Financial Tips for OPP Recruits (and your families)

Spend five more minutes on good advice and special offers!

Mortgage Tip

The cost of buying a house does not end with your mortgage…
Don’t get caught unprepared for the many other expenses that come with it. Check out our 15 Hidden Expenses of Buying a House
Often called ‘closing costs’, a list of common expenses that can often be overlooked, or not planned for by homebuyers.

Recruit Loan Tips

Apply right away, this way you’ll have one less thing to worry about. It will allow you to focus on your training.
If you’re still working or not available to contact your Financial Advisor you can have a spouse, friend or parent call on your behalf to gather the information.
When you get a salary increase you can always choose to increase your loan payment and pay off the loan sooner.

Chequing Tips

Members have access to over 3,500 ATMs across Canada without paying any service charges. Click here to find a no fee ATM near you.
You can make deposits, withdrawals and change your pin number at all 3,500 ATMs across Canada.
Enjoy the ease of the Credit Union helping you make all the changes required to switch your banking.
Enjoy free chequing for 1 year.
Deposit Anywhere, allows you to quickly and securely deposit cheques with your smartphone or tablet, from anywhere, day or night.

Payroll Savings Tips

When you get a salary increase you can also choose to increase your savings deduction. This is a great way to boost your savings.
When you invest in an RRSP or RESP you shelter your investment income from taxes until you withdraw from them. A TFSA is flexible, they can be used for short term savings or long term savings and all withdrawals are tax free.
If you open a Payroll Savings Plan you can take advantage of our $50.00 BONUS recruit special.

Vehicle Loan Tip

Your vehicle loan could impact the dollar amount of a new home purchase, contact your Financial Advisor if you are planning to purchase a home within the next 5 years.
If you are purchasing a brand new vehicle, contact your Financial Advisor for OPP, OPPA dealership discounts.
From time to time the credit union offers vehicle loan rate specials, contact your Financial Advisor to find out what we have available.
We will assist you with finding a payment that works best with your budget.
Let us pre-approve you for your next vehicle loan so you can shop around and negotiate as a cash buyer.

Relocation Tip

While you are away for training you can authorize a friend, parent or spouse to speak to your Financial Advisor on your behalf. They don’t have to be the decision maker but they can gather all the information for you.
We offer specialized advice for duration postings.
We work hand in hand with the relocation office and can provide specialized advice on the relocation process.
When your mortgage payment is made with a payroll deduction you never have to worry about missing the payment.

OPPA Credit Union Credit Card Tip

The OPPA Credit Union offers a full suite of Visa cards through Collabria Financial – with excellent rewards and a variety of cards, there is a card that is perfect for everyone.

financial backup for life

Accounts

ACCESS YOUR MONEY

LENDING

Mortgages

Registered Investments

Investments

SERVICES

Recruits