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Introducing the Wallaceburg New Branch Manager- Travis Hooper!

nospam@example.com (Money Guy) — Tue, 15 Dec 2009 10:54:26 -0600

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.

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What’s Happening in Wallaceburg

nospam@example.com (Money Guy) — Tue, 15 Dec 2009 10:29:13 -0600

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,

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Savings & Budgeting

nospam@example.com (Money Guy) — Tue, 03 Nov 2009 14:25:38 -0600

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.

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Canada’s Economic Action Plan: Home Improvement Tax Credit

nospam@example.com (Money Guy) — Thu, 08 Oct 2009 08:50:14 -0500

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.

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Construction has started on the Wallaceburg Branch.

nospam@example.com (Money Guy) — Thu, 24 Sep 2009 10:08:15 -0500

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.

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Debit/Credit Card Fraud

nospam@example.com (Money Guy) — Thu, 24 Sep 2009 09:46:40 -0500

Canadians are increasing their use of debit cards both for ATM transactions and point of sale transactions (POS). While most of the time these transactions are completed without any problems, there has been a growing number of debit card frauds in recent years. Taking steps to protect your debit card and PIN (Personal Identification Number) will help reduce your risk of being a victim of fraud
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Southwest Regional's Investment Update

nospam@example.com (Money Guy) — Tue, 18 Aug 2009 11:18:40 -0500

Wouldn't it be nice if we all had a crystal ball to predict the future of the markets- to know exactly where to put our money and when. Instead, recent market turbulence has us weighing our investment options more than ever.

On the one hand, there's the ever dependable term deposits and savings accounts to invest into, guaranteeing principal but offering perhaps a lower interest rate than we're all after. On the other hand, there's the allure of mutual funds and the stock market, touting the potential for higher returns but also the risk of losing the money we started out with. Why not have the best of both worlds?

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Southwest Regional Economic Update

nospam@example.com (Money Guy) — Mon, 10 Aug 2009 08:41:26 -0500

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.

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3 Year S&P/TSX 60 Index Linked Term Deposit Update

nospam@example.com (Money Guy) — Tue, 04 Aug 2009 11:04:53 -0500

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.

5 Year S&P/TSX 60 Index Linked Term Deposit Update

nospam@example.com (Money Guy) — Tue, 04 Aug 2009 10:41:52 -0500

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.

Southwest Supports Our Troops

nospam@example.com (Money Guy) — Wed, 22 Jul 2009 10:40:31 -0500

Click here to check out how Southwest Credit Union is supporting our troops overseas!

Money Guy Now on Facebook

nospam@example.com (Money Guy) — Wed, 08 Jul 2009 13:18:52 -0500

Yes! We are now on Facebook!
Click on the "Find us on Facebook" logo and you'll be on your way to
The Money Guy Vault and don't forget to become a fan!

The History of Southwest

nospam@example.com (Money Guy) — Thu, 23 Oct 2008 15:01:00 -0500

The History of Southwest Regional Credit Union Ltd.

Southwest Regional Credit Union Ltd.’s origins date back to May 1939 with its first members being individuals belonging to small church group in Moore Township. The Credit Union began with 13 members with share capital of $12.61 and an office that operated out of the Moore Center Hall in the Township of Moore. Within a short period of time, the office was moved to a Hatchery in Brigden and arrangements were made to receive deposits and loan payments within various communities of Moore Township. The Royal Credit Union, as it was named then, had its first Annual Meeting in January 1940.

During 1940, membership grew to 42 members and share capital of $544.77 was established. In late 1940, the Credit Union was given its Charter from the Provincial Government and the name of the Credit Union was changed to Moore Credit Union.

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nospam@example.com (Money Guy) — Wed, 01 Oct 2008 14:58:00 -0500