• GIC Alternative
• Estate Planning
• Trust Services
• Protect Your Assets
• Choosing Life Insurance

GIC Alternative Offers Several Unique Benefits

Other Resources FAQ Section Visit our FAQ section for more information on investment options. Rates If you are looking for our investment rates, click here Financial Planning Tool You can also click here to access our on-line financial planning tool.  Credit Unions, ATMs & 'Ding Free' ATMs  To find a list of Credit Unions, ATMs & 'Ding Free' ATMs please click here Financial Fitness Advice from OMISTA Experts What is a Mutual Fund and Why Should I Invest in Them? Know your Goals Before You Start Investing RRSP is a Gift to your Future The Learning Center Need more answers? Visit our contact page and submit your question through the "Who can help me?" link or call one of our financial experts at any of our three branches.

It’s a delicate balance for every investor - and a dilemma in today’s low interest rate environment. So-called “safe” investments like guaranteed investment certificates (GICs) and government bonds just don’t provide the returns they once did.

How do you protect your principal investment while providing yourself with growth potential?

The answer to these contrasting needs may be a segregated - or seg – fund. A segregated fund invests in a basket of investment alternatives (similar to mutual funds), and can offer as much as 100 per cent guarantee on your principal* regardless of the market’s performance.

For example, if you make a deposit of 10,000 and it grows to $20,000 at maturity, 10 years later, you will receive $20,000*.  But if the markets take a turn for the worse and the value of your contract slides to $7,000 at maturity, you still receive your original deposit of $10,000*.

Segregated funds can be an appealing choice if you are retired or nearing retirement.  A segregated fund lets you participate in the historically favourable returns provided by equities while preserving your principal.  Conservative investors will appreciate segregated funds as an alternative to GICs.  Finally, if you have estate planning needs, a segregated fund can help preserve the value of your estate and ensure assets are passed on without the cost and delay often associated with settling an estate.

For more information on segregated funds or how Credential Financial Strategies Inc. can assist you with any of your financial planning, insurance or investment needs, call Ozzie MacKay, your Credential Financial Strategies Inc. Representative, today at 858-7909 or drop by Credential Financial Strategies Inc. located adjacent to OMISTA Credit Union at 1192 Mountain Road for a no-cost, no-obligation consultation.

Your insurance contract will provide details of the coverage available under the plan you choose.

Restrictions may apply.
*Less proportionate reductions for withdrawals.

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 is a registered mark owned by Credential Financial Inc. and is used under licence.