Our Services
Fort Erie Credit Union
is pleased to offer a full range of services to its members. These
are the main services available to members:
Savings
Credit Union savings plans pay off in more ways than one! Our
savings plans pay off in three important ways: financial
flexibility, convenience, and good returns. Choose from a complete
range of savings plans designed to work for you.
Personal Chequing
A safe, convenient and organized way to track your expenditures.
Monthly statements include cancelled cheques. Overdraft protection
is available on approval. Passbooks are available for all personal
chequing account types.
Two popular accounts are:
RRSPs
Real benefits, personal service, and a secure investment at
competitive rates. Both fixed rate (minimum $500 deposit) and
variable rate (no minimum deposit) are offered. Deposits can be made
conveniently through payroll deductions for board employees.
RRIFs
Security, flexibility and control. Set the payment amount that's
convenient for you (monthly, quarterly, semi-annually or annually).
Lump sum payments are also available.
Term Deposits
The interest rates that are paid on credit union term deposits can
help you realize your savings goals sooner. Members wishing to
receive a guaranteed return may purchase a term deposit in periods
from 30 days to 5 years. Minimum deposit amount is $1,000.
Index-Linked Term Deposits
A safe risk for conservative investors. Performance is geared to the
Toronto 60 Index and you get a guaranteed return of principal. RRSP
eligible. Ethical Mutual Funds will be offered through QTrade.
Ethical Funds Mutual Funds
Professional management and simple access to high performance
potential. You choose the risk/return level. Available through our
licensed sales representatives. This investment is RRSP eligible as
well.
Lending
Service is an important consideration with any loan. Our loans staff
are trained professionals ready to provide confidential prompt,
helpful and personal service on loan applications and other
important financial questions. Your credit union's lending program
offers great service and competitive features which include:
- attractive rates
- payroll deduction payments
- payments tailored to your pay period
- maximum 60 month term
- commercial lending (maximum 72 months)
Personal Loans
Each member may apply to borrow up to the credit union by-laws
limits for any constructive purpose. Life insurance is optional for
qualified borrowers up to age 65 (and to a co-signing spouse if
applicable) through Credit Union Insurance Services (CUIS). Other features include:
- fully open, no prepayment penalties
- simple interest: you pay only on the amount you owe, for the
time you owe it
- low cost disability insurance is available through CUIS
Mortgage Loans
Mortgage products include: MERITline Home Equity Line of Credit, 1st
and 2nd conventional and CMHC insured mortgages. Open, closed and
variable rate mortgages are available. Up to 20% of the principal
balance may be prepaid once a year and payments can be doubled on
any and every payment date. There are no renewal fees and optional
life insurance is available.
Automated Teller Machines
We have two conveniently located ATMs in Fort Erie, Ontario.
There is a drive-up at 1201 Garrison Road, and a lobby unit in the
heart of the old down town, at 201 Jarvis Street, across from the
court house. Both of these machines offer full service to our
membership. Non-members may use these machines for cash dispensing on
the Interac, Plus, AccuLink-ICU and Exchange networks.
Internet Banking
MemberDirect™ offers security and the convenience of banking on any PC with
internet access.
Telephone Banking (call 905.994.6122 locally or 1.888.289.8885
anywhere in North
America)
Keep track of your accounts at your convenience!
We offer a telephone banking service.
It's automated and can be accessed through a touch-tone telephone 24
hours a day, 7 days a week. With telephone banking, you can perform
financial transactions and obtain information all from the privacy
and comfort of your own phone. Best of all, telephone banking is free!
Here are some of the things you can do with telephone banking:
- obtain account balances and perform statement inquiries;
- transfer funds to another account type, order a cheque
withdrawal, open or renew a term deposit;
- get the latest interest rates or credit union messages;
Call the Credit Union to make sure that
your accounts can be activated for this telephone banking service.
We'll be pleased to tell you everything you need to know and get you
up and running in no time!
Using telephone banking is easy. All you need
is your account number, a security code and a touch-tone telephone
and you'll be able to perform financial transactions and get
information at your convenience. Activate telephone banking today!
Payroll Deductions
Please talk to us about setting up payroll deductions.
Direct Deposits
Members can have their entire pay electronically deposited to the
credit union. Forms are available at your workplace personnel
department or credit union. Many members have government payments
such as Family Allowance or OAS directly deposited.
Deposits Are Fully Insured
All member share, deposit and chequing accounts are fully insured
with the Deposit Insurance Corporation of Ontario to a maximum of
$100,000. Funds deposited under RRSPs and RRIFs are also fully
insured up to $100,000 per contract.
Qtrade Investor
Qtrade Investor offers members quick and easy access to a wealth of
investing resources, including free real-time quotes, advanced
charting, news, research and more. By opening a cash, margin, RSP or
RIF account you will be able to access a full range of investment
choices, including stocks, bonds, mutual funds, options and money
market instruments at competitive rates, all delivered with superior
customer service.
To learn more or to open an account,
click here »
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