Member NewsFall 2018

Diversify your savings

Regular SavingsIt’s important to have money at your fingertips when the unexpected happens, or when an investment opportunity arises. With our Regular Savings, you’ll enjoy some of the best rates in the market, always backed by our 100% Deposit Guarantee (guaranteed by the Deposit Guarantee Corporation of Manitoba).

Term Deposits Term deposits are a safe and reliable way to grow your wealth over time. They are a perfect choice if you are saving for a specific goal that’s a year away or more – you’ll lock your funds away so they're untouchable, enjoy the added interest boost, and have the funds available when it’s time for retirement, saving for a down-payment, or an amazing getaway.

TFSAs and RRSPs Instead of leaving your money in a variable savings account within these products, consider diversifying your portfolio to include term deposits or other investments. That way, your savings are tax-sheltered, and you’ll have the potential to grow your wealth faster over time.

We want to help you live life and save for it. With savings options that include variable accounts, fixed-rate term deposits, tax-free savings accounts, and registered products, we have a product designed with your unique needs in mind, no matter what you’re saving for.

Building a strong financial future starts with a plan, and we believe that plan should include a diversity of savings vehicles, which will help you maximize your savings and protect you from the ups and downs of the market over time.

Take the next step One of the easiest ways to reach your savings goal is to automate your savings. How much will you save each month? How often will you contribute, and into which of your savings accounts? Once you've made these decisions, you can choose your monthly saving schedule, set up transfers to happen automatically, and then simply watch your savings grow!

Are you ready to save more? We can help! Call us today at 1.800.728.6440 to book an appointment with a Member Financial Relationship Advisor, or visit scu.mb.ca/mysavings to learn more about how we can help you reach your goals!

SCU COLLABRIAWorld

Mastercard®

SCU COLLABRIA

Travel Rewards Gold Mastercard®

SCU COLLABRIA

Centra Visa* Gold Card

SCU COLLABRIA

Visa Infinite Business* Card

Choose your card today! Visit scu.mb.ca/creditcards to learn more and apply online.

We are pleased to offer our members a limited time rebate on select credit cards. This rebate applies for the primary card, as well as the first additional card. Choose any one of the following new credit cards and we'll reimburse your first year's annual fee.

Limited time offer: Annual fee rebate2 on select cards

Primary card: $120 $0First additional card: $50 $0

Primary card: $99 $0First additional card: $30 $0

Primary card: $50 $0First additional card: $10 $0

Primary card: $99 $0First additional card: $50 $0

®Collabria trademark is Collabria Financial Services’ property. ®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. 1Insurance coverage is underwritten by American Bankers Insurance Company of Florida (ABIC). ABIC, its subsidiaries and affiliates carry on business in Canada under the name of Assurant Solutions®. Assurant Solutions is a registered trademark of Assurant, Inc. Details of insurance coverage, including definitions, benefits, limitations and exclusions, are in the Certificate of Insurance. The Certificate of Insurance is available online at collabriacreditcards.ca/scu. Insurance coverage is subject to change. 2Annual fee will appear on your first credit card statement. We will issue a credit to your SCU account within 30 to 60 days of card activation. The fee rebate applies for the primary card, as well as the first additional card. Limit of one rebate per member. Some conditions apply. Offer ends on December 31, 2018. 3Eligibility for rewards and/or account credit is subject to the terms and conditions of the FlexRewards program. For full terms and conditions, visit flexrewards.ca. 4Insurance coverage is underwritten by Desjardins Financial Security Life Assurance Company. This document is provided for information purposes only. For details of the coverage, refer to the insurance contract or insurance certificate available online at collabriacreditcards.ca/scu. Some conditions and restrictions apply. Insurance coverage is subject to change.

Introducing our new SCU Collabria credit cards!What are you looking for in a credit card? Low interest rates? Low fees? Amazing rewards? With our new SCU Collabria credit cards, we have the card to fit your needs — and your lifestyle!

Whether you choose Visa* or Mastercard®, every one of our new credit cards comes with standard benefits, such as Extended Warranty and Purchase Protection1, Zero Liability Fraud Insurance1, and Global Customer Service.

Not sure which card is right for you? Explore them all: scu.mb.ca/creditcards

Member News Fall 2018

As you’re considering your credit card options, you may wonder about the merit of paying annual fees for a credit card. Are these cards worth the extra dollars you pay just to hold the card? It depends.

No fee credit cards mean you won't pay an annual fee. They make sense if you don’t intend to use the card often (emergency use only, for example), if you’re just building your credit, or if you simply don’t spend enough money on credit card purchases to earn rewards that break even cost-wise with the annual fee amount.

However, cards that include the FlexRewards3 program and additional “lifestyle” benefits can offer tremendous value and money-saving potential. In addition to rewards, some cards offer benefits for travel such as car rental insurance, or price protection that ensures you pay the lowest price. All of our credit cards come with exceptional global customer service, zero fraud liability, and include double the manufacturer's warranty1 on most purchases.

When deciding on a card with an annual fee, start by reviewing your spending habits to understand where you make major purchases.

For example, if the majority of your purchases are made by credit card, consider the World Mastercard, where you'll earn 2 points for every dollar you spend (on most purchases).

Finally, it’s important to pay attention to rebates and specials offered with credit cards. These perks definitely offset the cost of an annual fee, and provide additional value.

With our new SCU Collabria credit cards, you’re sure to find a card that will reward your lifestyle. Learn more: scu.mb.ca/creditcards

We’ve chosen a suite of credit cards designed to meet your needs. Not only does this include an amazing FlexRewards Program3, you’ll get additional perks perfectly suited for you. Here’s an overview of some of these amazing benefits, and the cards that offer them!

Always pay the lowest price across Canada. If you find a lower price for a recently purchased item, we’ll refund the difference when you use your World Mastercard, or your SCU Collabria Visa Infinite Business Card. (Some restrictions apply.)

Our best travel coverage includes 24/7 emergency travel assistance, auto rental collision and loss insurance, emergency health care coverage, trip cancellation protection, and more! Enjoy worry-free travel with our World Mastercard, Travel Rewards Gold Mastercard, and US Dollar Mastercard.

When you use your Student Mastercard, Cash Back Mastercard, FlexRate Mastercard, or Classic Mastercard to purchase a mobile device, we’ll help cover you in case of damage or theft, so you can get back in touch right away.

Do cards with annual fees make sense for you?

All new cards | Many great benefits

A credit card for your business

USD Mastercard

Price Protection Service Comprehensive Travel Benefits4 Mobile Device Insurance1

Looking for the perfect card for your business?

Look no further than our SCU Collabria business credit cards for no fee, low rate, or elite reward options.

SCU Collabria No Fee Cash Back Business Mastercard®: A simple business card solution with no annual fee. Earn cash back for purchases your business regularly makes.

SCU Collabria Low Rate Visa* Business Card: Our lowest fixed-rate business card that helps keep costs down, streamlines expense reporting, and makes budgeting a snap.

SCU Collabria Visa Infinite Business* Card: Build valuable rewards and elite privileges for your business. Sign up for this business credit card, and we’ll rebate your first year's annual fee on your primary card, as well as your first additional card2.

Learn more and apply online today: scu.mb.ca/bizcreditcards

Carry the card that’s as rewarding as your US travel.

Experience the convenience of a credit card designed uniquely for the US shopper, our new SCU Collabria US Dollar Mastercard. Make online purchases with ease, or travel anywhere in the United States and you’ll enjoy hassle-free shopping without having to worry about fluctuating currency or currency conversion fees. And, wherever you go in the United States, you’ll earn valuable points that you can redeem for cash, gift cards, merchandise, or travel rewards.

This card comes with great benefits for travellers, including Emergency Health Care Coverage, Trip Cancellation and Trip Interruption Insurance, and more4!

Apply for yours today: scu.mb.ca/uscreditcard

A subscription trap can trick you by offering “free” or “low-cost” trials of products and services. Products commonly offered are weight loss pills, health foods, pharmaceuticals, or anti-aging products. Once you provide your credit card information to cover shipping costs, you are unknowingly locked into a monthly subscription. Delivery and billing can then be difficult, if not almost impossible, to stop.

Scammers use websites, emails, social media platforms, and phones to reel people in. Remember, offers that seem too good to be true are often designed to rush you into making a decision.

Tips to protect yourself

Trust your instincts. If it’s too good to be true, don’t sign up.

Before you sign up for a free trial, research the company and read reviews. The Better Business Bureau is a great source of information.

Don’t sign up if you can’t find or understand the terms and conditions. Pay special attention to pre-checked boxes, cancellation clauses, return policies, and any vague charges.

If you go ahead with a free trial, keep all documents, receipts, emails, and text messages.

Regularly check your credit card statements for frequent or unknown charges.

If you have trouble cancelling your subscription, contact your credit card provider, your local consumer protection organization, or law enforcement agencies.

If you suspect a scam, report it to the Canadian Anti-Fraud Centre (1.888.495.8501). Learn how to protect yourself online: scu.mb.ca/online-banking-security

Source: The Little Black Book of Scams, Second Edition, Competition Bureau Canada, 2018

It's easy! Tell a friend or family member why you love SCU. When they join, you'll be entered into our draw! Visit scu.mb.ca/referral to refer a new member today!

Winners may choose a savings account or term deposit. One prize per branch will be awarded. Deadline for entry is December 31, 2018.

Subscription TrapsGood deals can bait you into falling for expensive traps!

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Refer a member for a chance to WIN one of three $500 cash prizes!

DorisMartensDirector

Bruce PennerDirector

Henry Van de Velde

2nd Vice-Chair

Reg Penner

Chairman

RobertDueck

Director

Russ Fast

1st Vice-Chair

RobPennerDirector

MariaReimerDirector

AmandaPeters

Director

All information in this newsletter is subject to change without notice and is not binding on decisions made by SCU.