Indigenous Credit Unions

Me-Dian

100

What type of financial institution is Me-Dian?

Credit union or Indigenous credit union

200

How many branches does it have?

2

300

Where are the branches located?

Winnipeg and Grand Rapids

400

What is NOT one of the 7 sacred teachings:     Wisdom, Respect, Love, Justice, Honesty, Truth, Humility, Courage.

Justice

Credit Unions

100

How is a credit union different from a bank?

Hint: Who owns them?

Credit unions are not government owned. The members are the shareholders/partial owners.

200

What are the 2 major benefits of credit unions

Hint: Interest

Lower interest rates on loans.

Higher interest rates on deposits/savings.

300

Name 3 services of a credit union

Possible answers: loans, deposits, investments, budgeting, debit cards, credit cards, mortgages, currency exchange, and more.

Indigenous Credit Unions

100

Who typically uses this financial institution?

First Nations, Indigenous, and Metis peoples

200

What are potential drawbacks?

Not very many, requires a membership

300

True or false: 

Deposits have a limit of $10,000 at a time.

False

400

What are the two credit unions we mentioned?

Me-Dian, Vancity