Thursday, September 17, 2020

Business Credit Cards - A UCU Webinar

In this webinar Roman Prokaziuk, Director, Business Performance at Ukrainian Credit Union Limited speaks about our business Mastercard offering. He explains the many benefits offered by our cards and helps you understand whether you should apply for the UCU Collabria No Fee Cash Back Business Mastercard®, the UCU Collabria Low Rate Business Mastercard®, or the UCU Collabria Platinum Business Mastercard®. Each has its benefits, but if you want to know which one is best for your business, then you should view this webinar.


 

Winning with Dividend Investing - A UCU Webinar

Roman Mlynko, CMT, CIM, CFP Wealth Strategies Consultant, at UCU and Investment Advisor at Credential Securities discusses the key benefits of dividend investing and how you can incorporate the strategy in your particular situation. This webinar was originally recorded on September 10, 2020.



ucublu too – No Fee Daily Chequing Account

 

ucublu too is an online chequing account that offers the services of a traditional chequing account plus a competitive tiered interest rate on the account balance.

ucublu too chequing account is accessed and managed by you online using your computer, smartphone, or tablet with no in-branch services are provided. Your local UCU branch teller will not have access to your ucublu too account and will not be able to perform transactions on your behalf.

Tiered Interest Rates

As more and more UCU Members conduct their everyday banking online – they eliminate the need to travel to their local branch to conduct financial transactions. Since ucublu too is a virtual chequing account - the cost savings of not using in-branch services will be passed on to you in the form of higher interest.

The ucublu too virtual chequing account can also give your savings a boost. With a tiered interest chequing account - the interest rate offered will increase as the balance of your account goes up.

ucublu too interest is calculated on your daily closing balance and paid on the last day of each month. The current ucublu too tiered interest rate can be found on the UCU App or website. (link to web page)

ucublu too No Fee Debit Card and Cheques

The ucublu too chequing account has a distinct debit card – separate from your full-service UCU debit card. With your ucublu too debit card you can access your online chequing account at all UCU and Exchange Network ATM’s.

You can also use your ucublu too no fee debit card at retailers to pay for your purchases.

If you prefer to use cheques - you can order cheques that will be issued from your ucublu too account.

ucublu too Features

  • Free Interac transactions
  • Free direct point of sale purchases by debit card
  • Free bill payments
  • Free chequing services
  • Free UCU and Exchange Network ATM transactions

No Monthly Fees – No Minimum Balance

There is no minimum balance required to maintain your ucublu too virtual chequing account – you will start earning the tiered higher interest rate on every dollar you deposit into your account.

There are no monthly fees associated with the ucublu too account but some services charges will be applied for NSF cheques, printed material requests and some UCU Call Centre transfers. A full list of services charges can be found on our website (link to website)

Overdraft Protection

You can apply for overdraft protection for your ucublu too account to cover any cheques that were cashed with insufficient funds in your account. Service charges will apply only when your overdraft protection is used.

Easy Online Application

Opening a new ucublu too account is quick and easy.

If you have a direct deposit of either a payroll cheque or monthly pension to one of your UCU accounts then you qualify to open a ucublu too account.

  • Just visit our website’s ucublu page and click on the Open an Account button
  • Complete the online application by providing the required personal and account information
  • A ucublu representative will contact you within 2 business days about your new account

For more information about the ucublu too account, please visit our website. Or click here to open an account: OPEN AN ACCOUNT.

ucublu – High-Interest Virtual Savings Account

 

ucublu is a high-interest savings account that operates completely online – with no in-branch services provided.

Only you can move money in and out of your ucublu high-interest virtual savings account using your computer, smartphone, or tablet.

More and more UCU Members are conducting their everyday banking online - eliminating the need to travel to their local branch.

Your local UCU branch teller will not have access to your ucublu account and will not be able to perform transactions on your behalf.

Higher Interest Rates

ucublu is a virtual savings account available only online and cannot be accessed by your local branch teller. This means the cost savings of not using in-branch services will be passed on to you in the form of higher interest rates.

ucublu interest is calculated on your daily closing balance and paid on the last day of each month. The current ucublu interest rate can be found on the UCU App or website. (link to web page)

Make Your Savings Work For You

ucublu is designed for long term saving and not intended for daily banking transactions. With unlimited deposits but only one free monthly debit – you can grow your money faster with ucublu virtual savings account.

ucublu has all the advantages of a term deposit without the need to lock in your money for a fixed period of time. You can move your money in and out of your ucublu account at any time – but you will be charged a service fee if you make more than one debit transaction per month.

With higher interest rates and no fixed terms – you can start saving today for whatever is most important to you.

No Monthly Fees – No Minimum Balance

There is no minimum balance required to maintain your ucublu virtual savings account – you will start earning the high-interest rate on every dollar you deposit into your account.

There are no monthly fees associated with the ucublu account - as long as you make no more than one debit transfer per month to your linked UCU full-service account.

If you make more than one withdrawal per month you will be charged a service fee of $5 for each additional debit transaction.

ucublu Features

ucublu deposits and debits are made through your linked UCU full-service savings or chequing account.

Deposits: ucublu online savings account encourages you to save money by offering an unlimited number of deposits free of charge:

  • Transfer funds from your linked UCU full-service savings or chequing account
  • Direct deposit of your payroll or pension
  • Automated deposit from your full-service UCU savings or chequing account
  • Direct deposit from your account at another financial institution
  • Balance transfer from another financial institution

Withdrawals: to encourage saving your ucublu online savings account limits your no-charge debit transactions to include:

  • One free monthly transfer to your full-service UCU savings or chequing account
  • Service charge fee of $5 for each additional monthly debit transaction

What Is Not Included

Since ucublu is an online high-interest savings account that promotes long term saving - the following transactions are not included:

  • ATM deposits or withdrawals
  • Point of sale Interac transactions
  • Automated transfers from ucublu to another financial institution or third party
  • In-Branch banking

Easy Online Application

  • Opening a new ucublu account is quick and easy.
  • Just visit our website’s ucublu page and click on the Open an Account button
  • Complete the online application by providing the required personal and account information

·         A ucublu representative will contact you within 2 business days about your new account

For more information about the ucublu account, please visit our website. Or click here to open an account: OPEN AN ACCOUNT.

 

Thursday, August 27, 2020

Buying Your First Home

Learn about buying your first home from Vlad Karman, one of UCU's most experienced lenders. In this webinar, Vlad does a deep dive on everything you need to know when you decide to buy your first home.



Wednesday, August 19, 2020

UCU Small Business Accounts – a Chequing Account for Each Stage of Your Business

 


Starting a small business involves creativity, planning, and a lot of hard work. But one of the first things a small business owner should do when starting a new business is to open a Business Chequing Account. A separate bank account for your business will set the foundation for future growth. It is necessary for:

  • Accurate bookkeeping
  • Building your business credit
  •  Provides a clear trail of your business revenue and expenses
  • Simplifies your taxes
  • Protects your liability
  • Builds a business banking relationship
  • Manage cash flow

As your business grows - so do your banking needs

UCU has a tailored business account that will provide targeted banking services for each stage of your business.

As your business grows, UCU will support your increasing business needs.

Stop paying for business banking services you do not use – select from a list of UCU Business Accounts that are designed to fit your specific business profile at a price that will help your small business grow.

Choose a ucubiz account that is right for your business

ucubiz Basic

The business chequing account for the small or new business that has relatively simple banking needs. Perfect for the business that makes a few transactions per month.

What it Offers:

  • 5 free eligible transactions per month
  • Service Charge for each additional transaction after the first 5
  • Free Internet Banking
  • Free Mobile Banking
  • Optional Business Overdraft Protection

What it Costs:

  •  $6.00 per month
  •  Monthly fee is waived if the minimum account balance is $5,000 or more

ucubiz Advantage

The business chequing account for your growing business needs. Ideal for the small business that makes up to 30 transactions per month.

What it Offers:

  • 30 free eligible transactions per month
  • Service Charge for each additional transaction after the first 30
  • Free Internet Banking
  •  Free Mobile Banking
  • Optional Business Overdraft Protection

What it Costs:

  • $25 per month
  • Monthly fee is waived if the minimum account balance is $50,000 or more

ucubiz Premium

The best value business chequing account for businesses whose banking needs require up to 60 transactions per month.

What it Offers:

  • 60 free eligible transactions per month
  • Service Charge for each additional transaction after the first 60
  •  Free Internet Banking
  •  Free Mobile Banking
  • Optional Business Overdraft Protection

What it Costs:

  •  $35 per month
  • Monthly fee is waived if the minimum account balance is $250,000

ucubiz Power

For the growing business that performs up to 150 monthly transactions. Power your business with more transactions and fewer fees.

What it Offers:

  • 150 free eligible transactions per month
  • Service Charge for each additional transaction after the first 150
  •  Free Internet Banking
  •  Free Mobile Banking
  • Optional Business Overdraft Protection

What it Costs:

  • $85 per month

ucubiz Quantum

The most comprehensive banking option for the business with a high monthly transaction rate. Ideal for the established business that requires more flexible, cost-efficient banking services.

What it Offers:

  • 300 free eligible transactions per month
  •  Service Charge for each additional transaction after the first 300
  •  Free Internet Banking
  • Free Mobile Banking
  • Optional Business Overdraft Protection

What it Costs:

  •  $175 per month

More information about UCU Business Account can be found on the UCU website

 

Tuesday, August 18, 2020

ucubiz Virtual Account – a Small Business Banking Solution for Your E-Commerce Needs

 


The COVID -19 pandemic has changed the way Canadians shop and many storefront retailers have been quick to respond to the changing economic landscape by shifting their daily operations to online sales.

Since small businesses were forced to shut their doors during the COVID -19 lockdown, many of them have turned to e-commerce to keep their businesses afloat.

Curbside pick-up and contactless delivery of products have surged – and as a result, many small businesses are considering making e-commerce a permanent component of their daily operations.

Grow Your Business and Your Business Savings

The ucubiz Virtual Account is a small business account for Members who want an online banking solution that will complement their growing e-commerce business.

This small business account is operated and managed by you online - you can move money and pay your bills with your ucubiz virtual account using your computer, smartphone, or tablet.

You will save time and money by not having to visit your local branch to conduct your business transactions – time and money that you can put towards growing your business instead.

No Monthly Fee – No Minimum Balance – No Service Charges

ucubiz Virtual Account is designed for small business owners who prefer to conduct their banking transactions online.

No Monthly Fees will be applied to your account - most banking transactions will be performed by you and not your local Branch teller.

No Minimum Balance required to maintain your account.

No Service Charges will be added to your account for transactions using:

  • UCU and Exchange Network ATM
  • Electronic Credits
  • Online Banking
  •  Mobile Banking

Added Features

  • Two FREE in-branch banking transactions each month
  •  Business Overdraft Protection option

ucubiz Virtual High-Interest Savings Account

When you open an ucubiz Virtual Small Business Account you will automatically receive a ucubiz Virtual Savings Account. This is a higher interest savings account that will allow your business savings to grow.

  • Current interest rate is 0.25%

For more information about the ucubiz Virtual Small Business Account, please visit the UCU websiteucubiz