To answer a question with a question: who needs continuing income in the case they are unable to work due to a severe disability or illness? The answer to this question is: almost everyone! Disability insurance can help protect you and your family from an unexpected illness or accident that leaves you unable to work…
Category: Products & Services
Why You Should Stop Putting Off Home Renovations
Spring is the season of newness when everything is blooming and feels fresh. While spring cleaning can be a great way to revive your home, sometimes renovations are in order. If you’ve been putting off your home renovations for one reason or another, here are a few reasons you should make 2019 the year for…
So You Want to Buy a Home, Now What?
Buying your first home is an exciting time for many young people and couples, but it can also be a stressful and uncertain period. If you’re planning on buying a home in the near future, here are a few factors you should consider based on your time frame. Buying a Home Within 5 Years If…
Be Fraud Smart – Use Alerts
For years, you’ve been told to protect your credit cards or debit cards and protect your PIN. It’s still good advice to keep your personal code your own, and your card firmly in your possession. Financial institutions are less likely to guarantee your funds if you share your PIN or card freely, even with family…
What are the Benefits of Purchasing a Mutual Fund?
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…
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…
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…
