As the RRSP contribution deadline nears, the choice between Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs) becomes an important consideration. Let's look at these options and delve into a detailed comparison to help you make a well-informed decision. Both TFSAs and RRSPs offer tax advantages that can help you achieve your savings goals. If…
Financial Literacy
This page is your go-to resource for practical advice, helpful tips, and expert insights to make managing your money easier. Whether you’re looking to save, invest, or simply understand your options, we’re here to help you build confidence and achieve your financial goals—one step at a time.


Confronting Debt Head-On: A Guide to Debt Consolidation
Debt can feel like a weight pressing down on every aspect of our lives, casting a shadow over our aspirations and limiting our financial freedom. Whether it's student loans, credit card debt, or multiple outstanding loans, the burden of repayments and varying interest rates can be overwhelming. Debt consolidation is one way that you…

Money on Your Mind? Let’s Talk About It!
Why We Should Talk About Money Money is a topic that often feels off-limits. Many of us grew up in households where discussing finances was seen as impolite or too personal, which has created a lingering social stigma around talking about money. Yet, breaking this taboo is essential for financial well-being and literacy. Why Money…

October is Cyber Security Awareness Month
Cyber security is always a priority, but October’s Cyber Security Awareness Month offers a great opportunity to deepen our understanding of fraud prevention and refresh our online safety skills. At OCU, we are committed to protecting our members’ financial security. This October, we’re joining the global effort to raise awareness about cyber threats and…

First Home Savings Account: What you Need to Know
At OCU, we understand that buying your first home is one of the most significant milestones in your life. To help you achieve this dream, we're excited to offer the First Home Savings Account (FHSA), a powerful tool designed to make saving for your first home easier and more rewarding. Let's dive into some…

Empowering Youth Through Financial Literacy
If you tuned in to a recent radio interview between Brock Jackson and Greg Sol from OCU, you might have caught wind of an important conversation: the significance of financial education for young people. As the dust settles on B.C. Youth Week, the focus shifts from celebration to a more sobering reality — the need…

Teaching Youth Online Safety in Banking and Finance
In today’s digital age, children are growing up surrounded by technology, making it essential for parents to teach them about online safety from an early age. When it comes to banking and finances, instilling good habits and awareness about online security is crucial for safeguarding their financial future. OCU is dedicated to our members' financial…

March is Fraud Prevention Month
Fraud Prevention Month is a month-long campaign in March to raise awareness about different types of fraud, how to recognize them, and how to prevent becoming a victim of fraud. Throughout the month of March, OCU will be joining other organizations, government agencies, and law enforcement bodies to provide education and resources to the public…

Enjoying a Stress-Free Family Day: Tips from OCU
Family Day is approaching fast, and with it comes the opportunity to cherish quality time with our loved ones. In a recent interview with Bounce Radio's Brock Jackson, Roxanne Davyduke, Chief Operating Officer (COO) at OCU, shared insights on how families can enjoy stress-free moments together without worrying about finances. LISTEN TO THE INTERVIEW…

Financial Resolution Tips
Navigating Financial Resolutions: Insights from Our Credit Union's CEO As we usher in the New Year, many of us find ourselves reflecting on the past and setting resolutions for the future. In a recent radio interview with our credit union's CEO, Greg, he shared valuable insights into the financial resolutions individuals are making and provided…