Make the journey from a number to an owner.

A credit Union is a financial co-operative that is owned and democratically directed by its members. That is why we don’t have customers; we have member-owners. And, unlike traditional banks, we have no profit mandate.  Your Credit Union exists to meet the needs of our member-owners, not to make money from them. This is why Your Credit Union can offer lower fees, better rates of return and unparalleled service.


A better way to bank:

Credit Unions…

Traditional Banks…

Reinvest profits in lower fees for members earn profit for themselves and their shareholders
treat their members as owners who have an equal stake in its success treat their customers as a source of revenue
have a mandate to control costs and keep fees as low as possible have a mandate to make as much money as they can
have highly experienced personnel who tend to stay in their branch have highly experienced personnel who move frequently
devise solutions for their members based on a personal relationship, a deep understanding of their needs and a willingness to look beyond credit scores for innovative answers devise solutions for their customers based on credit scores, their relative value as a customer and the pre-packaged products they have available to sell.

Profits with a higher purpose

Your Credit Union invests a portion of profits every year into improving the quality of life for people in the communities we serve.  These initiatives are directed and supported by our member-owners who give both their time and their financial support to these important efforts. Our member-owners take pride in being part of an organization that is committed to helping others throughprograms like these:

Swing for a Cure in aid of ALS Canada

Your Credit Union is the title sponsor of an annual golf tournament and ice bucket challenge that raises money the ALS Canada, the organization that provides assistance and conducts research to aid suffers of ALS (Lou Gherig’s disease).

The Cornwall Addiction And Mental Health Clinic

Your Credit Union offered to match donations towards the new Addiction and Mental Health Clinic developed by the Cornwall Community Hospital. Your Credit Union pledged to match donations up to $10,000 and their members actually contributed a total of $40,000 for the new facility.

Ontario Co-operative Young Leaders Camp

Every year Your Credit Union sponsors teens between 14 and 18 years of age to attend the Ontario Co-operative Young Leaders Camp. This week-long initiative brings young people from all across Ontario. CYLers learn about, and practice, communicationand leadership through co-operative activities, and facilitates further engagement in their co-ops and their communities when they return home.

Credit Unions are Better on Principle

Your Credit Union adheres to the guiding principles of the International Co-operative movement.


1. Voluntary and Open Membership
Open to all persons without gender, social, racial, political or religious discrimination.


2. Democratic Member Control
All members have an equal vote in the direction of the co-operative


3. Member Economic Participation
Members contribute equitably to, and democratically control, the capital of their co-operative.


4. Autonomy and Independence
Co-operatives are autonomous, self-help organizations controlled by their members.


5. Education, Training and Information
Co-operatives provide education and training for their members, elected representatives, managers, and employees so they can contribute
effectively to the development of their co-operatives.


6. Co-operation among Co-operatives
Co-operatives serve their members most effectively and strengthen the co-operative movement by working together through local, national,
regional and international structures.


7. Concern for Community
Co-operatives work for the sustainable development of their communities through policies approved by their members.

 

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