Your financial journey is a personal one, but that doesn't mean you need to travel it alone. The skilled Wealth Services team at Crossroads Credit Union is here to:

·         help you clarify your financial goals

·         create an investment plan

·         give you the tools to achieve your dreams

 

We offer you access to a complete range of investment planning products, including:

·         Term deposits

·         Index linked investments

·         Tax Free Savings Accounts

·         Mutual Funds*

·         Labour Sponsored Venture Capital Corporation Funds (LSVCC)

 

*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 Corporation or by any other government deposit insurer that insures deposits in Credit Unions. Mutual Fund values change frequently and past performance may not be repeated.

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

 

Term Deposits

Crossroads CU's term deposits offer you a secure, worry-free investment that guarantees you a set return over a fixed time period. You can invest in them for a little while or a long while, and get instant access or rewards for leaving it alone to gather interest. Plus, they are 100% guaranteed.

 

There are a number of term deposit options to choose from. We can help you choose the option that best suits your needs and goals. All of our term deposits offer:

·         competitive rates

·         variable term lengths

·         redeemable and non-redeemable options

·         principal and interest guarantee

 

Index-Linked Investments

If you find the potential of the stock market appealing but don't want to risk losing your principal investment, then you should consider Index-Linked Term Investments. They are fixed-term investments that are tied to the average monthly performance of a stock index (such as the S&P 500 Index®).

 

Your investment stays at Crossroads Credit Union, which means your principal is 100% guaranteed. So even if the index doesn't perform well before its maturity, you are guaranteed to get your principal back in full. On the other hand, if the index does perform well, you'll receive an interest payment at the investment's maturity date.

 

Index-linked Investments at Crossroads CU offer:

·         the security of a term deposit with the potential of growth in the stock market

·         returns based on stock market index performance

·         RRSP and TFSA eligibility

·         a 100% guarantee by the Credit Union Deposit Guarantee Corporation

 

Tax Free Savings Accounts

If you've been looking for a flexible, government registered savings account that happens to be 100% tax-free, you'll be happy to learn about the Tax Free Savings Account (TFSA). Introduced to Canadians over the age of 18 in 2009, this registered savings account allows you to invest up to $5000 per year and withdraw funds whenever you'd like, all without paying any taxes on the investment income you've earned.

 

Considered by many to be the single most important personal savings tool since the RRSP, the TFSA allows you to:

·         earn income tax-free

·         make income tax-free withdrawals whenever you'd like (non-redeemable TFSAs are also available)

·         contribute a maximum of $5,000 per year

·         carry your unused contributions forward indefinitely

·         access your account at your convenience

·         hold a variety of investments in your account

 

Mutual Funds*

At Crossroads CU, we understand that your financial needs go beyond traditional banking products. That's why we offer you access to excellent investment products and professional services through Credential Asset Management Inc., a mutual fund dealer who can help Crossroads CU members like you to build a portfolio tailored to your financial needs and goals.

 

Credential Asset Management Inc. is the principal distributor of mutual funds* managed by:

·         Northwest & Ethical Investments L.P.

·         Credential EnRich Portfolios

 

They also distribute third-party mutual funds*, including top fund families such as:

·         Invesco Trimark

·         AGF

·         AIC

·         C.I. Investments

·         Northwest & Ethical Funds®

·         Fidelity

·         Franklin Templeton

·         Mackenzie

 

*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, cash balances, mutual funds securities and cash balances are not covered by the Canada Deposit Corporation or by any other government deposit insurer that insures deposits in Credit Unions. Mutual Fund values change frequently, and past performance may not be repeated. ®Credential is a registered mark owned by Credential Financial Inc. and is used under licence.

 

LSVCC Funds

Labour Sponsored Venture Capital Corporation Funds

 

A Labour Sponsored Venture Capital Corporation (LSVCC), also known as Labour Sponsored Investment Fund (LSIF) or Retail Venture Capital, are government endorsed mutual funds* designed to encourage investment into private,small and medium sized businesses. In Saskatchewan, these include SaskWorks Venture Fund and Golden Opportunities Fund Inc.

 

Like any mutual fund, individual investors purchase shares in a professionally managed pool of assets. Unlike most mutual funds*, individuals who invest in SaskWorks Venture Fund or Golden Opportunities Fund Inc. are entitled to receive a 35% tax credit (15% Federal and 20% Provincial) on the amount invested to a maximum investment of $5,000 annually.**

 

*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, cash balances, mutual funds securities and cash balances are not covered by the Canada Deposit Corporation or by any other government deposit insurer that insures deposits in Credit Unions. Mutual Fund values change frequently, and past performance may not be repeated. ®Credential is a registered mark owned by Credential Financial Inc.and is used under licence.

** Tax credits are available to residents of Saskatchewan provided that the shares are held for at least 8 years from the date of purchase

 

Credential Direct Online Trading Services

Are you the type of person who would prefer to manage your own investment portfolio? Try Credential Direct - Canada's #1 Online Broker. Make your own trades, follow your own research and track your own account. You control it all.

 

With Credential Direct, you can be your own broker and:

·         invest in stocks, bonds, options, mutual funds* and fixed income securities

·         access industry-leading trading tools, research and investing resources

·         open a cash trading account, margin account, margin with short sales, options trading margin account, RRSP or LIRA, RRIF or LRIF, RESP and TFSA**

·         check account balances and transfer funds online between your Crossroads CU accounts and your Credential Direct trading account

 

Credential Direct® provides resources for all types of self-directed investors. Whether you trade actively, are looking to invest for retirement or a child's education or prefer to buy and hold, Credential Direct® offers:

·         very competitive commissions

·         exceptional service

·         outstanding trading tools and research

·         easy-to-use, reliable technology

 

Trade online with Credential Direct®

 

*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, cash balances, mutual funds securities and cash balances are not covered by the Canada Deposit Corporation or by any other government deposit insurer that insures deposits in Credit Unions. Mutual Fund values change frequently, and past performance may not be repeated. ®Credential is a registered mark owned by Credential Financial Inc. and is used under licence.

®Credential and Credential Direct are registered marks owned by Credential Financial Inc. and are used under licence.

**Registered accounts are available only in Canadian dollars