how can you avoid paying CMHC? - Thanks for the question Dillon The only way to avoid paying CMHC premiums is to put down 20% (or 25% depending on the lending institution) of the purchase price for your...... read more
At what age do you recommend starting a retirement savings plan? - As soon as you can!... read more
What is a Co-op and why should I care? - Co-ops are founded on a common idea – that people recognize what is best for them. They are founded with the understanding that people can work together to meet their own needs....... read more
Any Tips for students going on to post secondary education? - Going to school should give you more than just a specific job skill, it should teach you how to gather, understand, and apply knowledge, which includes financial knowledge. ...... read more
Are there advantages to becoming a credit union member? - Of course! Why belong to a credit union? Ever had one of those dreams where you're trying to get somewhere but stay stuck in one place? Banking at a traditional financial...... read more
What are the advantages of the Co-op Model and what do they offer today’s youth? - Co-operatives have a long and successful tradition in both Canada and around the world and have proven to be amazingly flexible in meeting a wide variety of needs. a) Co-ops...... read more
I was wondering how long information stays on your credit report? I had a credit issue a while back and it is still showing as a default on the credit report. I live in Canada and I hear that it is 6 years? Will it ever be cleaned for my report? Thanks - Good question, I am going to refer you to a document found on the Government of Canada, Financial Consumer Agency of Canada website,...... read more
How can I save for the unexpected? - Great question. This is a challenge for many people and especially for those in the position to borrow. These people figure that if they fall victim to a significant expense,...... read more
I'm getting married this summer, any suggestions to help us save for our future? - I asked our newest Financial Planner, Bradley, to help us out on this one. Here's what he said. -The summer always hosts the most weddings in a year. -Any life change,...... read more
What is the Financial Hike? - Your Hike starts with identifying your goals. Nelson & District Credit Union will create a personalized guidebook to help you reach them. Healthy, long-term strategies...... read more
