CANFORGEN 043 10 CMP 022 10 151630Z FEB 10 CANADIAN DEFENCE COMMUNITY BANKING PROGRAM CF SPECIAL MORTGAGE OFFER AND PROGRAM ENHANCEMENTS UNCLASSIFIED 1 THE CHIEF MILITARY PERSONNEL IS PLEASE

							CANFORGEN 043/10 CMP 022/10 151630Z FEB 10
CANADIAN DEFENCE COMMUNITY BANKING PROGRAM - CF SPECIAL MORTGAGE
OFFER AND PROGRAM ENHANCEMENTS
UNCLASSIFIED
   1. THE CHIEF MILITARY PERSONNEL IS PLEASED TO ANNOUNCE A NEW
      MORTGAGE OFFER AND SEVERAL ENHANCEMENTS TO THE CURRENT SUITE OF
      PRODUCTS FOR THE CANADIAN DEFENCE COMMUNITY BANKING (CDCB)
      PROGRAM
   2. THE CDCB, A CDS-APPROVED NON PUBLIC PROPERTY NATIONAL PROGRAM, IS
      MANDATED TO PROVIDE MEMBERS OF THE DEFENCE COMMUNITY WITH
      ENHANCED BANKING SERVICES. ELIGIBLE MEMBERS INCLUDE, BUT ARE NOT
      LIMITED TO, CF PERSONNEL (REGULAR AND RESERVE FORCE), CANADIAN
      RANGERS, MEMBERS OF THE CADET ORGANIZATIONS ADMINISTRATION AND
      TRAINING SERVICE (COATS), AND RETIRED AND FORMER CF PERSONNEL. THE
      CURRENT CDCB PROGRAM OFFERS A BROAD RANGE OF COST-EFFECTIVE
      PRODUCTS, PLANS AND SERVICES WHICH INCLUDE LOW-COST STUDENT
      LOANS, LINES OF CREDIT, AND THE UNIQUE - SUPPORT OUR TROOPS -
      INITIATIVE THAT DIRECTLY BENEFITS CF MORALE AND WELFARE PROGRAMS.
      THE CDCB IS DELIVERED IN PARTNERSHIP WITH BANK OF MONTREAL (BMO)
   3. CDCB NOW OFFERS CDCB MEMBERS ON IRP-QUALIFIED MOVES A PARTIAL
      WAIVER OF THE INTEREST RATE DIFFERENTIAL PENALTIES ON THEIR CURRENT
      AND NEW BMO MORTGAGES. THIS PARTIAL WAIVER LIMITS INTEREST RATE
      PENALTIES TO THOSE REIMBURSED UNDER THE IRP. INDIVIDUAL MORTGAGE
      RATES ARE DETERMINED ON THE RISK PROFILE OF EACH MEMBER, ENHANCED
      BY THAT MEMBER S PARTICIPATION IN THE CDCB PROGRAM. THESE
      CONSIDERATIONS GENERALLY ENSURE THAT MEMBERS RECEIVE THE VERY
      LOWEST RATE AVAILABLE ON A FULL-FEATURE MORTGAGE. AS AN ADDED
      BONUS, FOR A LIMITED TIME, DEFENCE COMMUNITY MEMBERS WHO QUALIFY
      FOR THE IRP WILL HAVE THE POSSIBILITY OF RECEIVING AN AIRMILES BONUS.
      MEMBERS NEED ONLY FOLLOW THE INSTRUCTIONS IN THEIR RELOCATION
      PACKAGE AND GO TO A BMO BRANCH TO DISCUSS THEIR MORTGAGE AND
      BANKING NEEDS THROUGH THE CDCB PROGRAM
   4. MANY MORE ENHANCEMENTS HAVE BEEN ADDED TO THE CDCB PROGRAM,
      INCLUDING SIGNIFICANT FEE REDUCTIONS TO THE POPULAR PERFORMANCE
      PLAN. THE CDCB PROGRAM PARTICIPANTS CAN NOW BENEFIT FROM
      UNLIMITED BANKING FOR ONLY 5.45 PER MONTH, WITH THE FIRST TWO
      MONTHS FREE OF CHARGE. THIS IS A SAVINGS OF 8.50 OFF THE REGULAR
      PRICE OF 13.95 PER MONTH
   5. ADDITIONAL CHANGES INCLUDE ACCESS TO U.S. BANKING AND EXPANDED
      BENEFITS TO THE STUDENT/YOUTH PLAN. FINALLY, IN RECOGNITION OF THE
      ROLE PAST MEMBERS HAVE PLAYED IN SUPPORTING THE DEPARTMENT OVER
      THE YEARS, THE CDCB HAS ALSO ADDED A SENIOR PLAN THAT ALLOWS
      FORMER CF MEMBERS AGED 60 AND OVER TO ENJOY NO-FEE BANKING WITH
      UNLIMITED MONTHLY TRANSACTIONS AND FEE REDUCTIONS FOR OTHER CDCB
      PROGRAM SERVICES. IN ADDITION, THE CDCB PROGRAM HAS BEEN EXPANDED
      TO INCLUDE A PREMIMUM PLAN WITH EXTRA FEATURES, INCLUDING
      DISCOUNTED FOREIGN EXCHANGE RATES WHICH MAY BE ADVANTAGEOUS TO
      MEMBERS ABROAD. THIS SERVICE IS OFFERED FOR 16.50 PER MONTH, WHICH
      IS A SAVINGS OF 8.50 OFF THE REGULAR MONTHLY PRICE OF 25.00 PER MONTH
   6. NEW INFORMATION PAMPHLETS OUTLINING THE VARIOUS PLANS AVAILABLE
      TO CDCB PARTICIPANTS HAVE BEEN SENT TO BASES, WINGS, AND UNITS FOR
      DISTRIBUTION. THEY WILL ALSO BE MADE AVAILABLE AT LOCAL CANEX
   LOCATIONS. IN THE MEANTIME, IF YOU WISH TO OBTAIN MORE INFORMATON
   ON CDCB, VISIT THE CDCB WEBSITE AT WWW.CDCB.CA OR GET IN TOUCH WITH
   A BMO REPRESENTATIVE AT A BRANCH NEAR YOU BY CALLING 1-866-548-7490
7. SIGNED BY MGEN W. SEMIANIW, CMP