELEGATE NAME: ____________________________________________________
1. ___________________________________ 2. ______________________________________
(AUTHORIZED SIGNING OFFICER)
(AUTHORIZED SIGNING OFFICER)
7
C O M M U N I T Y
Credit Union Foundation of BC
Application for Education Award
Deadline: February 15, 2009
Pick up the Application at CCEC Credit
Union.
Visit www.cufoundation.org for criteria
and further information. As you must
mail your completed application with attachement, applications are not available
online.
E V E N T S
February, 2009,
Vancouver
The Active Adventure Passport will be
provided to 100 elementary schools and
all 35,000 Vancouver
Elementary students.
See article on Page 8 for more information.
◊ Foreign Invasion: Remastering
London’s Style
Saturday February 14, 2009 - 8:00 PM &
Sunday February 15, 2009 - 2:30 PM
Grandview Woodlands Food
Congratulations to Brooke H. Dashwood www.pacificbaroque.com
Connection
◊ CCEC Credit Union is a proud sponsor of the
and Jill C. Degner, CCEC Members who
Community Potluck and NetPBO ◊
received the Award in December 2008.
work Gathering
Marc Destrubé, guest leader & violin. On
Monthly on Thursdays at Britthis Valentine weekend, join the PBO and
tania Community Centre 6:30pmguest leader Marc Destrubé as they take
9:00pm. Everyone welcome
you back to the heart of 18th Century
with or without a food dish. Phone Ian Marcuse
London. Along with two of Handel’s
at 604.718.5895 for further information.
masterful concerti grossi, the program
will include music by Purcell, Corbett,
Hellendaal and Scarlatti’s keyboard
sonatas by Charles Avison.
January 20-February 8, 2009
The Politics of Food Film
Other concerts: Bach Reconstructed
Vancouver - various venues
Festival May 3 - Havanna ResSaturday March 21, 2009 - 8:00 PM; Sunday
www.pushfestival.ca
taurant Theatre
◊ CCEC Credit Union is a proud sponsor of the March 22, 2009 - 2:30 PM
Call for volunteers to organize
17th Century Germany: Buxtehude
PuSH Festival ◊
the festival. Sponsored by East
The annual PuSh International Performing and the Boys Saturday May 9, 2009 - 8:00
End Food Co-op and
PM; Sunday May 10, 2009 - 2:30 PM
Arts Festival is one of Vancouver’s
Grandview Woodlands Food
signature events. The Festival presents
Connection.
groundbreaking work in the live
Phone Ian Marcuse 604.718.5895 to volunteer.
performing arts: theatre, dance, music
and various hybrid forms of performance.
PuSh expands the horizons of Vancouver
artists and audiences with work that
is visionary, genre-bending, multiCoDev 8th Annual Doxa Documentary Film Festival
disciplined, startling and original.
World Community May 22-31, 2009
Film Festival
www.doxafestival.ca
◊ CCEC Credit Union is a proud sponsor of the DOXA
February 13-15, 2009
Film Festival ◊
Langara College, 100 W 49th Ave
www.codev.org/filmfest
◊ CCEC Credit Union is a proud sponsor
of the CoDev Film Festival ◊ Since 2002,
◊ 17th Vancouver International
CoDev Canada brings 30 Canadian &
Storytelling Festival,
international films featuring topics of
February 6 - 8, 2009
social justice, environmental issues, HIV/
Heritage Hall, Main Street, Vancouver
AIDS, conflict, labour movements, antiThe theme is “In the beginning.....”
oppressive movements, human rights,
Vancouver Folk Music Festival
www.vancouverstorytelling.org
queer issues and positive alternatives in
July 17-19, 2009 Jericho Beach
◊ CCEC Credit Union is a proud supporter of
today’s world.
Buy a weekend pass. Buy online:
the Vancouver Storytelling Festival ◊
www.ssitickets.com/vancouverfolkfestival/
EventSelection.aspx or phone 604-602-9798.
◊ CCEC Credit Union is a proud supporter of the
Vancouver Folk Music Festival ◊
6
Condensed Financial Statements
Condensed Financial Statements are presented here. Full audited
statements will be available at the credit union, free of charge. Complete
audited financial statements and the auditor's report will be presented and
discusssed at the Annual General Meeting on January 22, 2009
CCEC Credit Union
Condensed Financial Statements
September 30
2008
2007
BALANCE SHEET
Assets
Cash resources
Loans (Net of loan allowance)
Investments
Equipment and leaseholds
Other assets
Total Assets
$ 5,228,499 $ 6,319,230
21,027,462
19,601,066
83,559
86,988
241,848
284,161
234,605
55,468
$ 26,815,973 $ 26,346,913
Liabilities and Members' Equity
Deposits: Demand
Term
Registered savings plans
Equity shares
Payables and accruals
Retained earnings
Total Liabilities and Members' Equity
$ 11,102,070 $ 11,905,913
6,705,366
6,179,419
7,456,065
6,850,094
244,257
241,097
136,486
128,529
1,171,729
1,041,861
$ 26,815,973 $ 26,346,913
STATEMENTS OF EARNINGS AND
RETAINED EARNINGS
Financial income
Financial expense
Financial margin
Other income
Provision for loan losses
Income before operating expenses
Operating expenses
Earnings before income taxes
Income taxes
Net earnings
$ 1,409,907 $
488,503
921,404
321,091
(12,605)
1,229,890
1,075,425
154,465
24,597
$
129,868 $
1,316,609
435,101
881,508
271,553
(10,723)
1,142,338
1,032,835
109,503
27,566
81,937
Retained Earnings, beginning of year
Net earnings
Retained Earnings, end of year
$1,041,861
129,868
$1,171,729
$959,924
81,937
$1,041,861
"Lew MacDonald"
Sign up today at
www.ccec.bc.ca!
Making New Years’
financial resolutions?
Check out
Smart Cookies Guide to
Making More Dough.
CCEC Credit Union
sponsored this book
as part of Word on the
Street 2008.
Visit their website at:
www.smartcookies.com
"Michelle Fortin"
3
NEW - for our latin members. Translation provided by Atilio Alvarez and Lucia Alvarez.
Cuentas de Ahorro -Libre de
Impuestos
Seguro sobre los Depósitos
Desde Noviembre 22, 2008, la Asamblea
Cuentas de ahorro han sido anunciadas
Legislativa aprobó reformas al Acta de Las
con un gran fanfarrón, por el Gobierno
Instituciones Financieras, que elimina la limiFederal como una forma de ahorro. La
tación en los Seguros sobre los Depósitos en
cantidad máxima que puede ser depos- las Cajas de Ahorro y Crédito de la Columitada en una Cuenta de Ahorro Libre de
bia Británica. Anteriormente, el límite era
impuestos es $5,000.00. Los intereses
de $100,000.00 por cada tipo de depósito.
ganados en la cuenta no pagan imAhora no hay seguro límite en los depósitos.
puesto. Los $5,000.00 de depósito no son Todos sus depósitos estan cubiertos bajo el
deducibles de los impuestos.
seguro.
Por lo tanto; si usted tiene un margen de
deducciones que no ha usado,para usted
sería mejor poner cualquier fondo que
tenga disponible en un Plan de Retiro
Registrado, donde todo depósito es deducible de los impuestos.
Es importante hacer notar que nadie ha
perdido ni un centavo en las cajas de ahorro
y crédito de la Columbia Británica.
Esta iniciativa es parcialmente unida a
TILMA(El Comercio, Inversiones y el Acuerdo
de Mobilidad Laboral con Alberta).
CCEC ha revisado cuidadosamente la
El Gobierno Provincial de la Columbia
Cuenta de Ahorro Libre de Impuestos, y Británica está dispuesto a armonizar con
hemos decidido que nosotros no ofrecer- Alberta todo lo que sea posible, y Alberta ya
emos esto inmediatamente.
tiene seguro sin límites para los depósitos.
Hay cuatro razones principales para
tomar ésta decisión:
1.
2.
3.
4.
La mayoria de miembros de CCEC estarán mejor contribuyendo al Plan de Ahorro de Retiro Registrado, que al de la Cuenta de Ahorro Libre de Impuestos.
En el primer año de la Cuenta de Ahorro Libre de Impuestos, la única parte que se pierde son los impuestos en los intereses ganados. Esto no será mucho.
El límite de la contribución se acumula, por lo tanto si usted no contribuye en el primer año, usted puede contribuir el doble en el segundo año.
Existen costos para CCEC para implementar la Cuenta de Ahorro Libre de Impuestos, y nosotros no estamos seguros como será la admin
stración.
MULTICULTURAL
FAMILY CENTRE
1145 Commercial Drive,
Vancouver, BC
• Se ofrecen servicios y se organizan •
•
•
•
Tenemos la intención de reevaluarla mas tarde en el año. Proponemos a nuestros
•
miembros que contribuyan el máximo en
su Plan de Ahorro de Retiro Registrado,
antes de considerar la Cuenta de Ahorro •
Libre de Impuestos. Pero nos gustaría
oir que piensan nuestros miembros. Por
favor déjenos saber sus pensamientos.
4
grupos de ayuda mutua para promov- er programas educativos de la salud, tales como: la diabetes y otras enferme
dades crónicas
Se organizan paseos y otras actividades para personas mayores de edad
Charlas educativas sobre adicciones para hombres
Consejería a corto plazo
Consejería práctica y ayuda para llenar formularios y resumés
Preparación para el examen de ciudada
nia
Información acerca de recursos dis ponibles en la comunidad
Nuestro Plan de Ahorro de
Retiro
Escrito por Shelly Galloway
Gerente de Operaciones
Cualquier persona con ingresos ganados
sujeto al sistema de impuestos, puede
contribuir a un Plan de Ahorro de Retiro
Registrado.
Su contribución puede ser a un Plan de
Ahorro de Retiro Registrado en su propio
nombre, su compañero(a) de vida, o en el
nombre de su esposo(a). Si una persona
estará en la tabla de impuestos más alta
durante el retiro, podría ser más beneficioso
tener los fondos en el Plan de Ahorro de
Retiro Registrado a nombre de la persona
que estará en la tabla de impuestos más baja
cuando los fondos de ahorro se retiren.
Para aquellas personas que necesitan empezar, CCEC Credit Union ofrece transferencias
automáticas desde su cuenta de cheques ó
de ahorros para su Plan de Ahorro de Retiro
Registrado. La cantidad mínima para empezar is $500.00.
Es tan fácil como visitar la oficina para establecer su Plan de Ahorro de Retiro Registrado,
un paso que puede mejorar la tranquilidad
mental y la calidad de vida mas allá del
camino. Esto toma la forma de un compromiso. Fondos retirados demasiado temprano
nunca realmente se benefician de la protección de pago de impuesto del crecimiento
de interes compuesto disponible para las
Cuentas de Ahorro de Retiro Registrado.
Evite las carreras de último minuto en
Febrero, haga su contribución a la cuenta
de Ahorro de Retiro Registrado temprano, y
tenga un buen comienzo, estableciendo una
transferecia automática para su cuenta de
Ahorro de Retiro Registrado.
Antes de invertir en cualquier cuenta de
Ahorro de Retiro Registrado, pregunte
acerca del seguro de proteción de los fondos
invertidos. Los depósitos en CCEC Credit
Union, incluyendo las cuentas de Ahorro de
Retiro Registrado, califican para la cobertura
del seguro para depósitos. Mutual Funds no
tienen la cobertura del seguro que garantiza
los depósitos.
Para mayor información, llamar a Pedro
Ramírez ó German Blanco al 604-254-6468 Lunes, Marzo 2, 2009 es el último día para
las contribuciones, para el año 2008 de
impuesto.
Manuela Armenta, Manager Administration and Business Development
Manuela’s background and education make her a welcome addition
to the CCEC team. Before joining
CCEC, Manuela was a Senior Commercial Financial Services Officer
with HSBC Bank Canada for five
years and completed a Masters
Degree focused on socio-economic
development.
In addition, she brings social
finance and community economic
development experience to CCEC,
CCEC’s Other Services for
Businesses & Non-Profits
by Manuela Armenta, Manager,
Administration & Business
Development
Most of our members know that
CCEC offers a full range of operating loans, term loans, and mortgages for businesses and community organizations. We want to
take this opportunity to introduce
you to the other services which
are available through CCEC for our
business and group members.
MemberPlan: Memberplan is
an insurance plan that provides
medical, dental and extended
health benefits for business owners, employees and their families.
The product is affordable for small
and medium-sized businesses and
organizations and can help retain
valued employees. In addition to
the core coverage, additional coverage can be bought as necessary,
which means you can tailor the
product to suit your needs.
Business Credit Cards: A business credit card is just like the
credit card you have for personal
use, except it’s for expenses relat-
having recently worked in La Paz,
Bolivia with a “micro” venture capital NGO, and subsequently with
Canadian Crossroads International
in Vancouver.
products CCEC offers that best
meet those needs.
ed to your business or non-profit.
The card covers day-to-day costs,
thereby acting as a supplement
to your line of credit. It makes record-keeping easier and helps to
separate your business expenses
from your personal finances.
card at your place of business
or non-profit operation? If the
answer is yes, it may be worth
taking a look at merchant services. Having the ability to accept
credit and debit card payment
options can help to grow your
business or non-profit. The payments are deposited electronically to your CCEC account.
This issue features an article by
Manuela discussing the highlights
At CCEC, Manuela’s area of respon- of four of CCEC’s
sibility includes the development business product
offerings. We inand promotion of products and
services for small businesses. She vite you to take a
peek and feel free
looks forward to working with
our members to understand their to follow-up on
needs and build awareness of the any questions with Manuela.
Customer Automated Funds
Transfer (CAFT): CAFT is a
web-based product that automates and regularizes incoming
and outgoing payments such
as regular donations, in-house
payroll, supplier expenses and
creditor obligations. After an
initial set-up and implementation process, you can log-on
and enter your payments on the
online database.
All payment information is saved
and stored securely on the database and can be revisited anytime changes need to be made.
You can also print out a monthly
record of transactions for easy
record-keeping. Automating
in-flows and out-flows of payments helps you to manage your
monthly cash flow.
Please feel free to phone
Manuela for further information
at 604.254.4100 ext 30 or email
her at [email protected]
AGM Door Prizes
From our Members
to our Members
Donate an item or service as
a door prize at our Annual
General Meeting on Thursday,
January 22, 2009. This is a great
opportunity to network with
CCEC’s membership. For more
information or to donate an
item, please contact Joanne
MacKinnon at 604.254.4100 or
[email protected].
Merchant Services: Would you
like to be able to accept payments by credit card or debit
5