RCU Basics
We have branches in these two towns?
Raymore & Dysart
Give an example of a consumer (personal) loan
Car
Skidoo
Hottub
Mortgage
is a number used by financial institutions & credit card companies to determine your risk level when applying for a loan or credit card
Credit Score
A credit union is a type of financial _____________, which is owned by their members.
cooperative
Name 2 credit union careers
Member Services, Lending, Investments, Accounting, Human Resources, Marketing, Technology, Admin
There are two types of Student Loans, name 1
Canada Student Loans
OR
RCU STUDENTCHOICE Loan
We discussed the 5 C's of Credit, list 2 of the 5
Collateral
Capacity
Capital
Conditions
Character
Allows you to withdraw cash, deposit cheques, pay bills & is Dingfree across Canada
ATM
$50,000 is given each year to community projects through this program/grant
Growing Communities Grant
What items should you bring with you when applying for a loan....list two of them
Proof of income, paystub, letter of employment, T4, Taxes, SIN number, one piece of photo ID, info on what you are applying for
Which has higher interest rates - a credit card or a loan?
credit card
A convenient way to send, request and receive money directly from one bank account to another with a phone number or email address.
Interac e-Transfer
Credit Union staff had over 840 hours of these last year
Volunteer hours
Offers a lump sum of money upfront for a specific purpose
A Loan
Funds that are automatically transferred to your savings account on a schedule that works best for you & your lifestyle
PAT (Pre-Authorized Transfer)
A is an app on your mobile device that can store payments such as your RCU Membercard debit card & Collabria credit card.
Mobile wallet
Raymore Credit Union is celebrating it's anniversary
75th
Credit cards should be used for what kinds of purchases?
- bills
- appliances
- electronics
- groceries
- online purchases
- clothing
Name one benefit of a Pre-Authorized Transfer (PAT)
Building good habits
Guilt-free spending
Emergency fund
Relaxed will power
Visible progress
You can take care of all your banking needs such as check balances, send e-transfers, pay bills, transfer money, deposit cheques, set up direct alerts and Lock'N'Block your debt card on this.
RCU Mobile App