Spring 2016 - Williams Lake and District Credit Union

NEWS
SPRING EDITION 2016
ANNUAL GENERAL MEETING APRIL 25, 2016
Please attend Williams Lake and District Credit Union’s Annual General Meeting on Monday April 25,
2016 at 7:30 pm (registration starts at 7:00 pm) at the:
Pioneer Complex, Room 106
351 Hodgson Road, Williams Lake, BC
The Annual General Meeting offers all members a chance to hear about Credit Union activities in the
local community, to learn more about the day to day business of the Credit Union, and to interact
with members of the Board of Directors and management.
Guest Speaker: Williams Lake and District Credit Union is pleased to host Sandi Lachapelle, Family
Nurse Practitioner at the Williams Lake and District Credit Union Community Health Centre, who will
be providing information on the important health services offered by this Credit Union-supported
facility.
TECHNOLOGY UPGRADES COMING SOON!
Important information for our members
Implementation of a technology upgrade will begin on the afternoon of June 21, 2016 and complete
on June 23, 2016. During the upgrade period, all branches and ATMs will be closed, telephone
banking and MemberDirect online banking will be unavailable, and debit cards will not function.
Members are advised to store enough cash in a secure place to meet their needs through the
upgrade period. Credit cards will continue to function as usual. You can minimize any undesirable
effects of the upgrade period by doing the following:
• Plan Ahead — Make sure that any in-branch transactions
are completed on or before noon, Tuesday, June 21, 2016.
• Check your bill payment due dates — If they fall between
June 21 and June 24, you may want to pay them in advance
so that you don’t have to worry about having access to this
service during the upgrade period.
• Make sure you have cash and/or some personalized
cheques on hand for the upgrade period, and plan ahead
for larger purchases.
SHARE DIVIDENDS PAID
A basic requirement of Credit Union membership is the purchase of Equity Shares. Did you know that your
required 25 shares increase over time? Each year, the Credit Union uses a portion of its profits to pay share
dividends. For 2015, dividends in the amount of three percent (3%) were paid on the average quarterly
minimum balance of members’ equity share accounts. Dividends were paid on February 18, 2016 and will
appear on your monthly statement.
WEALTH MANAGEMENT UPDATE
Williams Lake and District Credit Union would like to welcome its new partner in wealth, Credential. We
have terminated our contract with our previous dealer HollisWealth. In 2013 Dundee, the back office
service provider for the Credit Union’s wealth management department, was bought out by the Bank
of Nova Scotia and renamed HollisWealth, prompting the Credit Union to explore options for switching
dealers. The impending retirement of advisor Jeanne-Anne Bentham at the end of 2015 provided the
opportunity to change dealers from HollisWealth to Credential. Credential offers the same products
members have come to value such as mutual funds, stocks, exchange-traded funds, etc. Our subsidiary
also offers life insurance. The Wealth Management team in Williams Lake has expanded to now include
Craig Glover, Financial Planning Professional, as well as Abigail King and Christina Roderus, Investment
Specialists. We would also like to welcome Investment Specialists Louise Mayes in 100 Mile House
and Steve Taylor in Bella Coola. A reminder to existing HollisWealth clients—if you haven’t moved your
accounts to Credential yet we are here to help!
Every member has different views on finances and our Wealth Management team can develop a
portfolio designed to accommodate individual members’ specific needs. Whether our clients are
accumulating wealth, investing a lump sum, or drawing on their life savings, the wealth management
team can help them understand and navigate the complexities of the financial world. We can help
clients find solutions to create tax-efficient, sustainable cash flow to meet their needs. Our main focus
is to bring clients peace of mind by creating a clear, actionable strategy that allows them to meet their
goals.
A few points of note from our Credential team:
- We would like to remind you that Tax Free Savings Account contributions for 2016 have been reduced to $5500 annually per individual.
- With the increase in market volatility, now is a great time to come in for a portfolio review.
- Financial plans are an important tool in wealth planning. Our Financial Planning Professional Craig Glover can help set you on the right path towards meeting all your current and future financial goals.
- You are never too young to start planning for your financial future! Even if you don’t have cash in hand today, come in and let us show you your options.
The Wealth Management team would like to thank all clients for their patience during the wealth
management services transition. We value you as members and look forward to continuing our
relationship with you.
WE’RE ON FACEBOOK!
Your Credit Union now has a Facebook page! Just type Williams Lake and District Credit Union
in the search bar of your Facebook account, and “Like” us to keep up to date on credit union
happenings in your community!
REFER A FRIEND PROGRAM
Congratulations to Bev Straza, the latest winner in our Refer a Friend
Program.
If you enjoy being a member of Williams Lake and District Credit Union
and think we provide great service, please consider recommending us
to your friends through our Refer a Friend Program.
If you refer a new adult member to us and that person subsequently
opens a share account and at least one other product or service offered
by the Credit Union or by Credential, you will earn a chance to win
either an iPad Mini or $500 cash.
Bev Straza is all smiles as she accepts
her prize from CEO Jim Zimmerman.
Want to get in on the action?
www.wldcu.com
1. Obtain a Member Referral Business Card from staff at any Williams Lake and District Credit Union branch.
2. Your referred friend must be new to Williams Lake and District Credit Union.
3. If your referred friend qualifies for membership and obtains the products noted above, your name
will be entered into the semi-annual draw to win your choice of an iPad Mini or $500 cash.
Printed on 30% post-consumer waste paper using vegetable based inks.