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Financial Planning

Discover the Power of a GREAT Plan

OCU Wealth Management helps you balance your needs of today with your goals of tomorrow. Together we can develop your own, tailor-made plan to help identify and achieve your financial goals. From saving programs, retirement planning, protection for what you love and estate planning, OCU advisors will help you find your starting line and support each step moving forward.

Invest well, with your unique lifestyle needs in mind

We gather all quantitative and qualitative information related to your current situation and analyze it with respect to your goals, needs and priorities. It is important that we have a complete understanding of your specific, personal financial situation before we make any recommendations. Through thoughtful conversation, we then implement your personalized strategies, discuss and mutually agree on implementation action, responsibilities, and time frames.

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OCU Wealth Management is supported by a full range of products and services.
  • TFSA Tax Free Savings Account
  • RRSP Registered Retirement Savings Plan
  • RESP Registered Education Savings Plan
  • Term Deposit
  • GIC Guaranteed Investment Certificate
  • Mutual Funds
  • Segregated Funds
  • Determine your goals, needs and priorities – what’s important to you?

The first step of the approach is to understand your financial goals, needs and priorities. Each person’s story is different and we need to hear yours. This will help determine whether we can provide what you are looking for and whether we can meet your expectations. This is an important part of ensuring a long-term relationship.

Ways OCU Wealth can help you:

1. Build a retirement plan, tailored to you
2. Invest well, with your unique lifestyle needs in mind
3. Create peace of mind, knowing your loved ones are protected
4. Create an estate plan that reflects your values
5. Protect your business or plan your succession strategy

At Osoyoos Credit Union, we can assist you with expert advice, taking the time to understand you and what you need for your future.

Retirement Plans

Build a retirement plan, tailored to you. We will agree on a timeframe for monitoring and evaluating each of the financial strategies based on your goals, needs and priorities. We will then review and assess your progress, update your current situation, and clarify your goals and priorities to determine and discuss any necessary revisions to your plan.

We help by:

  • Guiding you ‘to and through’ retirement.
  • Reviewing and making recommendations in your personal retirement plans.
  • Reviewing your existing RRSP and RRIF’s.
  • Converting your investments to lifetime income.
  • Suggesting alternatives to increase your income during retirement.
  • Guiding you on ways to fund health care in retirement.
  • Monitoring your plan.
Mutual Funds*

There are many types of funds available. Common types are money market funds, income funds and equity funds. There are also balanced funds which hold all three types of investments. The funds are divided into units. Unit values are updated frequently based on the market value of the investments.

*Mutual funds and securities related financial planning services are offered through Credential Asset Management.

Other ways OCU can help
  • Create an estate plan that reflects your values
  • Loan and trust alternatives
  • Facilitates the transfer of investments from individual names to trust, or from and owner through to beneficiaries.
  • Work collaboratively with your legal advisors to help you meet you financial goals (or introduce to a trusted professional if you need one).
  • Review your tax returns with an eye to possible savings in the future.
  • Stay up to date on tax law changes.
  • Help you reduce your taxes and benefit from a TFSA.
  • Reposition investments to take full advantage of lax law provisions.
  • Suggest alternatives to lower your taxes during retirement.
  • Keep you on track and identify your savings shortfalls.
  • Develop and monitors a strategy for debt reduction.
  • Provide reminders about key planning data.
  • Check with you before the end of the year to identify any last minute financial needs.
  • Show you how to access your statements and other information online.