Treasury
- System liquidity management
- National liquidity management
- Deposits, structured products and securities sales
- Portfolio management services
- Market/interest rate forecasting
- Foreign exchange services
- Interest rate derivative products
- Index-linked deposits - GIC
- T-bill and precious metal sales
- Commercial paper and Medium-Term Note programs
Lending
- Loans to credit unions and other members of Central
- Securitization services
- Buying/selling mortgage pools
- Letters of credit
- Consulting to credit union lenders
- Commercial loan second-opinions
- Government mortgage/loan programs
Financial Services
- Trustee and Administrative services for:
- Registered Retirement Savings Plans
- Group Retirement Savings Plans
- Registered Retirement Income funds
- Registered Education Savings Plans
- Self-Directed Retirement Savings Plans
- Sales of Ethical Funds, third-party mutual funds and BC Central Equity Fund
- Mutual fund compliance
- Canada Savings Bond sales
- Trustee for Growthstart - a local business development fund
Pension & Benefits Administration
- BC Credit Union Employees' Pension Plan and Benefits program
Technology
- Credit union access to evolving payment systems: MemberDirect ® (Internet banking, personal and business versions), Interac (direct debit), smart cards and credit cards
- MemberConnect™ content management and public website solutions
- Website construction, graphic design and administration
- Liaison/coordination with external systems suppliers
- Internal clearing and settlement systems
- For more information about the MemberDirect® family of products and other technology services, please click on the E-Commerce button, this section or, go to: http://ecommerce.cucbc.com.
Payment Services
- Item processing (centralized Canadian and US $ clearing, deposit and returned item processing)
- Tracing domestic and foreign wire transfers, credit union clearing and deposit items
- AFT (originating and receiving direct deposits, pre-authorized debits)
- Electronic and paper bill payments
- ATM/POS network settlement
- Cheque imaging
- Currency ordering
- Funds transfers
- Credit union current accounts
- CSB redemptions and transfers of ownership
- CAIS and NISA accounts
- Operation of MemberDirect® Service Bureau
- Report and file distribution
- Remittance processing/payment consolidation
