Credit Union owners are both customer and owner. As a customer, you receive the services you want and as an owner you enjoy a return on your share investment in the form of competitive rates, value costs for premium services, and local control of your own financial institution.
Local Ownership and Control
Belonging to a credit union means that you are more than a customer - you are an owner - and as an owner you get to influence the progress of your business. There is a voluntary Board of Directors that you elect with your right to vote at the Annual General Meeting. All decisions are made locally, by people who live in and understand your local community. As neighbours, living and working in the same community, Beaubear Credit Unionoffers all the financial services you require with a big difference - pride in knowing all monies stay here in our own communities working for your own economic benefit. You'll enjoy a flexible approach to business and responsiveness to local concerns. All things being equal, why would you not choose a financial institution where the very ownership structure is designed to focus on, and is sensitive to, your needs?
Beaubear Credit Unionis uniquely positioned to support community development through:
· Loans to owners and small businesses
· Investment to community projects
· Sponsorship of community activities and events
· Public education programs to foster personal financial well-being
· Outstanding School and Community Involvement Scholarship
· Employees active in the community as members of boards of trade, chambers of commerce, church groups, service organizations, charitable organizations, and numerous other activities
Service to Owners
Beaubear Credit Union has over 4000 owners and total assets over $36,000,000. Our professionally trained, knowledgeable employees provide personal service and attention to owners from service two locations in the Miramichi. A Wealth Management Advisor is available five days a week and outside normal business hours to visit you at home or at the office. A Commercial Account Manager is also available to review your Business Banking requirements and come up with the best plan to suit your needs. Owners can choose to transact their business electronically through Automated TeleService, Personal Contact TeleService, ATMs and MemberDirect® Online Access.
Credit Union Potential
The ability of credit unions to return benefits to their owners and their communities is in direct proportion to the support they receive from owners in the community. Making Beaubear Credit Unionyour primary financial services provider means higher levels of service and greater benefits and rewards to both owners and the community. We see ourselves becoming part of every family in our province by establishing a relationship of trust with dependable, complete service for every financial need. Credit unions are part of a strong regional, national and international network of credit unions.
In New Brunswick,107,545 residents are credit union owners. There are 24 credit unions, 43 locations, and credit union 34 ATMs across this province. Total assets are $880 million as of December 31, 2005.
Internationally there are 79 credit union countries with a total of 43,147 credit unions. These credit unions serve over 136 million people with assets totaling about $825 billion.