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Revelstoke Credit Union, British Columbia
December 24, 2018
5:26 pm
Retep
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I have reviewed rates here a few times. And, I think, are pretty good. I did contact them years ago and communication was good. I don’t remember if I had to go there or if could do by mail to sign up. I think by mail......and then not sure how I would do a GIC. These folks are probably better than Motive.

Any comments from BC members?

Rates here. https://www.revcu.com/Personal/Rates/RCU%20Rate%20Sheets.pdf

Edit.
After a closer look only the 5 year rate looks good.

It is a worth while effort to turn on ALERTS on your Credit Cards and Bank/Credit Union Accounts.

December 24, 2018
6:35 pm
gicjunkie
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I live in Ontario and had an account with them. Transactions done by mail or on line. Had a GIC at a pretty good rate. Service was very good. Unfortunately when it came to closing the account, the accumulated member rewards amount, a company profit sharing plan result, could not be paid out until 2 years after the account was closed. Some kind of strange constitution rule. Very frustrating.

December 24, 2018
7:59 pm
Loonie
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I was under the impression that those of us out of province could not join BC Credit unions. At least this seemed to be the case with Coast Capital (when a provincial CU) and VanCity.
Not true?

December 24, 2018
8:11 pm
Retep
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Coast Capital is going federal.....horrible customer service and rates = x customer.
I moved across the parking lot to VanCity with great service and not so good rates. But good for my day to day needs. Not sure if they accept out of province customers. Rates here https://www.vancity.com/Rates/TermDeposits/NonRedeemable/

But I was with Coast Capital and moved to Alberta and was able to continue to be a customer.

It is a worth while effort to turn on ALERTS on your Credit Cards and Bank/Credit Union Accounts.

December 24, 2018
8:29 pm
gicjunkie
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Loonie said
I was under the impression that those of us out of province could not join BC Credit unions. At least this seemed to be the case with Coast Capital (when a provincial CU) and VanCity.
Not true?  

As I said above, we were members up until a few years ago without being a resident of BC and we did not ever go to their office to open the account. We just phoned them and then mailed, emailed or faxed relevant docs and cheques to them. Don't know if things have changed since then.

December 24, 2018
9:22 pm
Loonie
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I just noticed that Revelstoke CU has a very impressive 3 year Escalator, minimum 50K. Offer expires Dec 31.
https://www.revcu.com/Personal/ProductsAndServices/Investing/TermDeposits/

Since it's the time of year when re-runs of The Sound of Music abound, I say, "Climb every mountain"!

Definitely worth an inquiry, if you are in a hurry to place 50K+ for 3 yrs.sf-cool

I wouldn't want to have to get there in person this time of year though. Might lose my nest egg in an avalanche!sf-cry
However, if you drive an ex-army tank, it might work!

Perhaps they would fax or email you the forms. Then you may have to courier back with a cheque in order to meet the deadline, if interested. And it might just be worth the expense.

December 25, 2018
6:27 am
gicjunkie
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Often, once you establish contact with the institution, they will offer you a window of about 10 days in order to complete and submit the forms and a cheque. Doesn't hurt to ask.

It is probably very pretty there at this time of the year if you do like fresh air and like wintery vacations. I have seen photos. They are surrounded by mountains.

Good luck with the process. The deal is tempting.

December 25, 2018
7:24 am
Loonie
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I don't think I'll be doing this one. I did 3 GICs this month, and another still in the works. Then there was rejigging the one year GICs at Hubert for the new rate, RSP-RIF withdrawals for taxes, and end of year calculations and planning. I've had enough for now!

I've only been in Revelstoke in summer, when landslides were an issue!

December 28, 2018
12:48 pm
Bud
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Revel 3yr deal ends in Dec will see if it continues into january

December 28, 2018
3:03 pm
Canadianbull
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are they insured by anyone?

December 28, 2018
3:07 pm
Top It Up
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December 28, 2018
3:42 pm
Retep
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Does it cover non-residents?

It is a worth while effort to turn on ALERTS on your Credit Cards and Bank/Credit Union Accounts.

December 28, 2018
5:05 pm
Canadianbull
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December 28, 2018
7:20 pm
Bud
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Who's in charge of B.C. CUs the Revel deal shoulda been posted here when it began first week of Dec.

December 28, 2018
11:25 pm
Loonie
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hotmony said
Who's in charge of B.C. CUs the Revel deal shoulda been posted here when it began first week of Dec.  

Nobody is "in charge of BC CUs." But if you'd like to volunteer your time
to maintain a watch on the 42 BC CUs, and post what you find noteworthy, I'm sure we'd all be grateful.

December 29, 2018
9:04 am
Nehpets
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Loonie said
Nobody is "in charge of BC CUs." But if you'd like to volunteer your time
to maintain a watch on the 42 BC CUs, and post what you find noteworthy, I'm sure we'd all be grateful.  

Now that's comedy!

January 5, 2019
9:35 am
Bud
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