Attention Essential members!


Attention all Essential members! Please be advised that the annual Membership fee will be applied to all Essential accounts on January 29, 2016 instead of January 31, 2016. If you are an Essential Member and you would like to know more information about how you can avoid this charge, please visit our website here or give our offices a call at 416-238-5606.

Double your CHOICE REWARDS bonus points!

We’re doubling CHOICE REWARDS® bonus points††but only until March 5, 2016. So step on it!

Double your CHOICE REWARDS bonus points††  


Put a spring in your step with our CHOICE REWARDS MasterCard® credit cards. Apply for a new eligible CHOICE REWARDS MasterCard credit card and if approved, you may get up to 10,000 CHOICE REWARDS bonus points††.

Cash Rewards

You can redeem your CHOICE REWARDS bonus points†† for Cash Rewards to pay down your balance. There are different points earned by credit card product, so let us help you pick the card that’s right for you.

3.99% introductory promotional annual interest rate(“AIR”) on balance transfersµ for 10 months

Get a super low promotional AIR of 3.99% for 10 months to help you pay down other balancesµ even faster.

Get your rewards.

Get rewarded when you apply for a new World Elite®, Gold, Low Fee Gold, Low Fee or Student CHOICE REWARDS MasterCard credit card before February 27, 2016. If approved, you’ll earn double CHOICE REWARDS bonus points†† and enjoy the freedom to choose how you want to redeemyour points—for travel, brand name merchandise, Cash Rewards or donations to charity—it’s up to you.

Signing up is easy.

Simply visit your local branch or call to set up your appointment. We’ll help you find the card that’s right for you.  Or you can apply online right here!



††This is a one-time bonus offer for members that are approved for a new CHOICE REWARDS World Elite, Gold, Low Fee Gold, Low Fee or Student MasterCard credit card account. New World Elite and Gold MasterCard credit cardholders will receive 10,000 bonus CHOICE REWARDS points; new Low Fee Gold MasterCard credit cardholders will receive 6,000 bonus CHOICE REWARDS points; new Low Fee and Student MasterCard credit cardholders will receive 2,000 bonus CHOICE REWARDS points in connection with this offer. Limit one-time bonus point offer (no cash value) per new account. Please allow up to 60 days from the account open date for the bonus points to be posted to the member’s points account. This is offered by CUETS Financial and may be amended or cancelled at any time without notice.

 These are highlights of the CHOICE REWARDS program.  Points will be awarded on eligible transactions charged to your account as set out in your Program terms and conditions. Complete terms and conditions describing Program eligibility, accrual and redemption of points, and other important conditions, limitations and restrictions will be sent after your account is opened. Please read the terms and conditions carefully upon receipt.

µBalance transfers (including deposits to a bank account) must be repaid and otherwise dealt with according to the terms of your Account Agreement and are subject to credit availability. Balance transfers cannot be used for repayment of any account established or maintained by CUETS Financial or its affiliates.

Changes to your Energy CU TFSA for 2016!

Effective 1 January 2016, the TFSA Variable* rate will be 2.15% on new deposits. All new money deposited into a TFSA Variable* starting January 1st 2016 will earn 2.15%. Your existing TFSA Variable* on deposits made prior to 1 January 2016 will be grandfathered in the new year at 3.15% Variable* and you will still have access to these funds at any time, they are not locked in.

TECU TFSA Deposits made on or before 31 December 2015

  • All Variable* TFSA funds deposited before 31 December 2015 will continue to earn 3.15%, compounded daily, paid monthly.
  • All Variable* TFSA funds deposited before 31 December 2015 do not have to be locked in to earn that rate. You will be able to withdraw any of the grandfathered TFSA funds to use as you wish.
  • Any withdrawals made from grandfathered TFSA funds will count toward your total TFSA contribution room and you will be able to put funds back into your TFSA butyou will earn the new TFSA Variable* rate of 2.15%.

TECU TFSA Deposits made on or after 1 January 2016

  • All Fixed TFSA funds locked into a 3 year term after 1 January 2016 will earn 3.15% – Minimum Deposit of $500.00.
  • All Variable* TFSA funds deposited after 1 January 2016 will earn 2.15%, You do not have to lock in funds, no minimum deposit.

You can still make your TFSA deposits in a variety of ways. You can choose to make your contribution as one lump sum. You can have an automatic deposit made to your TFSA from your payroll or account on a regular basis. You can also transfer your TFSA funds to the Energy CU from another institution. Please touch base with a TECU staff member to see how easy it can be to earn 3.15%.  If you have any questions about how you can maximize the rate you are receiving for your TFSA please do not hesitate to contact our offices at 416-238-5606.


*Subject to change at the discretion of The Board of Directors, not geared to the Credit Union’s Prime Rate.

Are organized finances a 2016 New Year’s resolution for you?

With a new year comes a great chance to review your financial position. Are you where you want to be financially?  Are you protecting your financial position? You take measures to protect and maintain your car, your home and your health, what about your money?

Get checked!

See how The Energy CU’s Money Maintenance Check can help you get what you want out of life. Whether you’re starting over, digging out of debt, funding a college education for your kids or saving for your retirement. Book a free appointment with our staff.  Please call our   offices at  416-238-5606 or visit us online at to book your appointment. Make 2016 the year you get all your ducks in a row!

The first 50 members who take advantage of our Money Maintenance Check up will receive their very own free copy of “A Canadian’s Guide to Money-Smart Living” Courtesy of CRI Canada.
It’s just one more way The Energy CU is taking care of your peace of mind.

Stress free retirement?

Starting contributions to your RRSP can be the best idea you’ve had! Do you think you’re too young to contribute to an RRSP? Getting started on your contributions at a young age is to your advantage.

The RRSP is an great product for anyone who has income because all money invested in an RRSP is 100% deductible from your taxable income.  The younger you are, the more time you have to invest, this investment will start to accumulate interest while tax-sheltered and then you can factor in the value of compound interest. Make interest on interest!

There are also many reasons why you should make year-round contributions to your RRSP, rather than waiting until the last minute contribution deadline. By contributing regularly, many members find they end up putting more money aside. That significantly cuts their tax bill. Another thing to consider is that they would be able to file their taxes sooner, this means they get their tax refund sooner.

A year-round strategy is a financially sound and less stressful way to get the most out of your retirement savings. If you make regular contributions, your money goes to work sooner and can produce higher returns.

If you are interested in starting an RRSP please let us know! It’s a quick process, you can contribute weekly bi-weekly or monthly. Whatever your comfort level we can make sure you are in good hands. If funds on hand are a little short, you can apply for an RRSP Line of Credit. You can make your contribution today and make payments toward your Line of Credit every pay. The deposit is held at the CU. We offer Our RRSP Lines of Credit at the credit union’s prime rate. Don’t wait until the deadline looms and you are forced into hasty decisions that may not be in your best interest. The process is here is easy!

Contact our offices at 416-238-5606 today to find out more about how to maximize your RRSP savings.

Some conditions apply please see staff for details.