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…
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. However, there's a solution that can streamline…
Pictured: The Mt. Baldy Alpine Club received a Community Giving Grant for $3,200. OCU Awards $24,800 in Grants to Local Groups November 21, 2024: Osoyoos Credit Union (OCU) is proud to announce $24,000 in grants awarded to 11 local groups through its Community Giving Fund. This year’s grants will support projects that enhance quality of…
At OCU, we're passionate about helping our members lead simpler, greener lives, which is why we're excited to promote e-statements! Why should you switch to e-statements? It's Free: Say goodbye to the costs associated with printing and mailing paper statements. By opting for e-statements, you save money. It's Better for the Environment: Going digital reduces…
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 24, 2024 - OCU is proud to announce that, thanks to the dedication and hard work of its staff, $923 was raised from the recent bake sale held during International Credit Union Day. OCU has topped up the amount, bringing the total to $1,000, which will be presented to the South Okanagan Similkameen Medical…
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…
When choosing a mortgage, understanding how flexible terms can benefit you is key. A flexible mortgage allows you to adjust your payment schedule, access home equity when needed, and adapt to changes in your financial situation. This type of mortgage gives you the freedom to manage your loan according to your life’s evolving needs,…
As summer comes to a close and Labour Day signals the unofficial start of fall, many of us at OCU recognize the common financial concerns that arise this time of year. With back-to-school shopping behind us and students heading off to college, it's easy to feel the financial strain. The start of fall is…
At OCU, we understand that home renovations are exciting but can also be overwhelming when it comes to financing. Recently, Roxanne Davyduke, OCU's Chief Operating Officer, shared some great insights on Bounce Radio about the various financing options available for homeowners looking to renovate. Listen to the interview here. Roxanne began by addressing one of…