Financial Literacy Presentation on April 8

VantageOne Financial Corp. and VantageOne Credit Union are pleased to partner with the Pre-Employment Supports Program to bring you a Financial Literacy Presentation!

Join us on April 8, 2024, at Head of the Lake Hall starting at 5:00pm for an engaging presentation filled with valuable insights.

Come out to connect, learn, and enjoy the event. Plus, attendees will have a chance to win some awesome door prizes!

Mark your calendars!

Learn more about our Financial Ability Program or apply to host a presentation here!

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Service Charge Changes Effective March 1

As a member-owned financial cooperative, we prioritize keeping service charges reasonable and only adjust them when absolutely necessary. Our last change was in 2011/2012, and after careful consideration, we’ve found it necessary to reassess our fees due to increased costs.

Starting March 1, 2025, you’ll see updated account package charges. We have conducted a thorough review of our fees in relation to costs and compared them closely to the market.

While we anticipate minimal impact on most members, please be aware that some fees have lowered along with lowered included transactions, while some packages have increased. For more details, please refer to the links below.

We encourage members who may be impacted by these fee changes to reach out so we can review their monthly transaction needs and help avoid any unexpected fees.

Overview of Consumer Changes New Consumer Account Packages Overview of Commercial Changes New Commercial Account Packages
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PowerUp Your Savings: Term Deposit Special

Much like starting the New Year with a resolution to get healthy, building muscles and savings takes time and consistency. It doesn’t happen overnight, but the more effort you put in, the greater the results will be.

Even small deposits or contributions, when made regularly, can grow into significant savings over time!

Take advantage of our limited time offer of 3.45% on the 18 month non-redeemable term*.

  • Rate is for Existing and New Money
  • Minimum Deposit $500.00 for Adult Accounts
  • Minimum Deposit $100.00  for Youth Accounts
  • Ready to invest? Call us or Visit us to get started

Important Note: If you don’t have the $500 minimum right now, check out our Term-Builder product below!

What is the Term-Builder Product?

This is a great product whether you are looking to stow some money away for a rainy day, vacation or something special,  the Term-Builder will help you get there on your terms and build lifelong savings habits along the way! Start by setting a goal amount and target date, then work with our team to set the payments and frequency. Every little bit counts, and this product will help you get started. Minimum deposit is $100.

What are the benefits of the Term-Builder?

  1. Build a savings routine. By setting up automatic transfers, you establish the habit of setting money aside. It’s easy to incorporate into your budget, and you can accumulate funds by consistently saving even as mall amount.
  2. Set it and forget it. With automatic transfers, you’ll have one less thing to think about. Since it’s automated, you can focus on other aspects of your life while still working toward your financial objectives.
  3. Save on your terms. You have full control over how much you wish to save, where to allocate it based on your short- or long-term goals, how frequently, and for how long. It doesn’t get more flexible than that!

 

*Terms & conditions apply, offer subject to change. For consumer and commercial. Ask us for more details.

 

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Winter Newsletter

Our Winter Newsletter is available now!

  • Glenn shares the CEO message and a recap of 2024
  • The AGM in 2025 is announced and
  • We are seeking qualified applicants for our board of directors

Read it here

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IMPORTANT: Canada Post Strike

You may have heard about the Canada Post mail service disruption due to strike.

We want to ensure that you are aware of the various ways you can continue to access your account information in the event of a postal service disruption.

Due to mail delivery being effected, members will not be able to send or receive financial documents by mail, and the distribution of monthly statements and cards will be delayed.

We encourage you to take advantage of the support and services VantageOne offers to keep you informed and in touch:

  • Sign up for e-statements, ask us how!
  • Call us
  • Utilize Online Banking & our Mobile App
  • Visit us in branch
  • Night Deposit
  • ATM service
  • Online Chat  – click the conversation bubble in the lower right of your screenPotential Canada Post Strike Canada Post strike updates can be found at: www.canadapost.ca 
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November is Financial Literacy Month

Colouring Contest from November 1 to November 30

Stop by one of our branches or print off a colouring sheet here to bring in!
Youth 12 & under could win 1 of 4 prizes of $50 deposited into a youth BOO$T savings account.

Financial Literacy Event at the Vernon Library

Join us and local community partners for a special reading of our youth financial literacy book The Adventures of Cashman and SuperSaver.

About the Book
Loonie and Toonie each want a new bike, but they don’t have enough money. Good thing Cashman and Supersaver are here! Supersaver likes to save her money up, while Cashman chooses to spend his. Can Loonie and Toonie earn enough for new bikes with the help of the superheroes? Using familiar scenarios and timeless characters, The Adventures of Cashman and Supersaver introduces children to the basic financial concepts of earning, spending and saving. Kids can practice what they have learned with interactive fun learning worksheets! Read a recent news article featuring the book here.

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Earn up to $1,000 with our Business Welcome Bonus!

Move your business account to VantageOne and take advantage of these limited time offers:

The Commercial Welcome Bonus includes up to:

$500 Cash from VantageOne Credit Union when you open an operating account plus obtain one other product from the list below:

  • Telpay cash management services (accounts payable, accounts receivable, payroll management and more) with 3 months of free transactions and waived application fee
  • 8760 merchant services to accept credit, debit, and online payments with 3 months of free terminal rental
  • Collabria credit card with First Year Annual Fee Rebate and 5,000 Welcome Points

    The total value is estimated at over $1,000!

Ask us for further details!

Already a member? You can earn up to $1,000 when you refer your friends, learn more here.

Phone
Local calls: 250.545.9251
Toll free: 1.888.339.8328

*Earn up to $1,000. For new commercial members, self-employed individuals or for-profit corporations only.

*Terms & conditions apply. Offer subject to change at any time.

 

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Scam Alerts: Local, Online and more

For a current listing of scams, please visit the Canadian Anti-Fraud Centre.

——– February 12, 2025 ——–

Residents across the Central Okanagan are being asked to speak with their elderly family members and friends about the risk of an ongoing “grandparent scam” that is circulating.

According to the RCMP, several people in Kelowna and West Kelowna have fallen victim to scammers who have collected over $20,000 in cash. The scammers collected the money from people who thought they were helping their grandchildren, police said in a news release.

“Police said that the scammer impersonates the grandchild or as a lawyer on their behalf. The scammer then asks for money to secure the grandchild’s bail following an alleged arrest. Once the victim has withdrawn the money, the scammers arrange a pick up location or even arrive at the victim’s house. In most of the cases reported to the RCMP, a woman wearing a face covering arrives, takes the money and leaves on foot.”

Learn more here

——– January 23, 2025 ——–

Canadian police services are alerting the public about a Canada Carbon Tax Rebate e-Transfer scam currently circulating via email and text message. This scam may involve look-alike domains and phishing websites designed to deceive recipients.

Please note that this scam is likely to resurface periodically, particularly around the distribution dates for the Canada Carbon Tax Rebate which are:

  • January 15
  • April 15
  • July 15
  • October 15

Below are examples of fraudulent email/text messages you may receive.

 

——- December 10, 2024 ——–
Canada Post Scam Alert

With the Canada Post strike and the holiday shopping season underway, Canadians are facing a fresh wave of scams, particularly delivery scams, as fraudsters take advantage of the situation to trick people into parting with their money.

Here’s how these scams work and how you can protect yourself:

How the Scams Work:

  1. Phishing Emails or Texts: Scammers often send fake emails or text messages claiming to be from Canada Post or another delivery service. They might tell you there’s an issue with your delivery or that customs fees are due. The message will typically include a link to a fake website where you’ll be asked to enter personal information, like credit card details or your address.
  2. Fake Delivery Notices: Another common scam involves receiving a fake delivery notice, either in the mail or digitally. These notices might claim that a package couldn’t be delivered and that you need to pay a fee to have it rescheduled or released. Some even create a sense of urgency by stating that your package will be returned or destroyed if you don’t act quickly.
  3. Fake Tracking Links: Fraudsters may also provide fake tracking numbers that lead to a fraudulent website. The website might look like an official delivery site, but it’s designed to steal personal information or install malware on your device.

How to Identify Bad Actors:

  • Check the Source: Official communications from Canada Post will always come from an official domain (e.g., “@canadapost.ca”). Be wary of messages from unfamiliar email addresses or numbers.
  • Look for Red Flags: Watch for urgent messages that ask for personal details or payments. Legitimate companies will never ask you to pay for services through strange or untraceable methods (like wire transfers, cryptocurrency, or gift cards).
  • Spelling and Grammar: Scammers often make mistakes in spelling, grammar, and formatting. Official communications are usually professionally written.
  • Verify Tracking Information: If you receive an email or message with a tracking number, double-check it on the official Canada Post website by entering it directly. Don’t click on any links in the message.

How to Protect Yourself:

  1. Do Not Click on Links: Avoid clicking on suspicious links in emails, texts, or messages, especially those asking for personal information or payment.
  2. Verify Contact Information: If you receive a suspicious message claiming to be from Canada Post, contact their customer service directly using official contact details to verify the legitimacy of the message.
  3. Use Secure Payment Methods: Never provide payment details through unsecured channels. Always use secure payment methods and look for HTTPS in the URL before entering any personal information online.
  4. Report Scams: If you’ve been targeted by a scam or have received suspicious communications, report it to the Canadian Anti-Fraud Centre (CAFC) or the Canadian Radio-television and Telecommunications Commission (CRTC).

With the rise in scams during busy seasons like the holidays, being vigilant and cautious is crucial to avoid falling victim to fraud.

Learn more about the scams here.

——- October 21, 2024 ——–

Local Online Marketplace Scam

Local police have issued a warning to the public following several people in the Okanagan falling victim to a scam that originates from local online marketplace buy and sell sites.

How does the scam work?

  1. You as the seller, post an item for sale online.
  2. You are contacted by “the buyer” offering to pay you full price for the item you are selling.
  3. “The buyer” claims they will e-transfer the funds to you, asking you to check your email for the notification.
  4. In the email, there is a link that once clicked, takes you to a “legitimate-looking” banking webpage.
  5. The seller is then asked to enter their banking information along with their phone number to receive a verification code through a text message
  6. Once that information is entered, scammers then have direct access to your bank account and can transfer funds out.

How can you avoid this scam?
Police recommend that the sale of online marketplace items be done in a public place with cameras.

If you have fallen victim to a scam, please reach out to your local RCMP detachment Vernon North Okanagan detachment – British Columbia (rcmp-grc.gc.ca)

Protect yourself from fraud, learn more here.

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Earn Cash – Refer Your Friends!

Referrals = Rewards for current members!

Current members can earn $50 per successful referral, up to a maximum of $1,000*!

There are 2 easy ways to participate:

  1. Online –  fill in this form with your friend’s phone number and we will reach out to discuss the Welcome Bonus & book an appointment. Make sure you give your friends a heads up that we will be calling!
  2. In person – Visit a branch or call us and pick up some referral cards to give to your friends. Ask them to bring it with them to their appointment (or Print this form)
    Reminder:     Ask your friend to bring in their referral card or provide our staff with your full contact details at the time of the account opening so that you can get your reward!

How do you get paid?

  • If the friend you refer completes the New Member Welcome Bonus step one within 60 days, you will have your $50 deposited into your account within two weeks from the requirements being met.

*Terms & Requirements

  • Offer is valid for successful account openings only. New members must reach all requirements in step 1, in order to trigger the referral bonus to you. Learn more about the New Member Welcome Bonus here.
  • This offer is for a limited time only and is subject to change at any time.
  • Ask us for further details!
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$600 New Member Welcome Bonus

Program Details

New members can earn up to a $600* Welcome Bonus!

How does it work?

  1. Open an account with VantageOne.
  2. Meet the requirement in the 1st Tier and earn $200. (Note: All Tier 1 must be met first before moving to Tier 2, Tier 1 must be completed within 60 days)
  3. Meet the requirements in the 2nd Tier to earn the second $200, for a grand total of $400
  4. Meet the requirements in the 3rd Tier to earn the third $200, for a grand total of $600!
  • Tier 1 Two Items from below:
    • Set up an auto credit (Payroll, Pension, etc)
    • Set up a pre-authorized debit to go through the account (Utility, Property Tax, etc.)
  • Tier 2 Two Items from below:
    • Overdraft
    • Term Deposit or Investment (VOCU side) – $500-$1,000
    • Registered Product (TFSA, RSP, RIF, RESP, RDSP)
    • Activated Collabria Credit Card from VantageOne
    • Mortgage/Loan
    • LOC
  • Tier 3 One Item:
    • Investment with VantageOne Financial of a minimum of $25,000 in investments or any Life/Disability Insurance

Eligibility

  1. Age 19 years or older.
  2. Meet minimum standards to open an account with VantageOne
  3. Has not been a Consumer member with VantageOne or not a member for at least 3 years
  4. Equity requirement must be met
  5. Six month hold on all Welcome Bonus Amounts
  6. Tier 1 must be completed within 60 days to move to the next Tier, All remaining Tier requirements must be completed within 90 days of the open of the account
  7. *For new consumer members.
  8. Terms & conditions apply. Offer subject to change at any time.

    Please call us or visit us in branch to learn more!

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