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

 

 

ucubiz Community Account – the Business Account for your Community or Not-For-Profit Organization

 


For over 75 years, UCU has supported the maintenance and growth of many Ukrainian cultural, educational, religious, and recreational organizations. UCU has sponsored and promoted many organizations that have contributed to the vibrant Ukrainian community life we experience today.

As UCU recognizes the impactful work of each group – it also helps many local community organizations and registered charities with their banking needs.

Most Community-Based Organizations Need Their Own Business Account

If you run a community organization or not-for-profit charity then it is advantageous to have a bank account in your organization’s name.

With an ucubiz Community Account your organization can:

  • Keep track of your organization’s money
  • Apply for government grants
  • Collect donations or fees

ucubiz Community Account – No Fee Business Account

With the ucubiz No-Fee Community Account, your organization and charity can keep more of its money since there is no fee for day-to-day transactional banking.

Some charges will be applied if your organization requires additional banking items such as:

  • Certified cheques
  •  Bank drafts
  • Personalized chequebook
  • Send Interac e-mail transfer

ucubiz Community Account May Benefit Your Organization

Open an ucubiz Community Account if your community organization or not-for-profit is one of the following:

  • Cultural – dance groups, choirs or theatre groups 
  • Sports - recreational youth and adult sports teams
  • Educational – Ukrainian based education activities or publications
  • Church – religious groups that support local churches
  •  Registered Charity

ucubiz Community Account – Supports your  Organization as it Grows

UCU will support your organization or charity as it grows by offering additional electronic payment options such as Merchant and Cash Management Services.

For more information please visit our website

 

Monday, July 13, 2020

Finance Your Home Improvement Project with a UCU Home Renovation Loan




Looking to remodel your kitchen or update your bathroom? Do you need to replace a refrigerator or repair a leaky roof? Before you reach for your credit card to pay for your home improvement project, consider a UCU Home Renovation Loan instead.

When choosing a financing option for your project, cash is always best. But if you do not have enough savings to cover the cost, then a UCU Home Renovation Loan may be a smarter financing option than using your credit card.

Use a UCU Home Renovation Loan to finance any home improvement purchases you would make using your credit card.


Apply for a UCU Renovation Loan to help:
  • Renovate your kitchen
  • Update your bathroom
  • Refresh your house with a new coat of paint
  • Repair your roof
  • Replace your dishwasher, refrigerator or stove
  • Replace your windows
  • Repave your driveway
  • Any other home improvement project

UCU Home Renovation Loan Advantages

There are many advantages to financing your home improvement projects with a UCU Home Renovation Loan, including:

Lower Interest Rates

UCU Home Renovation Loans typically have lower interest rates than credit cards. If you plan to carry a credit card balance to pay for your purchase, then you will pay less in interest if you opt for a UCU Home Renovation Loan instead.

That could mean a lower overall cost to your home improvement project.

Pre-Approved Loans up to $30,000

UCU has made applying for a Home Renovation Loan quick and easy with no upfront application fees.

Just visit your local UCU Branch and provide some basic financial information, including proof of employment.  A UCU Loan Specialist will then conduct a credit check to determine your credit score. A better credit score means lower interest payments on your UCU Home Renovation Loan.

With pre-approved loans up to $30,000, you can borrow a lot more money for your home improvement project than you could with a credit card.

Fixed Monthly Payments

UCU Home Renovation Loans come with affordable monthly payment options that will suit your budget.

You will have up to five years to repay your loan, with your choice of weekly, bi-weekly, semi-monthly or monthly payment schedules.

You can even set up an automated payment plan from your UCU Chequing Account for a more convenient repayment solution.

Improved Credit Score

Running up your credit card with expensive purchases could hurt your credit rating. If you repeatedly use up your available credit on a single credit card, that could lower your credit score. You could be viewed by creditors as not using your credit responsibly.

Taking out a UCU Home Renovation Loan for your home improvement project could free up your available credit on your credit card and preserve, or even improve your credit score.

Personal Loan Insurance Premium Protection
You can purchase personal loan protection insurance for your UCU Home Renovation Loan. Life, disability and critical illness insurance can help protect you from an unforeseen event, by paying the outstanding balance of your loan in the event of illness or death, or by making your regular loan payments in the event of a disability. 

Conditions apply and the cost of the premiums will be added to your loan repayment schedule.

More information about UCU Home Renovation Loans can be found on the UCU website 

Visit your local UCU Branch to apply.

UCU Auto Loan – the Smart Way to Buy a Car




For many of you, owning a car is a necessity - an essential mode of transportation needed to carry out everyday tasks. It is also the second greatest expense after housing. So when it comes time for you to buy a new or pre-owned car, getting the best possible deal on the price will likely be one of your top considerations.

Buying a car is not a simple process. You will probably spend countless hours poring over car listings and many weekends at dealerships test driving cars before you decide on the one that is right for you. Your ultimate goal is to buy a car that will serve your needs at a price that will fit your budget.
After you make your choice, the next step is to decide how to pay for it. If you do not have the savings to pay for the car in full, then your remaining option is to arrange for financing.

UCU Car Loan – a Better Financing Option

Financing the purchase of your car with a UCU Car Loan will give you the advantage of knowing the pre-approved amount of your loan and your loan repayment terms.

Just bring your UCU Loan pre-approval with you to the car dealership and you will be able to select a car that is in your price range. 

Knowing the top end of your budget may also put you in a position to negotiate a better price for your vehicle.

Dealer financing may be convenient - but it could end up costing you more

Financing the purchase of your car through a car dealership may be a one-stop shopping experience. But it may not always be the best choice. With dealer added fees and markups, you could end up spending more for your car in the end.

Dealer arranged financing is designed to make it easier for you to drive off the lot in your new car. But dealer financing is not a loan from the dealership - in most cases, it is a loan from a bank with the dealer adding extra fees.

If you chose dealer financing, the dealer will fill out your loan application and send it to multiple lenders to see which lender will approve your loan. This sounds convenient but it does have some drawbacks.

Disadvantages of Dealer Financing
  • You won’t be able to see the lenders’ quotes and you won’t be able to see if you are getting the best possible interest rate on your car loan
  • Car dealers make money by adding extra fees to your loan payment and by marking up the interest rate on your loan
  • 0% dealer financing is available to people with excellent credit scores – those with lower credit scores may not qualify
  • Your loan may be issued by a bank that is not located in your city or province – with no personal connection to you
UCU Car Loan Advantages

Lower Interest Rates - No Added Fees - No Markups

Applying for a UCU Car Loan means you are borrowing money directly from UCU, with no middleman, added fees or markups. 

UCU Loan Specialists do not work on commission, as car dealers do, and they will pass on the savings to you in the form of competitive interest rates. That means a lower overall cost for your car.

Pre-Approved Loan

UCU has made applying for a Car Loan quick and easy with no upfront application fees.

Just visit your local UCU Branch and provide some basic financial information, including proof of employment.  

A UCU Loan Specialist will then conduct a credit check to determine your credit score. A better credit score means lower interest payments on your UCU Car Loan.

With a pre-approved loan, you can buy a car that will serve your needs at a price that will fit your budget.

Custom Repayment Plan

UCU Car Loans come with affordable monthly payment options that will suit your budget.

You will have up to five years to repay your loan, with your choice of weekly, bi-weekly, semi-monthly or monthly payment schedules.

You can even set up an automated payment plan from your UCU Chequing Account for a more convenient repayment solution.

Personal Loan Insurance Premium Protection

You can purchase personal loan protection insurance for your UCU Car Loan. Life, disability and critical illness insurance can help protect you from an unforeseen event, by paying the outstanding balance of your loan in the event of illness or death, or by making your regular loan payments in the event of a disability. 

Conditions apply and the cost of the premiums will be added to your loan repayment schedule.

More information about UCU Car Loans can be found on the UCU website.
Visit your local UCU Branch to apply.


UCU Debt Consolidation Loan – Reduce your Debt, Improve your Credit Score



If you are carrying multiple credit card balances every month and are having trouble keeping up with your household bills or other loan payments, then a UCU Debt Consolidation Loan may help simplify your debt repayment process and keep you on track to becoming debt-free sooner.  Paying down your UCU Debt Consolidation Loan on time, every month could also give your credit rating a much-needed boost.

UCU Debt Consolidation Loan Quick Facts
UCU Debt Consolidation Loan will pay off your outstanding debts including debt from credit cards, household utilities or other loans and combine them into one big loan. Instead of paying each creditor individually, a UCU Debt Consolidation Loan will set up one repayment schedule with a lower interest rate and lower monthly payments.

UCU Debt Consolidation Loan Advantages
A UCU Debt Consolidation Loan will simplify your bill payments, lower your interest rates and save you money each month.

One Monthly Payment
No need to keep track of multiple payment due dates, or worry about late or missed payments on your credit cards, household bills or other loans. With a UCU Debt Consolidation Loan, you will only have to make one monthly payment to cover all your debts. This will help to relieve the pressure and stress of paying many different bills each month and also reduce the risk of being late on any monthly payment.

Lower Interest Rates
If you are carrying multiple credit card balances every month, you are paying very high-interest rates that are compounded every time you do not pay off your balance in full. That means you could end up paying more interest than you could in paying down your principal debt.

With a UCU Debt Consolidation Loan, you will have only one loan to repay with a much lower interest rate than your current credit card rates.

There are no upfront application fees when you apply for a UCU Debt Consolidation Loan. Just visit your local UCU Branch and provide some basic financial information, including proof of employment. You will also need to provide your credit card statements, household utility bills or any other loan agreements you wish to consolidate.  

A UCU Loan Specialist will then conduct a credit check to determine your credit score and the interest rate that you will be charged. A better credit score and steady income stream mean lower interest payments on your UCU Debt Consolidation Loan.

Pay Down Debt Faster
You can manage your debt easier with a UCU Debt Consolidation Loan.  With a lower interest rate and affordable monthly payment options, you will be able to pay down your debt sooner.

You will have up to five years to repay your loan, with your choice of weekly, bi-weekly, semi-monthly or monthly payment schedules.

You can even set up an automated payment plan from your UCU Chequing Account for a more convenient repayment solution.

Create a Household Budget
With a UCU Debt Consolidation Loan, you will know your repayment timeline – your monthly payment amount and exactly how long it will take you to repay your loan.  This will give you a clearer understanding of your overall finances and make it easier for you to create a household budget that will work for you.

Improve Your Credit Score
UCU Debt Consolidation Loan will help you stay ahead of credit damage by combining your high-interest loans into one lower monthly payment. By making your monthly payments on time, you will avoid late fees that can damage your credit score.  With regular monthly payments, you will improve your credit utilization – the credit you use up compared to the credit that is available to you. When you pay down your debt you also free up your available credit - and that can improve your overall credit score.

Personal Loan Insurance Premium Protection
You can purchase personal loan protection insurance for your UCU Debt Consolidation Loan. Life, disability and critical illness insurance can help protect you from an unforeseen event, by paying the outstanding balance of your loan in the event of illness or death, or by making your regular loan payments in the event of a disability. Conditions apply and the cost of the premiums will be added to your loan repayment schedule.

More information about UCU Home Renovation Loans can be found on the UCU website

Visit your local  UCU Branch to apply.

Thursday, June 11, 2020

UCU Wealth Strategies Group – Investment Advice to Help You Navigate a Volatile Stock Market




The COVID -19 pandemic has sent shockwaves through the global financial markets. After an 11-year bull market run (with a few blips in January/February 2016 and October-December 2018), the stock market has crossed over to bear market territory- which is defined as the value of stocks dropping by more than 20 percent.

This drastic downturn has created uncertainty about investing in a volatile market. But for those of you with robust savings, this can be a good time to enter the market and buy stocks at a heavily discounted price.

With interest rates on savings accounts at historic lows - investing your savings in stocks or mutual funds could pay a higher rate of return over the long term.

UCU Wealth Strategies Group and Credential Securities can provide expert advice to help you invest with confidence

Long Term Investment - If you have some money saved and are curious about investing, UCU Wealth Strategies Group and Credential Securities will work with you to create a personalized, long term investment strategy that will suit your financial needs.

Evaluate Existing Investment Portfolio - If you currently have an investment portfolio, a UCU Wealth Strategies Group and Credential Securities advisor can look it over and make recommendations to increase the rate of return on your investments.

What to expect when you contact UCU Wealth Strategies Group and Credential Securities
For over 15 years, the UCU Wealth Strategies Group and Credential Securities have been advising UCU Members on how to manage and make the most of their investment portfolios.

The UCU Wealth Strategies Team and Credential Securities can help:
  • Set financial goals
  • Create a personal investment strategy plan
  • Rebalance your investments
  • Create an estate plan
  • Create a retirement plan

First Meeting – Complimentary Consultation
The first meeting with a UCU Wealth Strategies Group and Credential Securities advisor will be a discovery session.
  • You will talk about your financial goals, your investment risk-taking level, and your current financial situation
  • Your UCU Wealth Strategies Group and Credential Securities advisor will provide an overview of the next steps in formulating your investment strategy
  • There is no fee for the first meeting and no obligation to commit to working with UCU Wealth Strategies Group


For more information about creating a personalized investment plan please visit our website


Disclaimer:

Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.

Monday, May 4, 2020

Thank you from St. Demetrius Ukrainian Canadian Care Centre

Staff at St. Demetrius Ukrainian Canadian Care Centre ready to face the challenges of working through the COVID-19 crisis

Though COVID-19 has put a big damper on a lot of our community activities, especially sponsorship of various events that have now been cancelled, we continue to do what we can to support our members and the communities we serve.

Recently our board made a donation of $2,000 to the St. Demetrius Ukrainian Canadian Care Centre for the purchase of personal protective equipment (PPE). We received a very nice thank you from the Centre which we have published below:

Dear Ukrainian Credit Union Limited
We cannot thank you enough for your support at this unimaginably difficult time for all of us!
As you are aware, long-term care homes are uniquely vulnerable to this disease. COVID-19 will not spare any long-term care home. We do have cases and our staff is doing everything possible to stop the spread of the virus in our Home. Our staff takes care of all the needs of our residents. In addition to providing physical care, we also do everything possible to ease the huge effects of isolation.  Our residents have recreational support and live video chats, connecting residents with their families. Given the lack of technical exposure of our residents, these live video chats are their lifeline to their families.
Thanks to the incredibly persistent efforts of our Director of Nursing, Halya Lyznyk, we were able to get 245 test kits in 2 days, while we were still hearing the news of not enough tests in long-term care. 
In the light of the spread of COVID-19 and the need for enhanced measures in our Home, our need for supplies and equipment has sharply increased and it will continue to grow in the months ahead. 
With this in mind, your donation is going directly towards purchasing of supplies and personal protective equipment which we need so much at this time. 
The fight against COVID-19 has started in our Home.
It is hard and we are bracing for a hard and long battle.
Some describe the situation in long-term care homes as a war zone. We, who come to work here every day, think of our Home for Seniors as a sanctuary, a place where humanity shines and the legacy of the many courageous Ukrainian Canadians who came to Canada after the WW2 continues to live.
From our Ukrainian Canadian seniors, who are entrusted in our care, we have learned the valuable lesson of the importance of faith, perseverance and solidarity to survive in the most adverse circumstances of all.
At this very difficult time, we feel very fortunate to have supporters like you, who reassure us that we are all together in this and in solidarity with each other. And I want to thank you again for your generous support to our residents and staff at the Care Centre.
We are more than happy to mention the Ukrainian Credit Union in our thank you to all of our donors who have supported us during this difficult time.
With kind regards, 
Anna Do
Manager of Development
St. Demetrius Ukrainian Canadian Care Centre
The Centre could use your help as well! IF you want to donate or just learn more about the St. Demetrius Ukrainian Canadian Care Centre, visit their website: www.stdemetrius.ca/.

Friday, May 1, 2020

UCU Collabria Mastercard Financial Relief Bundle

To help manage your expenses during the COVID-19 outbreak a temporary Financial Relief Bundle has been introduced for all UCU Collabria Mastercard holders. UCU Members with UCU Collabria personal or business Mastercards, who are experiencing financial difficulties due to COVID-19, are eligible to apply for the temporary payment relief program.


UCU Collabria Mastercard is providing additional support to all UCU Collabria Mastercard holders and new UCU Collabria Mastercard applicants by offering:
  • temporary payment deferrals and reduced interest rates to eligible Members
  • increased contactless (tap) credit card transaction limit
  • low-interest balance transfers on new UCU Collabria Mastercard applications


Contactless (Tap) Transaction Limits Increased to $250

The contactless tap limit on all UCU Collabria Mastercards has been raised to $250 from $100.

This will give you another cashless payment option for your purchases. It will also minimize your physical contact with payment terminals at grocery stores, pharmacies and anywhere else you may shop - wherever merchants have enabled the acceptance of the higher contactless tap limit.

You can now purchase up to $250 on a single transaction using the tap feature  If your transaction total is greater than $250, then you will be asked to insert your card and use the touchpad to enter your PIN code.

What you need to do:
  • no action on your part is required
  • your UCU Collabria Mastercard tap limit has been automatically upgraded

Minimum Payment Deferral

UCU Collabria Mastercard minimum payment deferral is available to UCU Collabria cardholders financially impacted by COVID-19.

Eligible cardholders will have their monthly credit card payments waived for up to 3 months with the possibility of extending the minimum payment deferral plan to 6 months if needed. This means if you qualify, you do not have to pay your minimum balance and your credit score will not be impacted as a result of the missed payments.

This is a payment deferral plan, not a payment forgiveness plan. The balance of your unpaid minimum monthly credit card payments will be added to your total credit card balance and you must pay it once the minimum payment deferral plan has ended.

Even though your monthly minimum credit card payments will be deferred, your interest rates will continue to accrue on your outstanding balance. You will have to pay the total interest accrued after your minimum payment deferral plan has ended.


What you need to do:
  • contact Collabria Cardholder Services at 1-855-341-4643
  • be prepared to discuss your financial situation with Collabria Cardholder Service
Reduced Interest Rate of 10.9%

UCU Collabria Mastercard is introducing a Temporary Interest Rate Reduction option to coincide with the Minimum Payment Deferral plan.

Effective April 13, 2020, all UCU Collabria Mastercards, except those with UCU Collabria Centra Gold or UCU Collabria FlexRate Mastercards, can qualify for a temporary interest reduction of 10.9% for up to 6 months.

UCU Collabria Centra Gold and UCU Collabria FlexRate Mastercards have interest rates lower than 10.9% and are not included in the program. UCU Members with those credit cards are eligible to apply for the minimum payment deferral portion of the financial relief plan only.

Eligible cardholders will have their monthly interest rates reduced to 10.9% for up to 3 months with the possibility of extending the program to 6 months if needed.


What you need to do:
  • contact Collabria Cardholder Services at 1-855-341-4643
  • be prepared to discuss your financial situation with Collabria Cardholder Services

Balance Transfers on all UCU Collabria MastercardsAvailable May 1, 2020 to July 31, 2020

UCU Collabria Mastercard is offering a temporary interest rate of 5.9% on credit card balance transfers from other financial institutions to your personal or business UCU Collabria Mastercard.
Transfer the credit card balance from other credit cards to your UCU Collabria Mastercard and consolidate higher interest rate credit card balances from other financial institutions to a lower UCU Collabria rate of 5.9%.

This offer is available on current or new UCU Collabria Mastercards from May 1, 2020, to July 31, 2020.

What you need to do:
  • contact Collabria Cardholder Services at 1-855-341-4643
  • be prepared to discuss your financial situation with Collabria Cardholder Services


For more information visit the Collabria website



Thursday, February 13, 2020

UCU is offering six different scholarships to help our student Members reach their academic goals



UCU supports students in our community by continuing to invest in their education. Over the past 10 years, UCU has awarded more than $134,000 in scholarships to post-secondary students recognizing both their academic excellence and their leadership roles within the Ukrainian community and the local community-at-large.

UCU scholarships help offset the rising cost of post-secondary education.

With the cost of post-secondary education skyrocketing including the cost of tuition, textbooks and living expenses, UCU scholarships may help reduce the financial burden many of our students face today.

If you are a student enrolled in a post-secondary institution and a Member of UCU for at least two years, then you are eligible to apply for the UCU scholarship that is geared towards your field of study.


Easy Online Application Process

UCU has simplified the online application process making it easier to apply for one of the six available scholarships.
  1. Select the scholarship that best matches your academic field of study by visiting the Scholarships page on our website.
  2. Follow the step-by-step instructions and upload all required documents
  3. Submit your application by the March 27, 2020 deadline
Please note: The application system is provided by a 3rd party, you will need to create an account before you can apply.