Commercial properties and business ownership often go hand-in-hand. Chances are, if you are a limited or incorporated business, you’ll likely require financial assistance in order to purchase commercial property. This means that you will likely have to get a commercial mortgage and it’s important to understand exactly what a commercial mortgage entails so you can…
It comes as no surprise that Osoyoos is a great place to visit all year round but getting outdoors in the wintertime provides residents and visitors alike with lots of fun activities to help beat the chill of the colder months. Whether you are looking to get outside and spend some time in nature, or…
The Financial Consumer Agency of Canada (FCAC) recently released the federal government's 5-year plan to improve financial literacy for Canadians. The plan includes creating financial literacy and wellness for all ages, as well as, support for increased digital access and literacy. Teaching your youth about financial literacy is essential to help prepare them for long-term…
Whether you run your own business out of your home or work out of an office, small business banking provides a tailored online banking solution for business owners with less than 20 employees. It is designed to move business owners beyond retail banking to manage their business and personal finances with minimal administration and unnecessary…
Fall in Osoyoos is stunning when the leaves change colour and the crisp air sets in. The weather isn’t too hot or too cold, and flannel is the preferred choice for outerwear. As October begins, take advantage of the fantastic colours and fall feels by checking out some of Osoyoos’s autumn activities. Live Music Sundays…
Truth be told, conventional financial institutions like banks can't match every financial need for everyone. This is where credit unions come in. A credit union provides a wide range of services you would also find in a bank, and then some, including helpful financial advice. Osoyoos Credit Union (OCU) is a reliable and locally-owned and…
Thank you to all the first responders & volunteers who have worked and are currently working to support our communities. OCU will match member donations to the BC/Yukon Red Cross to help with wildfire relief (up to $5k). Right now donations are also being matched by the BC government until Dec 31. Please email or…
Do you own a small business? Are you looking to open a small shop or store? Generally, a limited or incorporated company requires a bit of money in order to put an open sign up. The best way to get the funds needed is to talk to a financial advisor about a commercial mortgage. A…
Applying for a mortgage and buying a new home is exciting and scary all at the same time! There are many angles to a mortgage, some of which have penalties if addressed, and others might be opportunities. Some penalties might include not keeping in mind your credit score, whereas entirely using your first-time homebuyers could…
While there are a lot of big purchases you’ll make in your life, it’s highly likely that buying a home will be the biggest one. It’s also just as likely that you can’t just pay it all off in one go, so naturally, you’ll need to borrow money through a mortgage. All mortgages have interest…
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