An RRSP at CCEC is investing in you and in your community.
Contribute monthly and make more money. Start an RRSP automatic transfer. The earlier the funds are deposited, the sooner the funds start earning the tax sheltered income.
Finding it hard to keep in shape?
Being financially fit is easy at CCEC when we set automatic transfers from your chequing or savings account to your RRSP. Ease your pain by contributing monthly to your RRSP.
Your contribution can be to an RRSP in your own name, your common law partner’s name (regardless of sex), or your spouse’s name. If one spouse will be in a higher tax bracket in retirement, it may be beneficial to have the RRSP funds held by the spouse who will be in the lower tax bracket when the funds are withdrawn.
To get started, we offer automatic transfers from chequing or savings accounts to RRSP’s. The automatic transfer can be set up for as little as $20.00 weekly/bi-weekly/or monthly (e.g. set up the transfer for paydays). Note: to start a new RRSP contract requires an initial investment of $500.00.
It’s as easy as a visit to the branch to start up your RRSP, a step that could improve your peace of mind and quality of life down the road. It does take commitment: funds withdrawn too early never truly benefit from the tax sheltered compounding factor available in RRSP’s.
For added convenience we can transfer your existing RRSP balances from other financial institutions to CCEC Credit Union as the RRSP products mature. This way you can easily keep track of your investment on your CCEC Credit Union monthly statement.
Benefit from the basics - Stop by CCEC Credit Union for your own copy of Understanding the Basics, a free booklet which provides understandable information on RRSP’s and retirement income options.
NOW... No Fuss, No Muss! READVANCEABLE RRSP LOANS
Are you rushing in at the last minute to sign loan forms at RRSP time? You might want to consider a Readvanceable Loan from CCEC!
Readvanceable loans give you the convenience of qualifying for a maximum loan just once and receiving loan funds when you need it just by sending us a letter or fax. No more applying for a new loan every year, and rushing in and signing forms.
The application process is simple - just complete a personal loan short form application and fax or bring it into the credit union along with confirmation of your income. We will then qualify you for the largest loan amount possible and then all you need to do is call us with the amount you wish to borrow.
Need more info? Email our Personal Loans Officer, Atilio!