Canadian Anti-Spam Law (CASL)

The Canadian Anti-Spam Law (CASL) went into effect July 1, 2014. It is in place to protect Canadians while ensuring that businesses can continue to compete in the global marketplace. On July 1, 2017 the third phase of CASL comes into effect. From time to time Energy CU staff may contact our members via email or other electronic means in order to serve them more efficiently. If at any time you would prefer not to receive electronic messages from The Energy Credit Union Limited, please contact us by email or phone 416-238-5606.

You can give your consent online here.

Financial Literacy. It pays to know!

November is Financial Literacy Month (FLM). FLM is coordinated by the Financial Consumer Agency of Canada and encourages organizations from the public, private and non-profit sectors to collaborate and promote the financial well-being of Canadians. Here at The Energy CU we are joining in with our Money Maintenance Check. All members who decide to participate in our Money Maintenance Check  will have the option of receiving a complimentary copy of “A Canadian’s Guide to Money-Smart Living” By Kelley Keehn.

The Money Maintenance Check sometime acts as a wake-up call to members and other times it acts as a confirmation that they are on the right track. If you are interested in a Money Maintenance Check why not contact us today. Just call our offices 416-238-5606.  Financial Literacy is something that all our members can benefit from!

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generic banner_overarching FLM them_506x506_EN

Energy Credit Union is the first!

TransUnion and Canadian Credit Union Association (CCUA) are pleased to announce The Energy Credit Union has launched TransUnion’s CreditView Dashboard – a financial literacy and credit education solution. Energy Credit Union is the first credit union in Canada to launch CreditView. Through the Dashboard, Energy Credit Union members will have on-demand access to their credit report, risk score and a robust credit monitoring solution for increased protection of their identity. Further, the digital Score Simulator allows these credit union members to invent credit scenarios, such as when applying for additional credit, increasing a payment amount, missing a payment and more. This will help to immediately increase understanding of the impact that their behaviours could have on their overall risk score. “Not only did we see this as an opportunity to educate our members about their credit report and maintaining a responsible payment history with their creditors, but also as a way to enhance our brand by allowing us the opportunity for a diverse product offering platform in keeping with our member service and member education model” says Mark McDonald, Financial Services Manager at The Energy Credit Union. CreditView was showcased to The Energy Credit Union’s members on April 7, 2017 at its 78th Annual General Meeting, with TransUnion present to help kick-off the event. The new product offering was well received by members, and we are excited to finally have it available to them.

 

CreditView is here!

TransUnion’s CreditViewTM Dashboard is an easy, interactive way to see important information from your TransUnion credit file. The Energy CU is the first credit union in Canada to offer this great product to our members! You can view your credit score, track how it changes over time, and even simulate what could happen to your score based on changes to your credit data. You can choose from an annual or monthly subscription to take your credit score into your own hands! TECU is also going to be offering our members a FREE 30 day subscription so that you can see all the benefits of this great new product. 

The 30 day free trial period will officially start Monday October 23, 2017 and end on Tuesday November 21, 2017! To get started, click on the Credit View link in your online banking after you log in and accept the new terms and conditions. You can log in right now a few days ahead of the free trial on most internet browsers! At the moment Internet Explorer may experience some connectivity issues. You can try another browser such as Chrome, Firefox, Safari and others for the full experience. If you have any questions please call our offices at 416-238-5606 and learn how you can access your own CreditViewTM Dashboard account today.

Rotten Ronnie’s Haunt – Come in and get scared!

We wanted to let everyone know that our long time member Ronnie has a haunt that is growing bigger and bigger every year.  If you are looking for something to do this Halloween season in Scarborough, you should head over to Rotten Ronnie’s Haunt. It is a seriously legitimate operation that rivals any corporate pay as you go attraction. It is free to enter and donations are graciously accepted for Variety Village.

Check out the latest news article here…for more details and hours of operation.

Rotten Ronnie halloween

Rotten Ronnie halloween

Attention members!

Internet banking will be down for a short while this evening as necessary upgrades are done to our servers. Please be advised that we are diligently working on this problem and regret the inconvenience that some of you may be experiencing.

 

Credit View is now live!

TransUnion’s CreditViewTM Dashboard is an easy, interactive way to see important information from your TransUnion credit file. The Energy CU is the first credit union in Canada to offer this great product to our members! You can view your credit score, track how it changes over time, and even simulate what could happen to your score based on changes to your credit data. You can choose from an annual or monthly subscription to take your credit score into your own hands! TECU is also going to be offering our members a FREE 30 day subscription so that you can see all the benefits of this great new product. 

The 30 day free trial period will officially start Monday October 23, 2017 and end on Tuesday November 21, 2017! To get started, click on the Credit View link in your online banking after you log in and accept the new terms and conditions. You can log in right now a few days ahead of the free trial on most internet browsers! At the moment Internet Explorer may experience some connectivity issues. You can try another browser such as Chrome, Firefox, Safari and others for the full experience. If you have any questions please call our offices at 416-238-5606 and learn how you can access your own CreditViewTM Dashboard account today.

Are you travelling with your MemberCard outside of Canada?

If you’re planning on taking a trip outside of Canada, please contact us at 416-238-5606 prior to leaving. Our ongoing monitoring programs have identified increased levels of fraud in certain countries recently. As a result, debit card transactions may not be processed in those countries effective 1 November 2016. If you are a frequent traveler to the US, you can sign a Bond of Indemnity which would allow you to have full access of your card without having to notify us each time, for the states you specify. Some conditions apply. For more information please contact us at 416-238-5606.

We apologize for any inconvenience this may cause, but the security of our Members and their funds is very important to us.

International Credit Union Day 2017

The 4 Biggest Credit Union Myths

With International Credit Union Day right around the corner on October 19, 2017, we’d like to clear up the four biggest myths about credit unions.

  1. They aren’t big enough.

There are big and small credit unions, but just like banks, your deposits at a credit union are insured by the federal government up to $250,000. When you factor in that The Energy Credit Union gives you a personal touch while still giving our members all the products and services they can find at a large bank, why would you choose to be a faceless number?

  1. It will be hard to access my money.

Credit unions have access to a network of 30,000 free ATMs and 5,000 shared branching locations, making it easy for you to access your money anywhere. You can also access your Energy CU account 24/7 with our mobile app and online cyber teller. If you are not set up cal lour offices today!

  1. I can’t join.

Anybody can join a credit union. You may be eligible based on your employer, where you live, or your family, as most credit unions allow members’ families to join. We serve both active and retired employees of Toronto Hydro Corporation, Toronto Transit Commission Signals, Electrical, Communications (SEC), Gerdau and Southlake Regional Health Centre. Also included are individuals employed by any municipality as defined in the Municipal Act, 2001, individuals employed in any health care facility operating in the Province of Ontario and related persons, and any persons employed in the transportation sector or affiliated entities. Your immediate family can also become members here, and once you are a member, you are a member for life!

  1. They don’t offer as many perks as banks.

Credit unions offer the same financial products as banks—checking accounts, debit and credit cards, online banking, RRSPs (individual retirement accounts), and home and auto loans—but because they’re not-for-profit, they often offer better rates than banks. All our profits go back to our members in the form of free products and services. If you have any questions about how you can get he most out of your CU account please give out offices a call!