CCCU - Commercial
Name a Business Services Manager
Depending on location:
Bronwyn Palmer -NBC
Stephanie Benedict- PBC
Melisa Beatty - RM
Janine Hutchings - CBC
This account will help you with your down payment on a CCCU mortgage if certain conditions are met.
One Grand Plan. Must have $100 per month going into savings and no withdrawals. At the end of 1 year $250/2 years $500/3 years $1000
This loan can help someone rebuild poor credit.
GIC/Cash secured loan. Easy to qualify for and would be secured against a GIC/TFSA deposit. At the end of the loan, they now have a asset and X months repayment on their bureau.
When can we use our Marine Express Policy?
Vessel is less than 35 feet, valued at $35,000 or less and does not exceed 60 MPH.
Main benefit no out of water survey required to be insured.
Also includes 10K for personal effects on board.
This is our self-directed online brokerage offering trades for $8.75.
Q-Trade
Name a way a business could reduce its transactions to pay a lower monthly fee. (Product/Service)
Business mastercard, Moneris for batches, using one of our automated deposit/withdrawal services, night deposit.
Can you take money out of a Rate Climber investment?
Yes, on the anniversary or within 10 days of it is redeemable with no penalty. You can even cash it out and put it into a rate climber if rates are better.
This kind of revolving credit may be a good fit for someone that is worried about their account bouncing a PAD or cheque.
Line of credit/limit OD/overdraft protection.
Name a way a member may get a discount at CCIS for house insurance. (That is unrelated to a mortgage on their house)
Bundling discount
Some companies also offer a credit score discount.
Mature Citizen
New Home
What is the minimum # of employees a business must have in order to attain or provide group benefits to their employee’s through a Wealth Protection Specialist?
2 unrelated people.
**Daily Double*** 300 for each question.
Name one type of commercial insurance that CCIS - Commercial offers.
AND
Name an insurance/service that a WPS could use to benefit a business.
CCIS Commercial-
Office package
Store and Retailer package
Contractor and Trades package
Bonding
Oyster Lease Program
Farms
Commercial marine
Daycare program
Directors, Officers and Professional Liability
Boiler and machinery breakdown
Business interruption
CGL's etc etc!
PIC - Key Person or Criss Cross insurance, Annuities, Group Benefits.
***DAILY DOUBLE (2 questions, 300pts each)***
What is the limit on deposit insurance covered through CUDIC? (Credit Union Deposit Insurance Corp)
CDIC offers $100K coverage per category of deposit insurance. Name a category (there is 9)
Unlimited. 100% deposit coverage on eligible deposits.
$100k per Single, Joint, RRSP, RRIF, TFSA, RESP, RDSP, FHSA and Trust Accounts.
These loans are:
Beacon approved for 680+ or depending on payment history may not require a credit pull.
Offered at Prime-.25% for life/dis insured in the range of $500-$15,000
Simple application for 1 year term (longer available but need a full application)
No fees
RRSP loans. Can be invested in GICs or put into a MyCoastal savings plan.
When you fully pay off your _______, you may be eligible for a reduction on your house insurance cost.
Mortgage.
A good referral to CCIS for anyone who mentions they've paid off their mortgage or has a low mortgage balance on DNA.
What is a self directed mutual fund plan that has a greater growth potential than GICs?
QTrade Guided Portfolio
What is the minimum number of employees a business must have to benefit from ADP?
One. ADP offers:
· Debit the employer's account for payroll funds
· Pay employees by cheque or direct deposit
· Prepare and remit federal and provincial taxes, CPP and EI
· Supply helpful reports that can help analyze employment activity and anticipate business needs
· Give you exceptional customer service and peace of mind at no extra charge
This is the transfer in bonus on registered products. (RRSP/TFSA/RRIF)
.5% bonus on any term. Paid in cash upfront into term. $250 max bonus.
Excludes Variable Account, Redeemable Term Deposit and Cashable GIC.
Must be minimum one-year terms, and not redeemable within the first year. Eligible RRSP and RRIF products are GICs, Rate Option, Prime-Linked, Mortgage-Linked, and Rate Climber.
Name two of the criteria for an IBLOC (Instant Beacon Line of Credit)
There is 5 total.
Note on a joint account all applicants need a 700 or higher beacon but you only need 1 source of income. A bread winner and stay at home parent with 700 scores would be eligible.
Name 3 kinds of insurance offered by CCIS.
Home: Contents, Rented Dwelling, Tenant’s, Condo, Mobile Home, Seasonal Dwelling, Flooding, Earthquake ,Vacant Dwelling, Personal Watercraft, Musical Instruments, Jewelry, Bicycles and Hobby Farm coverage.
Additional insurance and services: Marriage Licenses, Special Event insurance, “Hole in One” , Rented Events, Kiosk, Wedding insurance.
Boat insurance – Coverage for all sorts of watercraft.
Collector Vehicle, Tractor/Farm Equipment, ATV , Motorcycle, Snowmobile.
Travel insurance, Vacation, RVs/Trailers/Motorhome/5th Wheel, Extreme
For questions on estate planning, name a contact for Concentra Trust.
Lydia Moulder
What new product replaced CAFT?
PAYMENTSTREAM
Now people can send payroll or any type of payments themselves or can collect payments from clients, super fast, super easy. It's cheaper than cheques in the long run and it is also more secure!!!
Name 2 advantages of a Collabria card
Credit union supported, various point options on most cards, mobile device insurance, travel insurance, a US$ card, World Elite for Collabria, Cardwise, low interest rate card, etc. balance transfer (promotional)
This provincial regulator does not require CCCU to use a benchmark qualifier on conventional mortgages, which gives us an advantage over federally regulated institutions.
BCFSA (British Columbia Financial Services Authority) formerly FICOM (Financial Institutions Commission)
We don't have to use a benchmark for conventional financing meaning we can qualify for more when the mortgage is not hi-ratio (20% or greater down payment) OSFI requires it.
What is the $ coverage limit on TUGO emergency medical?
$10 million which is way over most credit card limits.
With this life insurance product (which is really a health product) you can earn rewards and even get an Apple Watch or other fitness tracker for $0 per month
Manulife Vitality