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What's New!
Tax-Free Savings Account:
Click HERE! to view our TFSA leaflet.
January will bring the new Tax Free Savings Account, you invest your money
at a competitive rate and you pay no tax on the interest earned when you
withdrawal the funds. We offer a savings section or for even better interest
rates, 1 to 5 year terms. You can deposit to the account with a payroll
deduction or you can borrow the money to enable you to deposit the maximum
$5,000. allowed each year.
We also have a new service offered on your ATM card. When you make a
purchase with your card you can have the purchase rounded up to the nearest
1.00 or 5.00, your choice. The change over and above the purchase will go to
a savings account where it will accumulate until you need it.
Overdraft protection:
Open a new chequing account and have direct deposit of your pay into the account and we will give you an automatic overdraft of $1,000.
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A b o u t U s
| Mission Statement |
"To be all we are and all we can be to our members. Our success depends on you."
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| News & Information |
When you join our Credit Union, you become a member, a share holder, with all the rights and privileges to help decide the direction the Credit Union should pursue.
The MGF Credit Union is run by a Board of Directors elected by the members at the annual meetings. Our Directors develop policies to ensure that our daily operations comply with our provincial partners, the Financial Services Commission of Ontario (FSCO), Deposit Insurance Commission of Ontario (DICO), and the Credit Union Central of Ontario (CUCO). Any Credit Union member is eligible to become a Director. All you have to do is let you name stand for election. Remember, as a share holder, you are entitled to have a vote at the annual meetings. Your opinion matters.
Presently, our capital shares are valued at $11.00 each and when you join the Credit Union you must purchase 5 capital shares. This share capital remains on deposit in your account and then it will be returned to you. At year end, all the profits made by the Credit Union are returned to the members in various forms. In the past, we have given a rebate on your loans and a dividend on your shares. Our members have been pleased with a distribution of profits for several years. In order to reap the benefits mentioned above, you simply have to join your Media Group Financial Credit Union. Once a member, always a member.
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