Detailed information
About company
Integris Credit Union is a financial cooperative operating in the north-central British Columbia region. Established in 1946 as Prince George and District Credit Union, Integris is now a financial institution with $1.8 billion in assets under administration. The credit union provides a full range of personal and business banking products and services to over 27,000 members.
Features
The member-elected Integris’ Board of Directors has ten members who represent Integris’ six communities. Each credit union member is eligible to nominate themselves as a member of the Board of Directors.
As a member-focused financial cooperative, Integris Credit Union strives to provide fairly priced banking solutions to its members. Credit union members can get a $10 member discount on all products and services and $50 off a residential insurance premium.
The community-focused initiatives of Integris Credit Union include sponsorships and charitable donations to local nonprofits, volunteering activities, financial literacy workshops, and partnerships with other organizations supporting important social causes.
Pros and cons
Being an Integris Credit Union member has certain advantages:
Member discounts on products and services
Voting privileges
Attractive rates for GICs
Safety of eligible deposits guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC)
Online and mobile banking features
Access to over 2,300 ding-free ATMs
Still, there are disadvantages to keep in mind:
Low rates for savings accounts
Availability of products and services to British Columbians primarily
Products
Integris Credit Union offers the following personal banking products:
Chequing accounts with different numbers of monthly transactions included — from a low to unlimited
Savings accounts with zero monthly fees and up to 0.30% interest rates
Redeemable and non-redeemable GICs providing an attractive return, with up to 2.40% interest rates
Conventional, insured, and construction mortgages with rates ranging from 4.99% to 7.34%
Personal loans with up to ten-year terms, flexible repayment schedules, and fixed or variable rates
Lines of credit providing revolving access to funds up to an approved limit, including HELOC secured by your mortgage
Student lines of credit providing financing for education-related expenses, with interest-only payments while studying
Credit card options with interest rates ranging from 11.99% to 20.99% and additional benefits like cash back and rewards to suit your lifestyle
Registered plans such as RRSPs, RESPs, RDSPs, and TFSAs allowing you to hold savings and investment securities and grow your money tax-free
insurance products, including life, critical illness, disability, home, auto, recreational, travel, and other specialty insurance coverages
Products for business members include:
Chequing accounts for everyday banking operations designed to suit different transaction needs
Savings accounts with five free transactions included and a 0.05% interest rate
Non-redeemable term deposits with a 0.50% return rate
Credit cards for business owners with 12.99%-20.99% interest rates and benefits like zero fees, cash back, and rewards
Operating lines of credit with interest applied on the amount borrowed at variable interest rates
Business loans with up to ten-year terms, fixed and variable rates, and penalty-free early payoff
Commercial mortgages with one to five, seven, and ten-year terms available
Letters of credit providing assurance of your payment to a third party
Customizable insurance solutions for different types of business emergencies
Employee benefits and group pension plans designed to retain your employees and stay competitive in the job market
Services
For individuals, Integris Credit Union offers advisory and planning services from financial experts to help you manage your money, come up with an estate plan, or issue an in-trust account.
Services for businesses include:
Automated Funds Transfers (AFT) to handle pre-authorized debits and direct deposit transactions
Merchant services to accept and process payments from your customers
Business planning services to help you prepare for important stages of your business, including expansions, acquisitions, succession, or transition
Both personal and business members can apply for the following services:
Access to the Qtrade Guided Portfolios® platform enabling you to choose the right portfolios to suit your investment goals
Access to the Qtrade Direct Investing™ platform enabling you to trade investment securities like stock, bonds, and mutual funds online
