How can we help with your Savings and Loans today MERGER UPDATES by franklinr


									                                       How can we help with your
                                       Savings and Loans today?
Issue 2                                                                                                 January 31, 2006

                                         MERGER UPDATES!
W ell, weEmployees Credit Unionnew City Plus Credit Union. ItLtd,not been without its challenges, but
          are 3 months into the
                                and Calgary Transit Credit
                                                                     since the merger between Calgary

with the excellent teamwork from staff and support cast we are nearing the completion of the merger process. We
hope that it has been transparent for you, our members. We thank you for your patience if it has not been as
transparent as we had hoped (Banking system communications at the Highland Branch comes to mind).
Already, we are receiving confirmation from many of our membership the benefits we envisioned when we considered
the merger between the two longstanding Credit Unions, more services and easier access. And financial benefits are
starting to filter in, improved rates and the reductions of duplicated expenses which strengthen the bottom line.

                                                             weighted basket of commodities. If, for example, the basket
  It’s time to think about your Future!                      increases 45%, your return will be 45% for the term, or
                                                             approximately 9% per year PLUS a minimum annual rate of
City Plus Credit Union has your Future in mind. We have a
                                                             1.00%. If the combined value of the commodities is lower in
number of fantastic options for you to consider when
                                                             5 years, you retain your original investment PLUS the
investing in your Retirement!
                                                             minimum annual rate of interest. No loss of principle.
                                                             THERE IS NO MAXIMUM OR CAP ON THE
We are offering
   • 2 Equity Linked RRSP’s, (no fees, no risk to
        your Principle investment)
   • 2 Premium Terms Savings, (no fees, higher than                 Premium Term Savings
                                                                      3 YEAR                           5 YEAR
        normal guaranteed returns)
   • Loans below Prime (starting @ Prime less ½%
        and                                                          5.50%                            8.50%
   • access to over 4,500 mutual funds through our           For the first 6 months, then     For the first 6 months, then
        partnership with Qtrade Investor.
                                                             the regular rate for duration    the regular rate for duration
                                                             at time of purchase.             at time of purchase.
          Equity Linked RRSP’s                               i.e. if rate 3.05% when          i.e. if rate 3.40% when
                                                             purchased, you would             purchased, you would
3 year Performance Canada:                                   receive the 3.05% for the        receive the 3.40% for the
                                                             remainder        2.5     yrs.    remainder       4.5      yrs.
Linked to the S&P TSE 60 index which is made up of a
collection of the sixty largest leading, well established    Effective rate would be          Effective rate would be
Canadian Corporations listed on the Toronto Stock            3.46%.                           3.91%.
Your return is based on the absolute price increase of the              Loans Below Prime
index from start date to the maturity date. You have the     All RRSP loans start at Prime minus ½%, with further
opportunity to receive a maximum return of 20% (6.67 per     reductions available. See your loans Officer for further
annum) upon maturity date. If there is no or negative        details.
growth, you will NEVER receive less than your original
                                                                           Qtrade Investor
                                                             Canada’s leading independent online broker: Qtrade
5 year Performance Commodity:                                Investor offers the convenience of trading online. Orders
This product is based on the equally weighted portfolio of   for equities, options and mutual funds can be placed through
five basic commodities, Aluminum, Copper, Gold, Natural      their Web site. Online Trades start at $27.00.
Gas and Oil. The returns are based on gains of the equally   Check out our web site for the link to Qtrade Investor.

        CITY PLUS CREDIT UNION                                        Recent Campaign Winners
                                                              Rick Soars was the Winner of the Johnson Insurance Win a
As City Plus has only been in business since November 1,      Digital Camera Campaign. By simply requesting a Quote for
2005, there will be no Annual General Meeting this year;      home and auto Insurance, Rick’s name was entered into the Draw.
however, we will have a Social open information session
                                                              Dean Lacaprara was the Winner of the City Plus Merger Win
planned to cover the final Financial Statements of Calgary
                                                              $250.00 GIC Event. A number of possibilities were available to
Civic Employees Credit Union and Calgary Transit Credit
                                                              have your name entered; open an account, obtain a loan, get a
                                                              MasterCard, get a Debit Card, and more.
No elections will be held nor any voting requirements.        We anticipate many more campaigns throughout the year, Please
                                                              check back with your branch or visit our Web site.
      This is only for information purposes only.

We will provide the further details via mail later once we
confirm a location.

We encourage you to come out to hear the results and          ☺ You know you are addicted to coffee if ...
progress your Credit Union has made to date and have a
good time with your fellow members.                               •      You grind your coffee beans in your mouth.
                                                                  •      You can take a picture of yourself from ten feet away

      Marion Lock and                                             •
                                                                         without using the timer.
                                                                         Your eyes stay open when you sneeze.
                                                                         You're so jittery that people use your hands to blend their
       Barb Lawson
                                                                  •      You don't sweat, you percolate.
     Memorial Scholarship                                         •      You walk twenty miles on your treadmill before you
                                                                         realize it's not plugged in.
The Board of Directors has again committed to offering            •      You channel surf faster without a remote.
two $500.00 scholarships drawn from qualified
applications at our next General Meeting held in March,       ☺ A father was trying to teach his young son the evils of
2006.                                                         alcohol.
                                                              He put one worm in a glass of water and another worm in a glass
Deadline for Entries is February 28, 2006; you can pick up    of whiskey. The worm in the water lived, while the one in the
the guidelines for submitting applications from either City   whiskey curled up and died. "All right, son," asked the father,
Plus Credit Union or from our Internet Web site.              "what does that show you?" "Well, Dad, it shows that if you drink
                                                              alcohol, you will not have worms."
        To the Members of the former
                                                              ☺ With only two tellers working at the bank, the line I was
   Calgary Civic Employees                                    standing in was moving very slowly. As I waited, I began to fill in
      Credit Union Ltd.                                       my withdrawal slip. Not sure of the date, I turned and asked the
                                                              woman behind me.
                                                              "It's the fifth," she replied. From the back of the line a man
The Board of Directors of Calgary Civic Employees Credit      advised, "Don't write it in yet!"
Union Ltd is pleased to report a Dividend payment to its
members on their shares account of;                           ☺ Two youngsters were closely examining bathroom scales on
                  2.0%                                        display at the department store.
                                                              "Have you ever seen one of these before?" one asked.
     This translated to a total sum of                        "Yeah, my mom and dad have one," the other replied.
                $7,422.00                                     "What's it for?" asked the first boy.
                                                              "I don't know," the second boy answered. "I think you stand on it
                                                              and it makes you mad."
                     Thank You
Both Boards of Directors would like to thank its
membership for their support over the last 60 years or so,
and wish for the same support or more for these new and
exciting times ahead for the merged Credit Union.


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