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2 Table Of Contents Your Business... 3 Business Account Packages... 4 Business Loans & Mortgages... 5 Card Products... 6 Enterprise Strategy... 7 Merchant Services... 8 Your Future Financial Calculators Financial Planning GICs & Term Deposits RRIFs page 2 / 15

3 Your Business Running your business can be very rewarding and challenging, Lake View Credit Union is here for you with a full range of services to support your everyday operations. From the right account package to lenders committed to helping you grow your company, we are just a phone call or a visit away. For more information on our business services, please visit a branch or give us a call. page 3 / 15

4 Business Account Packages Business Interest-Bearing Operating Account Packages combine the convenience of an operating account with the ability to earn interest. There is no charge for electronic transfers, deposits, or assisted bill payments, and no minimum balance required. Chequing Accounts Pay as You Go Business Package A pay-as-you-go package for businesses with minimal activity on their account. You make your money work for you by only paying for what you use. $30.00 Business Package One convenient value-packed fee takes care of all your business banking - so you can look after all your business. Now that's just GOOD business! Interest Tiers for Interest-Bearing Operating Accounts Tiered interest is calculated on daily closing balances, so as your account balance increases, so does the interest rate. 0 - $4,999 $5,000 - $99,999 $100,000+ Coin Sorter Machine Why waste time rolling coins? Our automated coin machine takes in all your coin and gives you a slip to take to the teller - all in moments. Just think of how much time you'll save by not having to sort and roll your coin! page 4 / 15

5 Business Loans & Mortgages We're about making business hopes and dreams come to life. Our lending services are designed to help you expand your current business, purchase additional equipment or products, or even start a new business as a prospering entrepreneur! You're not alone; it's our pleasure to help you! Commercial Loans & Mortgages Businesses requiring capital to finance fixed assets (such as real estate) should discuss these plans with one of our knowledgeable employees. We have the flexibility to view your application and design a loan package with terms, options, and rates to suit your business requirements Line of Credit For temporary funds or overdraft protection on your chequing account, Lake View Credit Union can provide you with a business line of credit. Establishing a line of credit with Lake View Credit Union can maximize your purchasing power and allow you flexibility in managing your business. It gives you cash when needed for financing receivables, inventory build-up, seasonal requirements or other cash flow purposes. Once your amount has been approved, you simply write a cheque or make a withdrawal to access funds. Interest paid only on amount borrowed Competitive rates We also offer a Letter of Credit which provides you with a convenient method of conducting import and export transactions page 5 / 15

6 Card Products The Business MasterCard is perfect for small businesses and corporate members who want financial convenience and control. Features Choose between two different payment methods: 1. consolidated pay - one main control account for the business, and one sub-account for each employee 2. individual pay - an individual account is created for each employee Statements are mailed directly to each cardholder and for consolidated pay, a summary statement is mailed to the business Common Carrier Travel Accident Insurance MasterRental Master RoadAssist 24-hour roadside assistance at pre-set rates Core Features World-wide global acceptance serving consumers in 210 countries and territories World's largest ATM network 24-hour lost/stolen card assistance Emergency cards and emergency cash page 6 / 15

7 Enterprise Strategy Lake View Credit Union wants to see your small or medium sized business grow and prosper. As a member of our credit union, you have access to a variety of resources that can help you build your business. Explore Business Banking without the Bank This is where people still matter, where responsiveness counts, where local decision-making is a priority. Welcome to business banking at Credit Unions. As part of our Enterprise Strategy our services include access to: Operating Lines Business Loans Merchant Banking Online Banking Services Building and Improvement Loans More information on Enterprise Strategy from the Canada's Credit Unions page 7 / 15

8 Merchant Services Cash and cheque payments will continue to diminish as technology advances. Canadians carry over 10 million MasterCard credit cards and 24 million debit cards. By accepting credit cards and debit cards, your business will benefit from: More sales, resulting from more payment options Improved record keeping - electronic processing provides easy balancing at the end of the day and additional reporting options Improved customer service, providing your customers with a broader choice of payment options Reduced risks, carrying less cash on hand and reducing exposure to NSF cheques and charge backs Card Acceptance Choosing the right payment solution for your business is important. More and more, customers are demanding flexibility in payment options. With a merchant terminal from Lake View Credit Union, you will be able to accept the following card plans: MasterCard VISA American Express Diners Club EnRoute Interac Cirrus Maestro Help Desk The Merchant Services Help Desk is accessible to you 24 hours a day, 7 days a week by calling toll free Friendly staff can assist you in both French and English with: Product and terminal support POS problem resolution Software upgrades Balancing page 8 / 15

9 Supplies Merchant Link This service is ideal for merchants who manually deposit their MasterCard slips, and who do not accept Interac Direct Payment transactions. MerchantLink allows you to authorize credit card payments, and deposit up to 5 MasterCard transactions directly to your MasterCard merchant deposit account with a single phone call on a touch-tone phone. MerchantLink lets you do 4 kinds of transactions: Authorize a transaction for immediate deposit Authorize a transaction for deposit later Deposit a previously authorized transaction, and refund a transaction Enjoy peace of mind knowing immediately whether a card is approved or declined for payment. You'll save time by depositing by phone - any time of day or night - rather than saving up slips for physical deposit at your branch. Your deposited funds will be available sooner than if you save up for a weekly deposit, too. page 9 / 15

10 Your Future Savings and investments will allow you to reach important goals and milestones on your journey. Financial planning and managing your wealth will secure a bright future that lets your dreams become reality. Lake View Credit Union has the products and services that you will need along the way, from RRSPs and term deposits to financial planning and wealth management. page 10 / 15

11 Financial Calculators Financial Calculators from Life Events provide a great resource if you are looking for assistance with: Home Budget Home Advice Retirement Advice Investor Profile Questionnaire Education Savings Plan How much insurance do you need? Tax Planning Estate Planning Net Worth Personal or Auto Loans The Present or Future value of your savings Click on the Life Events icons below to access the financial calculators and a wide array of additional information and next steps. Combined with sound advice from Lake View Credit Union's financial planner, you can find the right financial solutions to fit your needs! Access 31 interactive calculators and dynamic reports to help you assess your current financial situation and plan for any future goals and events - from evaluating education savings and retirement needs to calculating lease and mortgage payments. Utilize this on-line tool to create your personalized financial plan. Go step-by-step through the financial planning process and address topics such as: net worth, budget, life insurance, disability insurance, RESP, risk tolerance, retirement planning, RRIF and estate planning page 11 / 15

12 Financial Planning Money is an important part of day to day living and having enough money to meet your goals and achieve your dreams is vital. Lake View Credit Union can help you find your way with our financial planning services. Simone Charbonneau CFP, is ready to help you live life on your own terms, by providing you with the expertise you need for the life you want. Our financial planning services include: Budgeting Saving Money Personal Finance Planning for Life Stages Credit & Debt Management Retirement Planning Self-Employment Real Estate & Mortgages College Savings Tax Planning Managing Risk Call our main branch today ( ) and book your appointment. page 12 / 15

13 GICs & Term Deposits Term Deposits are secure investments that can generally offer a higher rate of interest than a simple savings account. Term Deposits are available in a number of currencies, a variety of term lengths, and several redemption options. Guaranteed Investment Certificates (GICs) are term investments that require you to "lock in" your investment for a set length of time. They generally pay higher rates of interest than term deposits but are often not redeemable before maturity. Features and Benefits Term Deposits - 30 day to 5 years Cashable / Early Redemption Minimum Deposit $1000 Interest paid annually or at maturity Current Term Deposit Rates page 13 / 15

14 RRIFs A RRIF is a financial product created with non locked-in RRSP funds designated to provide regular income to you. This plan is the most popular form of retirement income. It provides greater flexibility than other more restricted choices, such as pension plans. The interest in a RRIF accumulates tax free until funds are paid out. The RRIF provides you with payment flexibility, subject to an annual minimum payment which qualifies for the pension income tax credit. In the event of death, the RRIF payments may be transferred to your spouse. A Registered Retirement Income Fund might be worth considering if you need to convert retirement savings to income, or if you wish to access your funds at any time. Only funds from a RRSP may be transferred to a RRIF. Any individual, regardless of age, wishing an income stream to be generated by his/her RRSP(s) can have a RRIF. All individuals reaching 71 years of age by December 31st in any given year and having a registered retirement savings plan may also hold a RRIF. Payment flexibility, estate preservation and investment control add to the number of competitive advantages provided in a RRIF. Current RRIF Rates page 14 / 15

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