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…
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…
Without a doubt this year’s Black Friday sales will be looking a little different, perhaps with a smaller budget playing a large role. Some homes may be a bit limited in spending habits, especially with Christmas around the corner. This year, families may have to budget or strategize their spending. So, how can one make…
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…
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…