| Port Hood Credit Union -newsletter #3 Fall 2002 'Where to start' -Here it is time for another Newsletter.So much has happened since our last newsletter. A New Board of Directors, excellant growth for the year. Assets growing. A very successful year with our ATM machine. Membership has grown to 1463; Whew! And now Amalgamation. | -Your 2002 Board of Directors
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| Amalgamation:- As you are all aware, the Port Hood Credit Union Limited will become part of the East Coast Credit Union Ltd on January 1st 2003 | 'RRSP season'-is just around the corner, Port Hood Credit Union now administers our own RRSPs. Saving us borrowing costs |
| How would this affect me as a member? --------------------------------------- Your current loan obligations and term deposit commitments would not change. You would continue to be served at your current credit union location. You would continue to be represented by a board of directors with participation from each local credit union. Products and services would be standardized and expanded. Some staff would be given new responsibilities, but for the most part, you would continue to be serviced by the staff you already know. You may need to change your member account number, but we would make this transition as easy for you as possible. | 'Hours of Service Monday to Wednesday 9:30pm-4:30pm Thursday & Friday 9:30pm to 5:30pm ~~~~~~~~ -Building has a new look with the plexiglasss windbreak on both sides of the main entrance. ATM-Feedback on our Automated Cash Dispensor Machine has been excellant. Note:- our ATM will accept All Cards with the Interact & Plus Logos! Both Members and Non-Members |
| 'An alternative choice.... Why not Join our Credit Union? Port Hood Credit Union offers the people of Port Hood an alternative to the major banks. As a locally owned, staffed, and managed full-service financial institution, our focus is our members and community. Already more than 1450 people put their trust- and their savings and investments-in our Credit Union. These people, who are members, help shape the policies, decisions, and directions of the credit union. That means that decisions are made right here, not at a head office thousands of kilometres away. At Port Hood Credit Union, we take pride in offering a wide range of products and services at competitive rates. Offering more convenient hours of business than our competitors!. So if you, or someone you know, would like to learn about us, just drop by or call the Credit Union. ~~~~~~~ |
-'Cyber members' :-Guess What!! 'On Line Banking' [now available,
come on in and sign up!
We now have a second Port Hood Credit Union-on the Internet!
'On Line Banking', 'Member Direct'-call for information
-visit our web page www.geocities.com/porthoodcu
~~~~~~~~~~ -'Port Hood Development |
| -Financial Consultant "-we now have a Financial Planner, to be shared between the five area Credit Unions.For appointments call Mr.Robert MacNamara, thru the Credit Union or his Inverness office [258-2960]. This is a member free Service. | -Sixty Free :-All members over 60 pay NO service charges. This has recently changed. If it affects you, please ask one of the Credit Union staff. |
| -Nova Scotia Credit Unions'- Your Credit Union Central of Nova Scotia represents 45 NS credit unions [at 100 branches]with more than 162,000 members and over 1 Billion in assets. One in Six Nova Scotians are Credit union Members.There are 800 Credit Union employees, and 405 Board Members.Overall Provincial CU growth was 3.7%, our growth was 17%, well above the average branch growth of 10.2%. | -Fridays are our Casual Days'-where staff dress casual and donate to the local food bank. Monies from the sale of CU caps/etc. also goes to the Food bank. |
| -Fat Cats-'Elementary school savings plan'-[elementary to grade six] A local CU staff member every week visits the local elementary school students, collect deposits from the students, giving them an opportunity to deposit their savings in their very own credit union account. Teaching them how to fill out a deposit slip, how to save, how to count. Learn that it is important to be accountable and gives them some responsibilities handling their own money. Establishing a relationship with the students early and gives the CU a competive advantage-'investing in the future.' | -Member Care -we are focused on you-our members. our MISSION-create financial security for our members our Vision-be the best at serving our members! our Values-integrity,passion,humour,enthusiasm for change, relationships, continuous learning, social responsibility, people and support for the co-operative principles. |
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-Additions 2002-welcome to our new staff "Kelly MacEachern", who jumped in over Christmas when Dorothy MacDonald and Jessie MacLean were both off. Condolences to Jessie Maclean-for the loss of her sister [Ann Marie Moran]. Our heartfelt best wishes to Dorothy MacDonald for her husband Lawrence's continued recovery. For the 3rd year in a row we have been sponsors at the 'Celtic Golf Tournament' in Baddeck. As well we were one of the major sponsors of the Celtic Colours |