RRSP DEADLINE MARCH 1ST, 2017

Don’t miss your chance to contribute to your RRSP for the 2016 tax year. March 1st, 2017 is the last day to make contributions! We also have extended hours too. Our 500 Commisssioners and 2 Carlton Street Branches will be open until 4:00pm on March 1st. Our southlake Branch is open until 4pm every day. If you have an RRSP variable account open you can contribute online through our Cyber Banker.  If you have questions, or if you would like to speak to us about your RRSP please do not hesitate to contact our offices at 416-438-5606 or visit us online at www.theenergycu.com

Attention all Essential members!

Attention all Essential members! Please be advised that the annual Membership fee will be applied to all Essential accounts on February 28, 2017. 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.

Family Day Closure

Please be advised all branches of The Energy Credit Union Limited will be closed on Monday February 20, 2017 for Family Day.  We will reopen on Tuesday February 21, 2017.  Please note that CyberBanker: www.theenergycu.com and Telephone Teller: 416-465-8251 are available 24/7.

Service Centre Branch to be Closed for 2 Days

Please be advised that our branch at 500 Commissioners Street will be closed on Wednesday February 15 and Thursday February 16, 2017 due to a Toronto Hydro maintenance replacement project that will require access to our branch during regular business hours.  For the safety of our members, we will be unable to be open to serve you during these days.

Members can make deposits and withdrawals through our ATM Machine, which will continue to be functional during these days; and can perform other financial transactions through Online Banking (www.theenergycu.com) and Telephone Banking (416-465-8251).

If you require any other service, feel free to contact our office at 416-238-5606 and we can assist you.  Our Loan Department will still be available during this time, and can be reached at the number above.

Thank you for your understanding.

Family Day Closure

Please be advised that all  Energy CU branches will be closed on Family Day, Monday February 20th, 2017.

Did you know? You can bank when and where you like!

You can access your account 24/7 with our Mobile App (for iOS and Andriod), CyberBanker online banking, and Telephone Teller. We have Remote Cheque Deposit through your Smartphone too! If you are not yet signed up for these free services give our offices a call! For more  information: dial 416-238-5606, reach us toll free at 1-888-942-2522 or please visit us online at www.theenergycu.com .

CMHC to Increase Mortgage Insurance Premiums

Attention members! CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment.

Premiums are calculated based on the loan-to-value ratio of the mortgage being insured. The premium can be paid in a single lump sum but more frequently is added to the mortgage principal and repaid over the life of the mortgage as part of regular mortgage payments.

If you are looking to buy a home and have any questions about how you may be affected by this new increase, please give our offices a call. Our Mortgage professionals can walk you through the process and help you get into that new home!

If you have any questions please call out offices at 416-238-5606.

For even more information please visit CMHC`s website.