Monthly Interest Payments Start 31st May 2021
Just a reminder that on 31st May 2021, you will receive your first monthly savings interest payment, this is a change from the previous quarterly payments the credit union provided. Interest calculations are based on the lowest account balance during the month and the rates will be as follows, until further notice:
Accounts with balances of $10,000 or above *0.85%
Accounts with balances less than $10,000 *0.35%
*Please note that the rates quoted are per annum and are subject to change without notice
Interest Rate Announcement
Announcement from the TransCanada Credit Union (TCCU) Board of Directors:
Due to prolonged historically low lending rates, the TCCU board has made the difficult decision to reduce the savings interest rate. This change will ensure the continued financial stability of the Credit Union. The rate change is effective for the quarter 1st Feb 2021 to 30 April 2021. Members can rest assured knowing they will still continue to enjoy interest rates that are among the highest in the country and far superior to the big banks. Members should also keep in mind that all deposits are 100% guaranteed.
Interest Rate for 1st February - 30th April 2021:
0.85% for balances in excess of $10,000.00
0.35% for balances below $10,000.00
The Board is also pleased to announce that it has approved a change to the frequency of interest payments on savings accounts from quarterly to monthly. The first monthly interest payment will be for the month of May and will be made on May 31st, 2021. This change will bring us in line with most other financial institutions and members will benefit from the compounding effect of more frequent interest payments. Interest will be calculated based on the lowest account balance during the month.
2020 Profit Share
We are proud to announce that our 2020 Financial Year Profit Share, consisting of a 4% dividend to common share accounts, was paid to members on 15th January 2021.
Please remember you can top up your common share accounts to a maximum of $3,500.00 at any time, contact us at credit_union@tcenergy.com
Office Closure
After the latest round of COVID response measures announced by the Province, TC Energy has made the decision to close their offices, until further notice.
This means that the credit union office location will be closed until that time. We continue to work remotely, Monday - Friday, to service our members needs.
During this time we would ask that communication be performed via email, to: credit_union@tcenergy.com
5 Year Fixed Rate Mortgage from 1.89%
Limited Time Offer
For a limited time we are proud to offer you the ultra competitive mortgage rate from 1.89%* fixed for 5 years.
This offer is available on new purchases and mortgage transfers from other lenders, so even if you have an interest rate penalty to pay for leaving your current lender early, with this level of savings it could still be worth your while.
Please note this is a limited time offer than can be withdrawn at any time, so do not delay and lock in your rate for up to 90 days as soon as possible.
* Terms and conditions apply, contact the credit union for further information
For more rates click the button below
Limited Time $5k Giveaway!!!
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Special Offer - Vehicle Loans from 3.99%
Time to update your vehicle, trailer, boat or recreational vehicle? In fact, if it moves, we can likely provide you financing from as low as 3.99% for up to 84 months. This is a limited time offering and is subject to terms and conditions and qualification.
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