It’s always a good time to set some financial goals and we can help that happen. The financial Consumer Agency of Canada (FCAC) recently reported that, from a recent survey of financial well-being in Canada, Canadians who practice active saving behaviours have much higher resilience as well as higher levels of financial well-being. Captain Obvious…
TFSA vs RSP: What’s Best For You?
As a new generation of Canadians begins dealing with the tricky field of finances, a common question we hear is “What kind of account should I have?” At Encompass Credit Union, we have a wide array of plans and programs for money-savvy Canadians and the most popular are TFSA and RSP accounts. Here are the…
Why is Contributing to a Registered Retirement Savings Plan Still Important?
While the decision to use a Registered Retirement Savings Plan (RRSP) has been made more complicated over the last ten years by the popularity of the Tax-Free Savings Plan (TFSA), it is still an important savings tool. The TFSA allows an individual to contribute after-tax dollars into an investment and withdraw funds with no tax…
Tips to Help Protect You From Fraud
Even with new technologies and a reduction in debit card and credit card fraud, it’s still important to take steps to protect yourself from fraud. Thousands of Albertans and Canadians are victims to fraud and lose millions of dollars to fraudsters, and yet, only 5% of fraud is reported. The impact of fraud can be…
How Consolidation Loans Can Help You Manage Your Debt
Between your home, your family, and the surprises of life, balancing your family’s budget can be a hard task even at the best of times. However, failure to properly repay expenses can have serious long term consequences when your debts grow larger and potentially lead to bankruptcy. Retake control of your life and your credit…
Why Did Stock Markets Decrease Early in October 2018?
Global equity markets experienced volatility not seen since the beginning of February (2018). The most significant losses happened on Wednesday, October 12th with the S&P 500 decreasing 3.3%, the Dow Jones 3.1% and the NASDAQ 4.1%. Canadian markets were also affected with the TSX dropping 2.1% on that same day. There were several reasons that…
It’s Time to Change Your Passwords
A new year can bring plenty of interesting new things, like ignoring our resolutions and losing our gym membership in the first week. The New Year can also be a good reminder to put fresh batteries in the smoke detector and change your passwords. Most people hate changing passwords but it is a necessary evil….
What are the Important Factors in Determining Risk Tolerance?
The accuracy of risk tolerance is important at all times when it comes to investing. It is even more important during market volatility. Some investors could lose a lot of sleep at night during market volatility if their investments were higher risk than they expected. When an investor is working with a financial advisor in…
Top 3 Myths Debunked About Interac Flash Technology
Over the last number of years, we have seen numerous types of frauds come and go, and they go where the picking is easier for low-hanging fruit. With the advancement in technology when it comes to debit and credit cards, especially cards with the ‘tap’ feature called Flash, there are some prevailing myths about this…
How to Open a Bank Account Online at Encompass Credit Union
“Time is money”, or so the old saying goes. At Encompass Credit Union, we couldn’t agree more because we have the utmost respect for your time. We understand that you might be busy managing your business, taking care of your family, or just enjoying your life. Although we like talking to you in person, sometimes…
