Born and raised in the Wallaceburg area, I always knew that I would return to my hometown.  Having graduated from Petrolia High School with a keen interest in Business studies, I was drawn to the Business Co-op Program at Niagara College. There, I studied Business Management with a focus on Human Resources. After my studies were completed, I followed the love of my life, Nicole, to Ottawa and was hired at Jack Fraser Menswear where I soon became Manager. After 3 very successful years with the company, new challenges awaited me and I joined TD Waterhouse as a Financial Representative.

I obtained my Canadian Securities Course and was well on my way.  With the crash of the tech stocks, my job became a lot less in demand and I was on the move again this time ending up in Scotland with Nicole as she pursued her studies. Upon completion of her studies, we decided to head back to Wallaceburg and start our lives together in our hometown. My career path from there has taken many turns along the way, and with each new challenge came a great learning opportunity.  Most importantly, it led me to my current role with Southwest Regional Credit Union. 

Elanor VanLandeghem is retiring after 38 years

It has been my pleasure to work in the credit union system for the past 38 years. You have become my second family.  My husband and sons would say you are the lucky side of the family because you don’t have to try to eat my burnt cookies and my burnt dinner rolls. 

What I had applied for 38 years ago, was the position of filling in for the Manager of  Our Lady of Help Parish Credit Union. When Art Thibideau informed me I had the job, 

Whether you’re forking out money for tuition, housing costs, or various other added expenses, savings can be sparse when you’re a student. Living on a student budget can be pretty tough – but there are little things you can do to keep more money in your pocket. 

Home renovations are smart investments for a variety of reasons.  It is an investment in the long-term value of your home, it creates economic activity (increases demand for labour, building materials and other goods), it can reduce energy consumption and reduce the long term cost of owning a home.  

For a limited time, the Home Renovation Tax Credit (HRTC) will apply to eligible home renovation expenditures for work performed, or goods acquired between Janaury 27, 2009 and February 1, 2010.  This is a temporary credit that will provide Canadians the incentive to undertake new renovations or accelerate planned projects.

On June 3, 2009 Southwest Regional Credit Union Ltd. celebrated the start of construction on the new Wallaceburg branch located at 57 McNaughton with a sod-turning ceremony.  Construction has started and is expected to be completed in January 2010.  The new branch will feature a drive-through automatic teller machine, a first for Wallaceburg.

Everyone has been impacted by the current financial crisis. Financial markets continue to slide in reverse, consumer demand both domestic and globally remains weak and rates continue to fall in an effort to simulate the economy. Many financial institutions, including Credit Unions, are not immune to the economic climate. Most financial institutions are financially strong and they will weather the storm reasonable well but they will need to address certain issues, most notably will be financial margin. Financial margin is defined as the difference between the member's borrowing costs and what the financial pays it depositors for their deposits so that they in turn can lend money out to their borrowers. The profit is used to pay expenses and build reserves.

Borrowing rates are primarily determined by the Bank of Canada Prime ate. Governments have been lowering this rate in an effort to stimulate consumer spending. The current Bank of Canada Prime Rate is 2.5%. This is a record low.

The March/April/May 2006 Series is maturing on June 10, 2009. Southwest Credit Union has hedged a total of $261,207.95 in sales.

We are pleased to inform you that the final return on this series is 12.2980% which translates to an annual rate of return of 3.94%. We will be credited on our account with $32,123.35 on June 10, 2009.

The March/April/May 2004 Series is maturing on June 10, 2009. Southwest Credit Union has hedged a total of $28,927.46 in sales.

We are pleased to inform you that the final return on this series is 64.5500% which translates to an annual rate of return of 10.47%. We will be credited on our account with $18,672.68 on June 10, 2009.

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