Whether you're saving for your first home, your child's education or a comfortable retirement, partner with Buduchnist Credit Union to achieve your goals.

From investment advice to financial planning, a full range of products and services is available through Buduchnist.

• Guaranteed investments
  • Term Deposits
  • Guaranteed Investment Certificates (GIC)
• Mutual Funds*
• Full Service Brokerage*
  • Online Trading*
• Education
  • RESP
• Retirement
  • RRSP
  • RRIF
  • LIF
• Financial Planning
• Contact a Credential Securities Inc. Investment Advisor

Term Deposits are well suited for short term goals. The interest rate is guaranteed and there is flexibility to withdraw all or part of your funds prior to maturity.

For a minimum deposit of $1,000, you can choose a term from 30 to 364 days. Interest is paid at maturity. Term deposits are renewed automatically unless otherwise specified.

At Buduchnist Credit Union your deposits are insured by the Deposit Insurance Corporation of Ontario to a total of $100,000 for non-registered accounts and up to $100,000 for each RRSP and RRIF contract. For more information visit the DICO web site at www.dico.com.

GICs keep your investment safe by guaranteeing your rate of return for the term you choose. Our interest rates are competitive and we offer a wide variety of terms.

For a minimum deposit of $1,000, you can choose from terms of 1 to 5 years. Interest is paid annually and/or at maturity. Renewal is automatic unless otherwise specified. GICs are available in both Canadian and U.S. funds and are RRSP, RIF, LIF and RESP eligible.

At Buduchnist Credit Union your deposits are insured by the Deposit Insurance Corporation of Ontario to a total of $100,000 for non-registered accounts and up to $100,000 for each RRSP and RRIF contract. For more information visit the DICO web site at www.dico.com.

For more information on guaranteed investments contact a Financial Services Officer.

Mutual funds are investments that pool your money with others to purchase a variety of individual securities. Buduchnist Credit Union offers a wide range of mutual funds through Credential Asset Management Inc. and Credential Securities Inc. for either your non-registered or registered plans.

Contact a Credential Asset Management Inc. Mutual Funds Investment Specialist or a Credential Securities Inc. Investment Advisor for more information.

Full Service Brokerage*

Credential Securities^® is a full-service investment dealer providing Canadians with access to a wide range of investment products and services.

Through Buduchnist Credit Union's partnership with Credential Securities you have access to a wide range of investment options including:

• Over 2000 mutual funds* from Canada's leading mutual fund companies;
• Publicly traded stocks on Canadian and U.S. stock exchanges;
• Income trusts, preferred shares;
• Government and corporate bonds.

Take the next step in our financial partnership! Arrange to meet with a Credential Securities Inc. Investment Advisor.

Credential Direct^®* combines the power of on-line trading with the values of your Credit Union.

Trade any time, anywhere while enjoying the benefits of:

• Competitive commission pricing;
• A user-friendly web-site;
• Detailed real time quotes;
• Stock screening and technical analysis tools.

Credential Direct lets you integrate your on-line investing with your Buduchnist savings. It's easy to move money between your chequing account and your investment account with the Electronic Funds Transfer service.

With Credential Direct you can also take advantage of low commission rates. Trade up to 1000 shares through Credential Direct for as little as $25.00! This is one of the lowest rates currently available in Canada.

Click here to learn more about Credential Direct and on-line trading.

A Registered Education Savings Plan is a government approved plan which allows you to save for your child's education by allowing investments to grow tax-free until your child is ready to attend a post-secondary institution. At that time, any investments or part thereof may be withdrawn and any interest will be taxed based on the child's current income and personal tax rate. Parents or grandparents can open a RESP for a child.

Effective June 22, 2007, the RESP Annual Limit of $4,000 was eliminated and the maximum Lifetime Limit was increased to $50,000 for 2007 and subsequent taxation years.

The Canada Education Savings Grant (CESG) program adds further incentives to contribute to a RESP. The federal government will contribute an additional 20% annually per child on the first $2,500 deposited into a RESP. You may also  be eligible for an additional 20% grant  on the first $500 RESP contribution depending on your family's net income.
 

If your child was born on or after January 1, 2004, your child could qualify to receive the Canada Learning Bond (CLB).  Eligibility for additional CESGs and CLBs is determined by the family's net income and entitlement to the National Child Benefit (NCB) supplement.  Please note that some restrictions apply for RESP beneficiaries ages 16 and 17.

Investment options for RESPs include: term deposits, GICs, daily interest savings, mutual funds*. Regular automatic contributions are also an easy way of building your child's RESP.

At Buduchnist Credit Union your deposits are insured by the Deposit Insurance Corporation of Ontario to a total of $100,000 for non-registered accounts and up to $100,000 for each RESP contract. For more information visit the DICO web site at www.dico.com.

For more information on RESPs contact a Financial Services Officer.

Saving for your future is one of the most important investments you will make during your lifetime. RRSPs help you take advantage of tax incentives while building a nest egg for retirement. At Buduchnist, we'll help you customize a strategy designed to help you achieve your retirement goals.

You can contribute a maximum of either 18% of your earned income or $19,000 less pension adjustments for 2007 to a RRSP. To find out how much you can contribute check your Notice of Assessment from last year's tax return to see how much you can contribute. You can also carry forward indefinitely any unused contributions from 1991. Catching up on unused contributions from previous years is made easier by taking advantage of a RRSP Loan.

By contributing as early as possible, you can also benefit from the longer effects of compound interest. Regular monthly deposits make contributing to your RRSP so much easier by eliminating the need for lump sum contributions by the annual deadline within the first 60 days of the year.

To make the most of your investments and reduce your risk consider a well diversified portfolio. BCU offers a full range of investment products to meet your retirement goals.

For more information on retirement plans contact a Financial Services Officer.

A RRIF is a popular option available for drawing income from your registered retirement plan. Instead of cashing in your RRSP and incurring a large tax burden, RRSPs can be converted to an RRIF which allows a gradual withdrawal of the funds over time.

Converting your RRSP to a RRIF can be done at any age. The Canada Revenue Agency (CRA), however, requires that you make this conversion by the end of the calendar year in which you turn 71 years of age. With your money in a Buduchnist RRIF, you can continue to control your investments. Within the guidelines set out by CRA, you can determine the level of income you wish to receive - and change it periodically if you wish. You pay tax on income as you receive it, and the remaining balance within your RRIF continues to generate tax-free interest until it is withdrawn.

Any investments, be they GICs, mutual funds*, or individual securities may be eligible for a transfer from your RRSP holdings to a new RRIF.

Contact a Financial Services Officer for more details.

A Life Income Fund and a Lock-In Retirement Income Fund are personal retirement income funds. You can open these types of funds with the money transferred out of your company pension plan when you leave your employer or retire. LIFs and LRIFs offer you a regular income stream which is taxable as it is withdrawn. Both have rules about minimum and maximum withdrawals.

Contact a Financial Services Officer for more details.

You've set your goals for the future. A financial plan can help you achieve them.

Whether you're saving for your first home, your child's education or a comfortable retirement, a financial plan takes those seemingly overwhelming goals and shows you how they can easily become reality.

A very simple financial plan can ensure that your investments stay on track, your net worth continues to increase and your assets are protected.

Our Life Events Planner can take you through the financial planning process at your convenience.

For a secure future and peace of mind take the next step in our financial partnership.

Estate planning

Estate planning is an essential part of a complete financial plan. It involves more than just writing your will. An estate plan sets out the distribution of your assets according to your wishes and with the greatest possible benefit for your beneficiaries.

Why is estate planning important?

An estate plan:

• preserves your wealth
• puts you in control of the distribution of your wealth
• ensures that your wishes are fulfilled
• minimizes taxes

What does an estate plan involve?

• transferring assets to your beneficiaries in a timely manner
• looking after the people and causes you care about
• reducing estate administration costs
• adopting strategies for minimizing taxes
• protecting yourself, your beneficiaries and your assets with life insurance
• power of attorney
• valid and current will

It's never too early or too late to prepare an estate plan. BCU's Wealth Management Department can help. Together, we'll review your individual priorities and available options. We will then design a comprehensive estate plan to meet your goals and provide for your beneficiaries efficiently and tax-effectively.

Contact a Credential Securities Inc. Investment Advisor

At Buduchnist Credit Union we'll outline your options, clarify your choices and design a plan to suit your lifestyle.

Whether it's only a short term investment or a long term strategy, let a Financial Services Officer or a Credential Securities Inc. Investment Advisor help you make the right financial choices for achieving your goals. Contact us today.

 *Mutual funds are offered through Credential Asset Management Inc. and mutual funds and other securities are offered through Credential Securities Inc. and Credential Direct^®, a division of Credential Securities Inc., which operates as a separate business unit. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated. Credential Securities Inc. is a Member-CIPF.

Credential Financial Strategies Inc. is a member company under Credential Financial Inc., offering financial planning, life insurance and investments to members of credit unions and their communities.

^®Credential, Credential Securities and Credential Direct are registered marks owned by Credential Financial Inc. and are used under licence.