Our 2024 Initiatives
In 2024, WFCU and its divisions reinvested over $397K† into our communities supporting 141 organizations across 185 events, programs, initiatives, and teams.
397000
141
185
As we welcome a new year, we look forward to bringing new and exciting community investment initiatives to the regions we serve!
Five reasons RRSPs should be part of your investment strategy.
One of the most powerful tools available in Canada for planning for your financial future is a Registered Retirement Savings Plan (RRSP). Whether you’re starting your career, nearing retirement, or somewhere in between, an RRSP offers numerous benefits that can help you build wealth for the days ahead.
If you’re still undecided about opening an RRSP, check out our latest blog by Jil Scott, Manager, Sales & Services at WFCU Credit Union, who outlines five compelling reasons to take the plunge.
New Mortgage Rules Expands Eligibility in Canada
As of December 15th, new mortgage rules have expanded eligibility for mortgage insurance to homes valued at up to $1.5 million. Under these rules, first-time home buyers must put down a minimum of 5% on the first $500,000 and 10% on the portion between $500,000 and $1.5 million. This change acknowledges the realities of today’s housing market, particularly in high-cost areas.
The updated rules also make first-time home buyers with insured mortgages and any buyer of a new build eligible for 30-year amortizations, as opposed to the previous 25-year limit.
If you’re looking to buy your first home, our WFCU mortgage experts are here to help!
