Concentra Financial has announced recently that they will be discontinuing their Client Held Deposits. Many of our members may currently hold funds on deposit at Concentra. These funds will be held at Concentra only until they come due and subsequently they will be held in a variable account with Concentra (earning very minimal interest) until arrangements are made to transfer them out to the Credit Union.
You may be affected by this change in service, and we can help. We are able to make this new update to Concentra’s operating policies a great streamlined opportunity for you. We can make sure that your funds are transferred easily and promptly with minimal disruption to your rate of return. We understand that you may not want to have your funds hanging in limbo waiting for transfers to occur. Let us show you how we can take care of you today! We are currently having a great deposit promotion. Time is limited so don’t delay!
Deposit Programs Referred by the Credit Union will continue to remain unaffected by these changes, such as our RESP, RRSP and GIC’s where the Credit Union referred the funds to Concentra Financial on our members behalf.
For more information about exactly how we can help you, please call our offices at 416-238-5606.
