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Credit Union Day Winners.

A special thank you to all those who came and helped make our Credit Union Day celebration a great success. Everyone was invited to enjoy the light refreshments and participate in our “How well do you know Credit Unions” quiz. We had a total of twenty five entries who scored a perfect score on our quiz and held a draw to determine the winners of the prizes.

Congratulations to the following winners!

Mary Sergenese	Virtual One Wine Box
Mitzi Bindoo	Virtual One Cheese Serving Set
Sharon Darragh	Virtual One Keychain
Maria Janeiro	Tzao Gift Basket

Here are the correct answers to our true or false quiz.

· A Credit Union is a co-operative financial service organization that is owned by the people they serve, their members. True

You’re a member, not a customer, at your Credit Union. The share capital requirement, which is Currently $50.00 for each adult member at Virtual One, means you have a voice in how your Credit Union is run. You gain voting privileges at our Annual General Meeting and help to elect our Board of Directors.

· Anyone can join a Credit Union. True

· The Credit Union ATM network is limited to the numbers of branches of the Credit Union; there is no provincial or national network. False

Access over 2100 ATM’s surcharge free on the Exchange Network. It’s the easy and convenient way to do your banking wherever you are, without incurring extra charges. Just look for The Exchange logo at participating banks and Credit Unions or visit www.the-exchange.ca to locate the machines closest to you.

· Credit Unions do not provide the same breadth of services as banks. False

From mortgage and equity lines to TFSA’s and RRSP’s, Credit Unions offer a full range of financial products and services to help you achieve your financial goals. In fact Credit Unions were the first institutions to offer consumer loans, daily interest savings account and automated banking machines!

Visit our website virtualonecu.com to find out more about any of our products or services or drop by any of our seven branch locations.

· As financial institutions, Credit Unions are less secure than banks. False

Credit Unions are among Canada’s most soundest financial institutions.

Ontario credit unions are regulated through a comprehensive regulatory framework which involves the Ministry of Finance ?, the Financial Services Commission of Ontario (FSCO) ? and the Deposit Insurance Corporation of Ontario (DICO). (www.dico.com)

· Deposits at Credit Union are not guaranteed. False

The Deposit Insurance Corporation of Ontario is a Provincial Agency providing deposit insurance protection for the members of Ontario Credit Unions and Caisses Populaires. Please visit www.dico.com to learn more about how your savings are insured up to $100,000.