There is no doubt about it. Managing your financial fitness plays a large role in our day to day life. To manage your financial fitness is to have the ability to look after all expenses without the worry of debt or financial crisis. Financial Fitness doesn’t just include paying the bills; it also includes…
It has been a few months since we updated you about COVID-19 measures in place at Osoyoos Credit Union and how we can help. So, here goes: Osoyoos Credit Union COVID-19 Measures The strict hygiene and social distancing measures we put in place to keep our team and our members safe remain in place. But,…
Financial planning means planning for your future. And while you’ve likely got endless plans for your future, the coronavirus pandemic we’re in the middle of has really shed light on the need for you to plan for unexpected illnesses – as well as all the fun you’ll have when you retire. It’s not fun to…
Credit card debt can quickly get out of hand. High interest rates cause your balance to grow while paying fees across multiple banks adds unnecessary financial strain. The good news is that consolidating your credit card debt can save you time and money. What does it mean to consolidate your credit card debt? Consolidating debt…
The Federal Government quickly implemented a host of subsidies, payments, accounts, and benefits designed to stimulate the economy and keep businesses afloat during the COVID-19 pandemic. CEWS and CEBA (which we previously covered) are two measures that have been brought in for businesses. What is the CEWS? The Canada Emergency Wage Subsidy is a subsidy…
The Canada Emergency Business Account (CEBA) offers relief measures for small Canadian businesses. It is designed to provide additional capital to small businesses to see them through the current economic disruption and uncertainty caused by the COVID-19 pandemic. You can read more about the CEBA on the Federal Government web page. Eligibility Criteria for the…
A sad reality is that there are people who will attempt to take advantage of people during times of uncertainty and fear. We wish it wasn’t so, but it is. Right now, there are cybersecurity scams circulating the internet targeting people who want information about COVID-19. We want to help you protect yourself against them.…
The CRA has partnered with eligible financial institutions to make receiving the Canadian Emergency Response Benefit easier for you. We're one of them! So, all our members are able to quickly and easily sign up to receive payments straight into your OCU account via secure direct deposits. Before we outline the process, we want to…
Hi Everyone, There are so many new things to think about with all the changes happening in our community, country and the world. New ways of shopping, eating and certainly banking. In the past few weeks, we have had to make incredible adjustments to our normal way of doing things to make sure that staff…
At Osoyoos Credit Union, we say together, we’re better. The current crisis has already caused financial stress for many of us. Unfortunately, it looks set to continue in the near future. We value you. So we thought we’d lay out some of our best tips for budgeting and planning during the COVID-19 crisis. Budgeting during…
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