A mutual fund is a pooled investment that allows a large number of investors to purchase a portion of a fund, which is known as a unit. These assets collected from the investors are then used by a professional money manager to purchase stocks, bonds, and other types of securities. The mutual fund’s investment objective…
Month: February 2019
Why You Need Travel Insurance
At Encompass Credit Union, our team is proud to serve rural Albertans in eight locations. We love to chat with our clients, especially about everyone’s favourite topic this time of the year: The prairie winter. Yes, we know it’s too cold outside, and many of you are planning trips to escape the chilly weather. Whether…
Active Saving Can Help With Your Financial Well-Being
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…
