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The Luseland Credit Union offers both redeemable and non-redeemable term deposit products to our members. The minimum deposit required is $1,000.00 for short term deposits and $500.00 for long term deposits. Short term deposits range from 30 days to less than 365 days. If the depositor is under 18yrs of age, the minimum deposit requirement is lowered to $100.00 for long term deposits. Interest is paid at maturity back to the term or another account with the Credit Union at the member's discretion. These investments offer competitive interest rates and are eligible to participate in our patronage program.
Luseland Credit Union offers a variable RRSP account that gives you much more flexibility when investing. This account allows you to deposit into the account throughout the year while earning interest. Once you have reached the minimum deposit of $1,000.00 you can then purchase your fixed rate RRSP and enjoy the tax benefits. We currently offer a 1 year fixed rate RRSP product that is available directly from our qualified staff.
Through our partnership with Concentra Financial we are able to offer 1 to 5 year RRSP, RRIF, and RESP products at competitive rates. This partnership makes it possible for you, the member, to continue dealing directly with our staff when obtaining the Concentra product.
The Credential Financial Strategies Centre offers a variety of protection and investment plans that complement the traditional savings programs offered by the credit union. Together, they can provide a total package to help you realize your full financial potential.
Whether your financial objectives involve saving for your first home, providing a university education for your children, or building a nest egg for a comfortable retirement, Credential Financial Strategies will tailor a plan suitable to your needs and goals. The Credential Financial Strategies Representative, a dedicated career professional carefully selected and trained to serve credit union members, can work with you to create a financial blueprint you can follow to help achieve your personal financial objectives.