Earn 50% More Rewards Points!

Bananas? Milk? Bread? Whatever you put in your shopping bag gets you extra points. That’s because you’ll automatically receive 50% more reward points for every dollar spent to purchase groceries on your Collabria® credit card between May 1 and July 31, 2020.

You’re buying groceries anyway, so why not stock up on points at the same time? It’s just another way we’re helping our Members get ahead.

Learn more about the Terms and Conditions

This offer is available until July 31, 2020 on all Collabria consumer rewards credit card accounts (Cash Back, Centra Gold, FlexRate, World, Infinite, US Dollar, Travel Rewards Gold) and business rewards cards (No Fee Cash Back, Platinum Business Mastercard, Visa Infinite Business). During the promotional period, cardholders will receive additional (50% more) bonus reward points on every dollar spent on ‘Grocery’ merchant category. Classic, Student and Low Rate Business credit cards are excluded from this offer.

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Staycation Summer Loans

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Sign up for our Email Updates!

 

Stay up to date by email on the latest information, news and promotions at VantageOne.

Our CEO email updates are currently delivered monthly to our members to keep you informed of everything going on at YOUR credit union.

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5.9% Balance Transfer Promo

 

It’s always important to be strategic about your finances. That means consolidating your balances, managing your financial health, and minimizing interest rates on multiple cards.

That’s why we want to offer you a special 5.9% annual interest rate on balance transfers to any VantageOne Collabria* credit card. By taking advantage of this special rate, you’ll get to:

  • Consolidate your balances and pay only one interest rate on balances
  • Save on annual fees from multiple cards
  • Enjoy this 5.9% balance transfer rate on as many balance transfers as your credit card limit allows for the next six months from the date of transfer

This offer is available until January 31, 2020. So why wait?

To view all credit card options and take advantage of this offer, click here.

Terms and Conditions

¹This offer is available until January 31, 2020 on all consumer and business credit card accounts, except the US Dollar card. During the promotional period, cardholders will be able to transfer balances to a Collabria credit card at the promotional annual interest rate of 5.9%. The US Dollar card is not part of this promotional offer. Please refer to your Cardholder Agreement for further details regarding Collabria cards that are eligible for this offer. You can also access this agreement to see what applies to the card of your choice.

BALANCE TRANSFER PROCESS: Balance transfers can be requested after the cardholder receives and activates their card. They can initiate a balance transfer via MyCardInfo (online banking), in their branch or by contacting Cardholder Services. The cardholder requires the destination biller/payee name as well as the account/card# associated with the account. The minimum transfer amount without promotional offers is $100.

BALANCE TRANSFER PROMOTIONAL OFFER: The promotional 5.9% annual interest rate for balance transfers applies for 6 months from the date of transfer and will be applied automatically. When the promotional rate ends, your standard interest rate will apply. The promotional balance transfer rate can only be used during the promotional period November 1, 2020 to January 31, 2020. This offer may be withdrawn or ended at any time without prior notice. This offer applies to consumer and business credit cards. The US Dollar card is excluded from this offer. Account credits on a credit card, which is the money the card issuer owes you, cannot be transferred as a balance transfer to a Collabria credit card.

²This promotional offer does not apply to transfers between Collabria accounts. Please continue to make your regular payments on transferred accounts until you receive confirmation that the transfer has been completed.

³In order to receive the promotional 5.9% annual interest rate for balance transfers, a minimum transfer amount of $500 is required and you can transfer as many balances as your credit card limit allows during the promotional period, as long as each transfer is $500 or more.  The minimum transfer amount without promotional offers is $100.

*To identify a Collabria-issued credit card, please check the credit card back; the issuer (Collabria) is always stated on the bottom left corner. If the credit card issuer is listed as Collabria, this card is not eligible for a balance transfer to another Collabria-issued credit card.

Collabria Financial Services Inc. (“Collabria”) is an independent entity from your credit union with no ownership interest in the other. If you choose to obtain Collabria credit card services through a referral from your credit union, it will receive compensation from Collabria.

®The Collabria Mastercard is issued by Collabria Financial Services Inc. pursuant to a license from Mastercard International Incorporated. Mastercard is a registered trademark and the circles’ design is a trademark of Mastercard International Incorporated.

The Collabria Visa Card is issued by Collabria Financial Services Inc. pursuant to a license from Visa. *Trademark of Visa Int., used under license.

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Take Our Member Survey!

 

 

There is nothing more important than the health and financial well-being of our members. We understand these are difficult times and feel that right now, it’s especially important to keep open lines of communication with our members.

Every response will be reviewed by our CEO and Senior Leadership team as we continue to provide you with an easy and comfortable way to share your thoughts and feedback.

We are all in this together and appreciate you letting us know how we can serve you best as we all move together into a phase of adjusting to a “new normal”.

Survey closes soon!

Take our quick survey its about 6 minutes long:

Take Survey Now!

 

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Main Branch ATM Update

Our ATMs at the Vernon Main Branch location at 3108 33 Avenue are now envelope-less! Once you have finished entering your deposit, you can insert all of your cheques and/or cash at once then review and confirm and you are done.

Going envelope-less has the added benefit of saving paper and trees!

Stop by and check them out, our ATM vestibule at Main Branch is open from 6am to 10pm daily.

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Canada Emergency Student Benefit (CESB) Available

Apply today!

To help post-secondary students and recent graduates who will experience financial hardship over the summer due to COVID-19, the Government of Canada is launching the Canada Emergency Student Benefit through the Canada Revenue Agency (CRA) on Friday, May 15.

What is the Canada Emergency Student Benefit (CESB)?

The CESB will provide income support to post-secondary students who lost work opportunities due to COVID-19 and are not receiving the Canada Emergency Response Benefit (CERB) or Employment Insurance (EI). Eligible students will receive $1,250 per month from May through August 2020, or $2,000 per month for students with dependents and those with permanent disabilities.

Who is eligible?

Students are eligible to apply for the CESB if they:

  • are enrolled in a post-secondary education program leading to a degree, diploma, or certificate;
  • ended their studies or graduated no earlier than December 2019;
  • are high-school graduates who have applied for and will be joining post-secondary programs in the coming months; and
  • are Canadian students studying abroad who meet one of the above criteria.

How to apply and register for direct deposit?

VantageOne is working with the Canada Revenue Agency (CRA) to help members receive benefit payments faster and securely through direct deposit into your VantageOne account.

If you don’t have a VantageOne account, you can open one here.

To register for direct deposit through the CRA, you can sign up now through VantageOne Online or banking following these 2 steps:

  1.  Complete the online form to register for CRA direct deposit.
  2. Apply for the CESB benefit

Questions?

For questions regarding the federal government’s eligibility and application process for the CESB program, please refer to the Government of Canada’s CESB Page

 

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Board of Directors Election Results

Thank you to those members who voted in our 2020 Board of Directors election. The election closed on April 24, 2020 and the following individuals were elected for a three (3) year term:

  • Wilf Mulder
  • Juliette Cunningham

Ballot CountCandidate                              Number of Votes     Percent of Votes                 
Wilf Mulder (incumbent)              140                               41.18%
Juliette Cunningham                     117                              34.41%
Akbal Mund (incumbent)               83                               24.41%
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CEBA Application Now Open!

The following information is about the original CEBA program. For the expanded program that includes businesses with a 2019 payroll below $20,000 –  CEBA 3.0 program please click here.

CEBA Program

VantageOne Credit Union is committed to supporting our business members through this difficult time. We are pleased to announce that we are now accepting applications for the federal government’s Canada Emergency Business Account (CEBA).

The Canada Emergency Business Account program is designed to help cover operating costs for businesses, during a period where their revenues have been temporarily reduced, due to the economic impacts of the COVID-19 virus.

About the program:

  • The program provides $40,000 in loans that are interest-free up until December 31, 2022. The loan will remain interest-free until December 31, 2022.
  • No minimum monthly principal payments are required until December 31, 2022.
  • Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000).
  • If the loan is not repaid by December 31, 2022, the remaining balance will be converted to a three-year term loan at 5 percent interest.

Program eligibility:

  • Must have an existing, active business account at VantageOne Credit Union prior to March 1, 2020. VantageOneCredit Union must be your primary financial institution.
  • Business account must be in good standing and not in arrears on existing borrowing products as of March 1, 2020.
  • Must be a Canadian operating business in operation before March 1, 2020.
  • Must have a federal tax registration.
  • Must have a 15-digit Canada Revenue Agency Business Number (BN), as reported at the top of your 2019 T4 summary of Remuneration Paid (T4SUM).
  • Total employment income paid in the 2019 calendar year must be between $20,000 and $1,500,000, as reported in Box 14 of your 2019 T4SUM.
  • You must not have applied for CEBA at another financial institution. Applying for this benefit at more than one financial institution may result in prosecution by the federal government.
  • Must not be a union, charitable, religious or fraternal organization. If it is an entity owned by such an organization, it must be a registered T2 or T3010 corporation that generates a portion of its revenue from the sales of goods or services.
  • Any person applying for the CEBA loan on behalf of an organization must have the authority to attest on behalf of that organization and bind the organization to the terms of the CEBA loan agreement.
  • The Borrower must also agree to participate in post-funding surveys conducted by the Government of Canada or any of its agents.

​​​​​My business requires the consent of more than one signatory to commit to an action. Can I still apply?

  • Yes, please ensure that only the authorized signer of your VantageOne business account applies. We cannot accept multiple applications from the same business account.
  • Two to sign accounts will require a director’s resolution.

If I have multiple businesses, can I enroll each business in the CEBA program?  

  • Yes. Each business entity that you have may enroll for the CEBA, however, each business must individually meet the eligibility criteria and operate as a separate active business. Holding companies are not eligible. 

​​​​How can my business use these funds?

  • Per requirements of the program, as set out by the federal government, funds from the loan must be used to pay for operating costs that cannot be deferred, such as payroll, rent, utilities, insurance, property tax and regularly scheduled debt service.​


    Preparing to apply

    We are now accepting applications. You can get ready by:

    1.) Review the criteria above to determine if your business is eligible.

    You can also review the Government of Canada’s CEBA site at https://ceba-cuec.ca/ for more details.

           2.) Locate the documents you will require to apply:

  • Your Canada Revenue Agency Business Number (BN) (15 digits) as reported at the top of your 2019 T4 Summary of Remuneration Paid (T4SUM)
  • The employment income reported in Box 14 of your 2019 T4SUM
  • A copy of your 2019 T4 Summary of Remuneration Paid may be requested. You can contact the Canada Revenue Agency to have them re-issue your 2019 statement if needed.

How to apply (Desktop Computer Only)

We are accepting applications through Business Online Banking.

  1. Login to Business Online Banking
  2. Click on account services (left side navigation)
  3. Click on Apply for the Canada Emergency Business Account
  4. Complete the Form and SubmitWhat to expect after submitting an application:
    The entire process from application to processing to funding can take between 5 to 10 business days. Qualifying applications will be required to electronically sign loan documentation and attestation
APPLY NOW

 

The Commercial Services Team
1.250.545.9251 or 1.877.545.1957
info@vantageone.net
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News Release – Peachland Time to Travel Contest Winners

VantageOne Credit Union is excited to announce the winners of our Peachland branch’s “Time to Travel Contest”. This contest was exclusive to our Peachland branch to reward and thank our loyal members and to welcome new members. The contest started on November 1st and concluded with our prize draw on April 15th. In light of the COVID-19 pandemic, our winners were awarded cash instead of the travel gift cards.

Congratulations to the lucky winners!

First Prize ($1,500 cash) – Patricia Dunn

Second Prize ($800 cash) – Ainsley Bender

Third Prize (travel luggage approx value $700) – Myra Brackstone 

VantageOne Credit Union and our Peachland branch would like to thank our members and the community of Peachland for your continued support.

“It was great to see how successful the contest was and to watch it spread through Peachland by word-of-mouth and referral, we could really feel the support of the community”, says Erin Chadwick, Account Manager at the Peachland branch. “We are proud to volunteer and donate to many great causes in this community, and to see support come back to us with people choosing to invest locally with VantageOne, really meant a lot!”

We would also like to take this opportunity to remind members, we are here for you, and we know you need our advice and support now more than ever.

“During this difficult time we have been working hard to accommodate our members and still offer them all the help they need with the great service they are used to,” says Lenka Anderson, Member Services Manager a the Peachland branch, “We are here to help you with everything from opening accounts to guiding you through online banking or any ATM help you may need. Please do not hesitate to call us with any questions you may have.”

 

About VantageOne Credit Union

As a community-based credit union, we are owned by our members and operated by people who live here and are deeply invested in our communities. Our history as a credit union reaches all the way back to 1944 when we opened our first branch in Vernon. Since that time, we’re proud to have become a vital part of the local business economy. We offer services through six branch locations through the Okanagan in communities including Peachland, Armstrong, Edgewood and Vernon.

We offer Consumer & Commercial Banking Services, Wealth Management and Leasing Solutions.

News Release – View Now

Media Contact  l  Kirsten Regel, Vice President of Marketing l   kregel@vantageone.net

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