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RWRDS Daily Update August 28: Air Inuit partners with Air Canada Aeroplan & The next AIR MILES redemption event is incoming!
– RewardsCanada.ca
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On the surface, banking with a credit union may seem a lot like a traditional bank. But it’s not.
Credit unions are similar to commercial banks in that they offer chequing and savings accounts, mortgages, business loans, online banking and registered savings plans—all for lower or no fees than traditional lenders. But credit unions are co-operatives and therefore tend to be much smaller than the major banks.
Customers have to buy a one-time membership share to get started, said Wendy Brookhouse, certified financial planner and CEO of Black Star Wealth. “Walk in, say: ‘I’d like to become a member’ and pay for your membership share,” she said. “You’re now banking there.”
Photo Handout Wendy Brookhouse / The Canadian Press
Lower fees, higher community investment
As not-for-profits, credit unions are usually community-oriented, Brookhouse said. That makes them a good fit for socially conscious people who want their money to stay within their community…
New increased welcome bonuses of up to 21,000 Avion Rewards points on the RBC ION Visa cards
– RewardsCanada.ca
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