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 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…
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…
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…
No one has told you that having a baby is super inexpensive, and if they did, they are definitely telling you that as a joke. The average cost to raise a child to the age of eighteen in Canada is the not at all small sum of $243,660. This amounts to about $13,500 per year (and…
Worried about outliving your money? With different budgeting methods, you can avoid outliving your personal finances. Our credit union offers an array of services that can help you execute different budgeting methods and subsequently have enough monies to live comfortably now, and during your golden years. Trust us when we say, you’re not alone in…
A savings account is a great place to keep cash that you don’t plan to spend immediately. These accounts keep your money safe and accessible while paying you interest, but there are several different types of savings accounts to choose from. Each option has different features, so it’s important to understand what's available. Osoyoos Credit…
Osoyoos Credit Union (OCU) is excited to announce the opening of their second location in October 2019. It will be the credit union’s first-ever expansion. The credit union’s second location will be in Rock Creek, B.C. OCU will fill a longstanding need of the Rock Creek community, as it has been 90 years since the…
Our dedicated and professional team at Osoyoos Credit Union has a strong sense of fraud risk awareness, and we want our members to develop this awareness as well. The more knowledge that everyone has—the better. Fraud Risk Awareness: Tips for Avoiding Fraud Fraudsters will stop at nothing to get your personal information and card data.…
Whether you’re purchasing your first home or your fifth, one of the best ways to increase your equity is by purchasing a home that needs some TLC. Updating and renovating a home can increase your home’s value far beyond your mortgage. However, many prospective home buyers have a hard time budgeting for a house and…