Sanford Credit Union

```` Products & Services

Sanford Credit Union provides a full range of products and services that will meet the needs of almost every member. We pride our-selves on having the latest in technology and electronic service delivery methods but we also make sure that we can provide the personal touch.

While our products and services are outlined below, please feel free to drop into either of our branches and have one of our friendly staff help you find the products and services that best meet your needs.

We feel our members are all special and unique but many do have similar needs. The following groupings may help you find the products that best meet your needs. Just "CLICK" on the heading to move to that product and service area.


Member Owned - Member Controlled
Credit Unions are financial cooperatives that are owned and controlled by their members. Each member has an equal ownership share in the credit union. At Sanford Credit Union that share is $25 and all members are required to buy the share to be a member, although we do make special considerations for our younger members. The share remains your money and is redeemable upon leaving the credit union.

For more on credit union shares, dividends, and patronage payments please go to our Member Share section.


Personal Account Services
Personal Accounts are for members between 18 and 55 that are not planning to use the account for farm or business purposes. Members using this account as their primary financial account may wish to look at our Full Service Package. For those who plan on using their accounts to a lesser degree, services can be purchased individually.

Click on the links below to take you to the section you want.

Deposit Services

Full Service Package
One low, flat rate monthly fee allows unlimited free chequing, free Interac transactions, free Telpay bill payment, free ATM transactions, commission free Travellers cheques, $5.00 off safety deposit box rental, free in branch bill payment. Click here for full details.

E-Pack Service Package

This package is designed for those member who do most of their transactions electronically. A low monthly fee of $5.95 allows 30 free electronic transactions which can be any combination of POS, withdrawals from Man CU ATM's, auto debits, or electronic bill payments. Electronic transactions in excess of the 30 are charged the regular fee as are all cheques written. Their are no paper monthly statements or images with this package. All account history and cheque images are available free on line. Click here for full details.

Value Pack Service Package

This package is designed for those members who do most of their transaction electronically but do use some cheques and would like a monthly statement with images. A low monthly fee of $8.95 allows 5 free cheques and 30 free electronic transactions which can any combination of POS, withdrawals from Man CU ATM's, auto debits, or electronic bill payments. Electronic transactions in excess of the 30 are charged the regular fee as are all cheques written in excess of 5. Members recieve monthly statements and images with this package. Click here for full details.

Career Start Service Package

Designed for young members 18-25 years of age who don't use traditional paper based services. One low, flat rate monthly fee allows free Interac transactions, free auto debits, free ATM transactions at Manitoba CU ATM's,and free Internet and Telephone bill payments . Cheques and over the counter bill payments are at regular fees. Starting at $5.50 per month, this package does not provide monthly paper statements. Statements can be viewed on line at no cost. Monthly statements can be added for an additional fee. Click here for full details.

Personal Chequing

  • No minimum balance required
  • Per transaction service charges
  • In person deposits, transfers, and withdrawals are free of charge
  • Personalized cheques available at cost

US $ Chequing Accounts
US $ accounts are available so US $ funds do not need to be converted to Canadian $

Plan 24 Savings

  • Competitive interest calculated on a daily closing balance and credited to your account semi-annually
  • No minimum balance required
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Premium Savings

  • Interest calculated on minimum monthly balance and paid semi-annually
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Maximizer Tiered Savings

  • Tiered Interest - the higher the balance the higher the interest
  • Interest calculated on minimum monthly balance
  • Interest paid semi-annually
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Statements
All deposit and loan accounts and all individual transactions are listed on one easy to read monthly statement. Statements can be picked up free or will be mailed out for a $1.00 fee.

Investment Services

Guaranteed Investment Certificates - GIC'S

  • Guaranteed interest rate for length of term.
  • Minimum investment of $1,000
  • 90 day to 5 year terms available, redeemable and non-redeemable options

Registered Retirement Plans (RRSP AND RRIF)

  • Transfers from other institutions easily arranged
  • Variable rate deposits or fixed rate terms up to 5 years are available
  • Automatic RRSP deposit transfers at varying frequencies available at no fee
  • Minimum term deposits of $500 required except for variable accounts which have no minimum deposit.

Credential
Asset Management
Mutual Fund Investments
  • Ethical Funds and Credential Platinum List Funds
  • Most funds are 100% RRSP & RRIF eligible
  • Ensis Labour Sponsored Funds

Mutual funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Ensis offers a 30% tax credit available to residents of Manitoba. Tax credits are available to eligible investors provided that the shares are held for at least eight years from the date of purchase.

® Credential is a registered mark owned by Credential Financial Inc. and is used under licence.

Ethical Funds® are sold in all provinces and territories across Canada.

Personal Loans, Mortgages, and Lines of Credit

  • Variable or Fixed Term Rates
  • Residential Mortgages - CMHC & Conventional
  • Building Mortgages
  • Vehicle and RV Loans
  • Lines of credit
  • Holiday Loans
  • Debt Consolidation and Refinancing
  • Payment Protection Insurance available
  • Mortgage Life Insurance available

There are no application fees but all outside credit check, security registration, or credit approval costs will be passed on to the member

Student Loans - Sanford Credit Union offers competive rate Student Lines of Credit for students pursuing post -secondary education. Call either of our branches to speak to one of our experienced Financial Services Officers.

 

Other Services

Member Card

  • This card gives you access to your account from Automated Teller Machines world wide that display the Interac, Cirrus, Acculink, or Maestro symbols.
  • Deposits can be made at any Manitoba Credit Union ATM

Interac Direct Payment

  • Use your Member Card debit card instead of paying by cash or cheque
  • Funds are immediately debited from your account

CU@Home
CU@Home is our 24 hour full service Internet banking product for on-line access to you account.

Bill Payment
Sanford CU offers automated bill payment service and is available 24 hours a day through both CU@HOME and over the counter during office hours in branch.

Night Depository

  • Night deposit services are available at both Sanford and Oak Bluff branches for deposits outside of regular hours.
  • Deposits credited on next business day

US $ Currency
United States currency is available in most denominations at competitive exchange rates.

Travellers Cheques
American Express travellers cheques available in both Canadian and US$ denominations

MasterCard Suite of Products
Applications are available for:

  • CHOICE Rewards
  • No Fee Loyalty Card
  • Low Fee Card
  • Gold Card
  • Platinum Class Card
  • Low Fee Gold Card
  • Student Card
  • Business Card

In Branch Bill Payment
We accept payment in branch for Hydro, MTS, Receiver General, PST and GST bill payments, municipal water and sewer bills plus most other bills as well.

Automated Services
Direct deposit of payroll, government and other deposits is available. Pre-authorized automatic bill and loan payments can also be set up on request

Back to Personal Account Services  |  Back to Main Menu


Golden Account Services
Golden Accounts are for members 60 and over that are not planning to use the account for farm or business purposes. Accounts may be individual or joint, but because of the special privileges Golden members get, they may only be involved in one Golden account. Click on the link below to take you to the section you want.

Deposit Services
The following special services are provided for individuals 55 years and over:

  • No per cheque fees
  • Free Interac Direct payment
  • ½% bonus paid on Premium Savings
  • Free ATM usage on our ATM
  • No service charge on automatic transfers
  • $5.00 off annual safety deposit box rental
  • Commission free travellers cheques
  • Free Mastercard and utility bill payment
  • No service charge for primary orders/bank drafts
  • No service charge on cheque certification or stop payment

US$ Chequing Accounts
US$ accounts are available so US$ funds do not need to converted to Canadian $.

Plan 24 Savings

  • Competitive interest calculated on a daily closing balance and credited to your account semi-annually
  • No minimum balance required
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Premium Savings

  • Interest calculated on minimum monthly balance and paid semi-annually
  • ½% bonus interest on Premium Savings
  • No chequing privileges
  • In person deposits, transfers, and withdrawal are free of charge

Maximizer Tiered Savings

  • Tiered Interest - the higher the balance the higher the interest
  • Interest calculated on minimum monthly balance
  • Interest paid semi-annually
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Statements
All deposit and loan accounts and all individual transactions are listed on one easy to read monthly statement. Statements can be picked up free or can be mailed out.

Investment Services

Guaranteed Investment Certificates - GIC'S

  • Guaranteed interest rate for length of term.
  • Minimum investment of $1,000
  • 90 day to 5 year terms available, redeemable and non-redeemable options

Registered Retirement Plans (RRSP AND RRIF)

  • Transfers from other institutions easily arranged
  • Variable rate deposits or fixed rate terms up to 5 years are available
  • Automatic RRSP deposit transfers at varying frequencies available at no fee
  • Minimum term deposits of $500 required except for variable accounts which have no minimum deposit.

Credential
Asset Management
Mutual Fund Investments
  • Ethical Funds and Credential Platinum List Funds
  • Most funds are 100% RRSP & RRIF eligible
  • Ensis Labour Sponsored Funds

Mutual funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Ensis offers a 30% tax credit available to residents of Manitoba. Tax credits are available to eligible investors provided that the shares are held for at least eight years from the date of purchase.

® Credential is a registered mark owned by Credential Financial Inc. and is used under licence.

Ethical Funds® are sold in all provinces and territories across Canada.

CU@Home
CU@Home is our 24 hour full service Internet banking product for on-line access to your account.

CU by Phone
CU by PHONE offers 24 hour access to your accounts by phone

TelPay Bill Payment
Telpay offers automated bill payment service and is available 24 hours a day through both CU@HOME and CU by PHONE services.

Night Depository

  • Night deposit services are available at both Sanford and Oak Bluff branches for business deposits outside of regular hours.
  • Deposits credited on next business day

US $ Currency
United States currency is available in most denominations at competitive exchange rates.

Travellers Cheques
American Express travellers cheques available in both Canadian and US$ denominations and are commission free on Golden accounts.

Loans Services

  • Variable or Fixed Term Rates
  • Residential Mortgages - CMHC & Conventional
  • Building Mortgages
  • Vehicle and RV Loans
  • Lines of credit
  • Holiday Loans
  • Debt Consolidation and Refinancing
  • Payment Protection Insurance available
  • Mortgage Life Insurance available

Other Services

Member Card

  • This card gives you access to your account from Automated Teller Machines world wide that display the Interac, Cirrus, Acculink, or Maestro symbols.
  • Deposits can be made at any Manitoba Credit Union ATM

Interac Direct Payment

  • Use your Member Card debit card instead of paying by cash or cheque
  • Funds are immediately debited from your account

MasterCard Suite of Products
Applications are available for:

  • CHOICE Rewards
  • No Fee Loyalty Card
  • Low Fee Card
  • Gold Card
  • Platinum Class Card
  • Low Fee Gold Card
  • Student Card
  • Business Card

In Branch Bill Payment
We accept payment in branch for Hydro, MTS, Receiver General, PST and GST bill payments, and municipal water and sewer bills plus most other bills as well.

Automated Services
Direct deposit of payroll, government and other deposits is available. Pre-authorized automatic bill and loan payments can also be set up on request.

Back to Golden Account Services  |  Back to Main Menu


Trust and Junior Account Services
Trust Accounts have no age restriction but are used primarily by parents for children that are too young to manage their own accounts. Typically a parent is the trustee. They can also be obtained for adults where special circumstances require that the Trustee, someone other than the account holder, has control over how the account is managed.

Junior Accounts are for all members under 18 years of age unless designated as a Trust account. Junior members have complete control over their account.

On all Junior accounts a $25 share is required but Junior members pay only $5 and the credit union will pay the other $20. Once the account has been open at least 1 year the total $25 becomes the property of the member. Trust accounts for members under 18 will receive the same member share benefit.

Deposit Services

Junior Accounts - Deposit Services

  • No per cheque fees on chequing account
  • Free Interac Direct payment on chequing account
  • Free ATM usage on Credit Union ATM on chequing account

Trust Accounts

  • Fee schedule on Trust accounts is the same as Junior accounts
  • US$ accounts are available so US$ funds do not need to converted to Canadian $

Plan 24 Savings

  • Competitive interest calculated on a daily closing balance and credited to your account semi-annually
  • No minimum balance required
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Premium Savings

  • Interest calculated on minimum monthly balance and paid semi-annually
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Maximizer Tiered Savings

  • Tiered Interest - the higher the balance the higher the interest
  • Interest calculated on minimum monthly balance
  • Interest paid semi-annually
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Investment Services

Guaranteed Investment Certified - GIC'S

  • Guaranteed interest rate for length of term
  • Minimum investment of $100 for Juniors and Trusts
  • 90 day to 5 year terms available, redeemable and non-redeemable options

Registered Education Savings Plans (RESP)

  • Transfers from other institutions easily arranged
  • Several investment options available

Statements
All deposit and loan accounts and all individual transactions are listed on one easy to read monthly statement. Statements can be picked up free or can be mailed out.

CU@Home
CU@Home is our 24 hour full service Internet banking product for on-line access to your account.

CU by Phone
CU by PHONE offers 24 hour access to your accounts by phone

TelPay Bill Payment
Telpay offers automated bill payment service and is available 24 hours a day through both CU@HOME and CU by PHONE services.

Night Depository

  • Night deposit services are available at both Sanford and Oak Bluff branches for business deposits outside of regular hours.
  • Deposits credited on next business day

US $ Currency
United States currency is available in most denominations at competitive exchange rates.

Travellers Cheques
American Express travellers cheques available in both Canadian and US$ denominations.

Other Services

MemberCard

  • This card gives you access to your account from Automated Teller Machines world wide that display the Interac, Cirrus, Acculink, or Maestro symbols.
  • Deposits can be made at any Manitoba Credit Union ATM

Interac Direct Payment

  • Use your Member Card debit card instead of paying by cash or cheque
  • Funds are immediately debited from your account

In Branch Bill Payment
We accept payment in branch for Hydro, MTS, Receiver General, PST and GST bill payments, municipal water and sewer bills, plus most other bills as well.

Automated Services
Direct deposit of payroll, government and other deposits is available. Pre-authorized automatic bill and loan payments can also be set up on request.

Back to Trust and Junior Account Services  |  Back to Main Menu

Student loans/student lines of credit

Sanford Credit Union offers competive rate student loans/student lines of credit to our members who are pursing education at a post-secondary level. Call either of our branches to talk to one of our experienced Financial Services Officers, to see how we can assist you by tailoring a student loan that is just right for you in your quest of continuing education.

 

Agricultural Account Services

Deposit Services

Agricultural Chequing

  • No minimum balance required
  • Per transaction service charges
  • In person deposits, transfers, and withdrawals are free of charge
  • Personalized cheques available at cost

US$ Chequing Accounts
US$ accounts are available so US$ funds do not need to converted to Canadian $.

Plan 24 Savings

  • Competitive interest calculated on a daily closing balance and credited to your account semi-annually
  • No minimum balance required
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Premium Savings

  • Interest calculated on minimum monthly balance and paid semi-annually
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Maximizer Tiered Savings

  • Tiered Interest - the higher the balance the higher the interest
  • Interest calculated on minimum monthly balance
  • Interest paid semi-annually
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Statements
All deposit and loan accounts and all individual transactions are listed on one easy to read monthly statement. Statements can be picked up free or can be mailed out for a $1.00 fee.

Investment Services

Guaranteed Investment Certificates - GIC'S

  • Guaranteed interest rate for length of term
  • Minimum investment of $1,000
  • 90 day to 5 year terms available, redeemable and non-redeemable options

Registered Retirement Plans (RRSP AND RRIF)

  • Transfers from other institutions easily arranged
  • Variable rate deposits or fixed rate terms up to 5 years are available
  • Automatic RRSP deposit transfers at varying frequencies available at no fee
  • Minimum term deposits of $500 required except for variable accounts which have no minimum deposit

Credential
Asset Management
Mutual Fund Investments
  • Ethical Funds and Credential Platinum List Funds
  • Most funds are 100% RRSP & RRIF eligible
  • Ensis Labour Sponsored Funds

Mutual funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Ensis offers a 30% tax credit available to residents of Manitoba. Tax credits are available to eligible investors provided that the shares are held for at least eight years from the date of purchase.

® Credential is a registered mark owned by Credential Financial Inc. and is used under licence.

Ethical Funds® are sold in all provinces and territories across Canada.

CU@Home
CU@Home is our 24 hour full service Internet banking product for on-line access to your account.

CU by PHONE
CU by PHONE offers 24 hour access to your accounts by phone.

TelPay Bill Payment
Telpay offers automated bill payment service and is available 24 hours a day through both CU@HOME and CU by PHONE services.

Night Depository

  • Night deposit services are available at both Sanford and Oak Bluff branches for business deposits outside of regular hours
  • Deposits credited on next business day

US $ Currency
United States currency is available in most denominations at competitive exchange rates.

Travellers Cheques
American Express travellers cheques available in both Canadian and US$ denominations.

Agricultural Loans

  • Variable or Fixed Term Rates
  • Operating Loans
  • Lines of credit
  • Equipment loans
  • Livestock loans
  • Land and Building Mortgages
  • Debt Consolidation and Refinancing
  • Loan and Mortgage Life Insurance available

No application fees apply but annual renewal and credit approval charges and outside credit check and security registration costs will be charged to the member.

Other Services

MemberCard

  • This card gives you access to your account from Automated Teller Machines world wide that display the Interac, Cirrus, Acculink, or Maestro symbols.
  • Deposits can be made at any Manitoba Credit Union ATM

Interac Direct Payment

  • Use your Member Card debit card instead of paying by cash or cheque
  • Funds are immediately debited from your account

MasterCard Suite of Products
Applications are available for:

  • CHOICE Rewards
  • No Fee Loyalty Card
  • Low Fee Card
  • Gold Card
  • Platinum Class Card
  • Low Fee Gold Card
  • Student Card
  • Business Card

In Branch Bill Payment
We accept payment in branch for Hydro, MTS, Receiver General, PST and GST bill payments, municipal water and sewer bills, plus most other bills as well

Automated Services
Direct deposit of payroll, government and other deposits is available. Pre-authorized automatic bill and loan payments can also be set up on request

Back to Agricultural Account Services  |  Back to Main Menu


Commercial and Organizational Account Services

Organizational Accounts
Regular Organizational account fees apply (unless account is designated as a community service then no service charges apply)

Currently Organizational fees are the same as commercial account fees.

Commercial Accounts - Deposit Services

Business Chequing

  • No minimum balance required
  • Per transaction service charges
  • In person deposits, transfers, and withdrawals are free of charge
  • Personalized cheques available at cost
  • Minimum monthly maintenance fee on all business accounts

US$ Chequing Accounts
US $ accounts are available so US $ funds do not need to converted to Canadian $

Plan 24 Savings

  • Competitive interest calculated on a daily closing balance and credited to your account semi-annually
  • No minimum balance required
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Premium Savings

  • Interest calculated on minimum monthly balance and paid semi-annually
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Maximizer Tiered Savings

  • Tiered Interest - the higher the balance the higher the interest
  • Interest calculated on minimum monthly balance
  • Interest paid semi-annually
  • No chequing privileges
  • In person deposits, transfers, and withdrawals are free of charge

Statements
All deposit and loan accounts and all individual transactions are listed on one easy to read monthly statement. All business statements are mailed immediately for timely receipt.

Guaranteed Investment Certificates - GIC'S

  • Guaranteed interest rate for length of term.
  • Minimum investment of $1,000
  • 90 day to 5 year terms available, redeemable and non-redeemable options

CU@Home
CU@Home is our 24 hour full service Internet banking product for on-line access to your account.

CU by PHONE
CU by PHONE offers 24 hour access to your accounts by phone.

TelPay Bill Payment
Telpay offers automated bill payment service and is available 24 hours a day through both CU@HOME and CU by PHONE services.

Night Depository

  • Night deposit services are available at both Sanford and Oak Bluff branches for business deposits outside of regular hours
  • Deposits credited on next business day

US $ Currency
United States currency is available in most denominations at competitive exchange rates.

Travellers Cheques
American Express travellers cheques available in both Canadian and US$ denominations.

Commercial Business Loans

  • Variable or Fixed Term Rates
  • Operating Loans
  • Lines of credit
  • Equipment loans
  • Expansion Loans
  • Land & Building Mortgages
  • Debt Consolidation and Refinancing
  • Loan and Mortgage Life Insurance available

No application fees apply but annual renewal and credit approval charges and outside credit check and registration costs will be charged to the member.

Other Services

MemberCard

  • This card gives you access to your account from Automated Teller Machines world wide that display the Interac, Cirrus, Acculink, or Maestro symbols
  • Commercial Deposits cannot be made at any Manitoba Credit Union ATM

Interac Direct Payment

  • Use your Member Card debit card instead of paying by cash or cheque
  • Funds are immediately debited from your account

Interac Merchant Terminals
Business accounts can obtain Interac merchant terminals to help them increase sales and reduce cash and cheque issues.

MasterCard Suite of Products
Applications are available for:

  • CHOICE Rewards
  • No Fee Loyalty Card
  • Low Fee Card
  • Gold Card
  • Platinum Class Card
  • Low Fee Gold Card
  • Student Card
  • Business Card

In Branch Bill Payment
We accept payment in branch for Hydro, MTS, Receiver General, PST and GST bill payments, municipal water and sewer bills, plus most other bills as well.

Automated Services
Direct deposit of payroll, government and other deposits is available. Pre-authorized automatic bill and loan payments can also be set up on request.

Back to Commercial and Organizational Account Services  |  Back to Main Menu

Member Share Information

  • Sanford Credit Union requires that $25 in common shares are purchased to become a "Member".

  • On all Junior and Trust accounts ( for members under 18) a $25 share is still required. Junior members and Trust account members (under 18 ) pay only $5 and the credit union will pay the other $20. Once the account has been open at least 1 year the total $25 becomes the property of the member

  • Membership entitles individuals access to all services of the credit union, to vote at the Annual Meeting (qualifying age 18), and to elect the Board of Directors

  • Surplus Shares: Each year the Board of Directors may approve a patronage refund by way of a surplus share allocation. Investing and borrowing members are allocated an amount based on the amount of business they do with the credit union, usually calculated as a percentage of the interest they received or interest they paid during the year.

  • Dividends: Each year the Board may, at their discretion and subject to regulations, approve a 10% cash dividend payable on member owned shares in the credit union. This is paid on all common shares and can be paid as Surplus Shares, cash, or a combination thereof.

  • Surplus Share accounts may be converted to RSP Surplus Share accounts allowing a tax receipt to be issued for income tax purposes.