Category: News

Your LFFCU – Shelter from the Financial Storm

Every day, new headlines broadcast the latest financial furor south of the border. While financial markets falter, Canada’s credit union system remains strong and calm, protected by well designed lending policies and sound regulatory structures. And although Canada’s economic outlook

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VSA – Vital Signs Absent

Does this describe your savings? Don’t panic. It’s not too late to revive your financial situation. Why save? It seems like a silly question, but many Canadians don’t know the answer. We are spending more than we make. There are

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We are tempted to live a life we cannot truly afford

As consumers, we are bombarded with offers to ‘take it home today’ yet do not pay for 12 months. According to Statistics Canada, for each dollar of disposable income, Canadians owed $1.16. This 2005 ratio will no doubt climb in

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Does this sound familiar?

Ask Yourself if the following statements sound too familiar. Your pay doesn’t stretch to the next payday You are living on your credit cards to make ends meet You are living on payday loans You are feeling stress from money

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International Financial Reporting Standards (IFRS)

The Canadian Accounting Standards Board requires all publicly accountable entities to adopt IFRS (International Financial Reporting Standards) for interim and annual financial statements relating to fiscal years beginning on or after January 1, 2011, including the restatement of comparative prior financial

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