Join us at The Vintage Marketplace

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We are excited to announce MCU will be a Presenting Partner of The Vintage Marketplace on April 22nd and 23rd!

This is the 5th year for this local event which hosts a massive collection of vintage vendors selling everything from décor and fashion to furniture and collectibles. This year’s event will feature the addition of a Wedding Inspiration section hosted by MCU and our team will be on-site talking wedding finances. And yes, you can expect delicious vintage-inspired eats and cold drinks too!

Last year’s event hosted over 5000 people and we can’t wait to be a part of what promises to be the best year yet! For tickets and more information, visit The Vintage Marketplace website.

We hope to see many of you there!

Protect Yourself from Fraud

March is Fraud Prevention Month so there’s no better time to learn about how to recognize, reject and report fraud! The Competition Bureau of Canada spearheads this campaign every year in hopes to educate Canadians about fraudulent activity and how to better protect themselves from vulnerabilities.

Thousands of Canadians are victims of fraud every year and it’s important for everyone to do their part to help minimize their risk and protect themselves from fraudsters.

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Some important tips from the Competition Bureau:

  • don’t be fooled by the promise of a valuable prize in return for a low-cost purchase
  • don’t be afraid to hang up the phone, delete the email or close your Internet connection
  • don’t disclose personal information about your finances, bank accounts, credit cards, social insurance number or driver’s license numbers to any business that can’t prove it is legitimate
  • shred unwanted personal information such as bank statements, credit card bills, unwanted receipts, cheques, pre-approved credit applications and old tax returns
  • check your credit report every year and report problems immediately

Get more information on Fraud Prevention Month and what else you can do to protect yourself on the Competition Bureau’s website.  You can also join the conversation online using the hashtag #FPM2017.

Baking a Difference

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ommunities across Canada come together each year to support SPCAs and Human Societies by hosting a cupcake fundraiser on this special day to help homeless and neglected animals.

Our branches have been selling paper cupcakes all month and we invite you to drop by our Oakville or Hamilton branches on February 27th to pick up a delicious cupcake for $1 to help support this great cause. Cupcakes and helping animals – what could be sweeter?

More information on National Cupcake Day can be found on their website.

Save the Date for our AGM

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We are excited to announce our 2016 Annual General Meeting is being held in Burlington on March 26th this year. We hope to see many familiar faces (and some new ones!) in attendance as we receive the annual reports and elect Directors. We encourage our members to attend and cast their vote for the candidates they feel are most qualified to help guide our Credit Union in the years to come. More information on the AGM and election can be found here.

 

Our Toy Drive is back!

We are excited to announce the return of our Holiday Toy Drive!

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Our branches will be accepting new, unwrapped toys until December 19th to be distributed to local children in need over the holidays. We are also accepting monetary donations for those without the time to shop.

Toys will be provided to:

Last year, it was through the generosity of our members and staff that we were able to help make the Christmas season a little brighter for hundreds of local kids. We thank you for helping us spread the joy again this year!

Celebrating ICU Day!

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International Credit Union (ICU) Day® is taking place a week from today so it seemed only fitting to share more info about this very special celebration!

Credit unions have been celebrating what makes us different (and better!) on ICU Day® since 1948. The day is held to recognize the history and achievements of CUs around the world while raising awareness about all the great work they are doing. Credit unions everywhere will celebrate in various ways including fundraisers, giveaways, contests, and open houses.

This year, we are highlighting what makes credit unions truly unique under the theme of “The Authentic Difference” launched by the World Council of Credit Unions that works as an advocate for credit unions in matters of legislation, education and training, networking, outreach and encouraging the co-operative model.

It’s a little known fact that credit unions have played an important role in the Canadian financial industry. With over 100 years serving its members, credit unions are responsible for many important “firsts”. Some of them are:

• First to provide ownership and membership to all members

• First personal loan based on borrower’s character

• First payroll deduction service for deposits and loan payments

• First open mortgages

• First to lend to women in their own names

• First variable rate mortgage

• First personal line of credit

• First full-service ATM network

• First home equity line of credit

• First debit card service

• First point-of-sale debit payment service

• First registered education savings plan

• First fully-functional online banking

We know—credit unions are pretty awesome!

We haven’t forgotten our members either. We will be handing out a special gift to show appreciation to all members who stop in to see us on October 20th.

Be sure to check out #ICUDay on social media next week to see what all the credit unions are up to on ICU Day®!

The Walk for Down Syndrome

dsah-logoThe MCU team is happy to support the Down Syndrome Association of Hamilton (DSAH) at the GO21 Walk for Down Syndrome on October 2nd at Bayfront Park. This fantastic non-profit organization is run by volunteers and helps local families and encourages development and support for programs that help those living with Down syndrome.

The GO21 Walk specifically, aims to increase awareness, understanding, and acceptance for Down syndrome. “Go” representing the advancement in the Down syndrome community and “21”, the three copies of the 21st chromosome which results in a diagnosis of Down syndrome.

Anyone interested in joining us is encouraged to register a team and start raising funds for this great cause! More information is available at the DSAH website.

Countdown to Hamilton Beer Festival

We couldn’t be more excited to partner with Hamilton Beer Festival this year! It is the third year for this local event which unites Hamiltonians and visitors from surrounding areas through great beer, food and music! All the action is taking place on August 19 and 20 at Bayfront Park.

Making the event even more exciting is the cashless payment technology that will be used to further enhance your festival experience. Forget fumbling for your cash (or running out of cash!) you will be able to enjoy the convenience and security of tap technology through your own personalized RFID-enabled wristband you will receive at the gate. Simply register your wristband and load it at a festival top up station and away you go! We are pumped to be sponsoring this innovative technology that will help you complete your purchases faster than ever before at any Canadian beer festival!

Did we mention we will be there too? Stop by the MCU tent and snap a pic in our photo booth so the experience can live on! Only a month to go so get your tickets soon and use the promo code Momentum for a special discount. We hope to see many of you there!

For tickets and more information on the festival visit the Hamilton Beer Festival website.

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Canada Day BBQ eh!

Come on out to our Oakville or Hamilton branches on June 30th as we celebrate Canada Day with a BBQ. Yes, we know it’s not Canada’s true birthday, but with our branches closed on July 1st, we’re taking advantage of honouring our amazing country for an extra day!

Donations will also be accepted (but not mandatory) for local non-profit organizations in each branch community. We hope to see many of you there!

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New Account Opening Solution….coming soon!

We are excited to announce MCU will soon be able to welcome new members through an innovative online and in-branch account opening solution developed by thirdstream. Get more details in the full press release below.

Momentum Credit Union joins the Fintech fray with thirdstreams account origination solution

Momentum Credit Union of Hamilton, Ontario, Canada will soon be offering its members the ability to open accounts with full compliance online or in-branch with ease from any device using an account origination solution developed by thirdstream.

Leadership for the $170 million credit union said the thirdstream solution (cumulus) is the most innovative origination platform in the industry. It brings together in-branch and online account opening with the assurance of 100% compliance. Not only is it fully integrated with the Fiserv DNA Core platform, it also aligns front and back office operations, streamlines the sales and administrative processes and delivers an outstanding, consistent member experience across all of its branches and online channels.

Implementing the highly scalable thirdstream solution will position Momentum Credit Union for growth. As the first credit union in Canada to offer this omni-channel origination platform, it will also establish Momentum as a clear leader in the area of Fintech and innovation.

Malcolm Stoffman, Momentum CEO says, “We are enthusiastic about the opportunity to partner with thirdstream in this Fintech venture to implement their online, in-branch and lending platform. It aligns with our business goals and we recognize that it could have positive impact on our organization in many ways, from creating cost-saving efficiencies to better meeting the changing needs and expectations of our members.

We’re very happy to welcome Momentum Credit Union to the thirdstream family,” says Keith Ginter, thirdstream CTO. “We’re proud to partner with progressive credit unions like Momentum Credit Union that are looking to grow through innovation, excellence and leadership. We see Momentum as the true experts where account opening is concerned. Their front line staff deal with it every day, while their back office teams recognize the deep value of what needs to be streamlined for efficiency and profitability. We will look to these experts to inform our process, guide emerging functionality decisions and to provide ‘real world’ knowledge. A partnership like this solidifies our commitment to continue delivering the best account origination solution in the industry.

Onboarding is an increasingly pressing matter for banks and credit unions. It requires a balancing act between the right application that allows ease of use for the end user while ensuring that all regulatory requirements are met. thirdstream’s onboarding solution is fully compliant with every current banking regulation and designed to anticipate and easily accommodate future requirements. This cost-effective solution can be easily implemented with minimal organizational impact. cumulus is gaining significant momentum among credit unions and banks seeking an end-to-end, lower cost solution that can be installed quickly and support their immediate and long-term onboarding goals.

Stoffman agrees. “From the advanced feature functionality of thirdstream’s comprehensive onboarding solution to the rapid, low-impact deployment, thirdstream is clearly the Fintech expert when it comes to account opening. Given that onboarding is the sole focus of their business, we trust in the depth of knowledge and expertise that this company brings to the table.

Momentum Credit Union (MCU) is an independent financial co-operative with 11,000+ members and assets of over $170 million. Proudly serving the local community for over 75 years, the credit union offers a full selection of financial products and services including deposits and investments, personal loans, residential and commercial mortgages, and professional financial planning and advice.

MCU has recently made significant efforts to streamline the banking experience for its members with a vision of serving them in the most simple, affordable and convenient ways possible through multiple channels including online and mobile banking, a mobile banking app, a full-service Solution Centre, and a network of four branches. Members of MCU enjoy the benefits of being member-owners of the organization sharing in the profits of the credit union and giving back to their local communities through credit union initiatives.

thirdstream, headquartered in Lethbridge, Alberta, is Canada’s leading provider of in-branch and online consumer and business onboarding solutions. Serving clients in every regulatory jurisdiction from Quebec to British Columbia, thirdstream’s onboarding experience solutions serve 19 FIs across Canada, representing more than $287 billion in assets. thirdstream is continually evolving its product line, allowing clients to pay a modest monthly fee for an onboarding solution that offers continual and seamlessly delivered improvements.