Thursday, January 21, 2010

HCCU 71st AGM


Tuesday March 9th 2010

Michelangelo's banquet Centre

Beginning at 7:00pm

Wednesday, January 20, 2010

Credit Union Central to Help Earthquake Survivors

In response to the tragic events that have unfolded in Haiti, Credit Union Central has issued a release with regards to how Credit Unions can assist members in donating to this much needed cause.


Credit unions across the country are mobilizing efforts to provide aid to victims of Tuesday's earthquake in Haiti.

"The credit union difference is defined by our belief in the co-operative principle of 'people helping people.' Our actions reflect this belief. As such, credit unions are urged to donate in response to this disaster and to consider reaching out to their members and facilitate the collection of member donations to help the people of Haiti survive this crisis."

Ontario credit unions can help members who want to donate by using the Ontario Credit Union Charitable Foundation's CanHelp program.

All individual donations may qualify for the federal government's $50 million matching program. The funds collected through the CanHelp program will be aggregated by the Foundation and then remitted to the Canadian Red Cross.

The Red Cross is also accepting corporate and individual donations here.



To insure your donations are put to their intended use in the fastest way possible, Hamilton Community Credit Union is directing all individual donations to the above mentioned charitable foundations.

For more information on how you can donate please contact Jordan Moat at jmoat@hccu.on.ca or by phone at 905-383-3395 x 104

Monday, January 4, 2010

Participation Rebate

On December 31st Hamilton Community Credit Union once again paid a Participation Rebate to our members who either earned or paid interest throughout 2009. For over 20 years now, HCCU has been sharing its profits with members in the form of a Participation Rebate.

The following is a message from our CEO Malcolm Stoffman regarding the 2009 Participation Rebate:

We have just gone through the year end process and as expected the Participation Rebate fell within the approved range of 3-4% range. In fact, HCCU paid a participation rebate of 4% with the full amount going to the member’s savings account.

While this amount is less than we have paid over the past several years it is still a very healthy return in comparison to what most other Credit Unions (and all banks) pay, and shows our commitment to this valuable benefit of membership even in challenging economic times. The total amount returned to members as a dollar value is $133,303.74.

Thanks to the staff and directors of HCCU for making this year a success through what will certainly be regarded as one of the most difficult years our local, national and international economies have seen in a very long time.

Hope you all have great New Years and a happy and healthy 2010.

Malcolm


If you have any questions regarding the Participation Rebate please contact either of our branches.