by yncuniversity | Jul 7, 2025 | Fraud Prevention
VISA DEBIT SAFETY
July 7, 2025
Now that more of our members are receiving their YNCU Visa Debit cards, we want to share some easy tips
to help you keep your card – and your money – safe. These tips are great for all debit cards and can help you
avoid fraud.
Treat your card like cash or credit
Keep your Visa Debit card safe and secure in your wallet or purse. It’s more than just a tap card – treat
it like a credit card.
Shop smart online
Only buy from websites you trust. Look for a padlock symbol and “https” in the address bar – these
show the site is secure.
If it seems too good to be true…
It probably is. Scammers often use fake deals to trick you into giving away your card info.
Watch out for scams
Keep your Visa Debit card safe and secure in your wallet or purse. It’s more than just a tap card – treat
it like a credit card.
Don’t use public WiFi for banking or shopping
Public WiFi isn’t always safe – hackers could be watching what you type.
Protect your personal info
Never share personal or banking info unless you’re 100% sure who you’re talking to.
Pay attention to alerts
If you get a transaction alert you weren’t expecting, call us right away. We’re here 24/7 at 1-888-413-
YNCU (9628), option #2.
Noticed a strange transaction? Before reporting it, check if it might be a split order, a charge under a
different vendor name (like Apple or Google), or a forgotten subscription — and remember, YNCU and Visa
are always here to help keep your account safe.
YNCUniversity is here for all your financial literacy needs. Need one-on-one help? We got you! Reach out to our advisors. Don’t forget to follow us on Instagram and TikTok for more Honest Money Talk tips!
by yncuniversity | Jun 19, 2025 | Financial Literacy
Why Bundled Financial Products Make Sense in 2025
June 19, 2025
It used to be simple: your mortgage was with the bank, your chequing account was elsewhere, and you used whatever credit card had the best points. But in 2025, it’s all about smart financial ecosystems — and bundled financial products are leading the way.
Here’s why more Canadians are choosing to bundle, and why it might make sense for you, too.
1. Simplicity Saves Time (and Stress)
Managing your money is easier when your accounts are connected. See everything in one place, transfer funds instantly, and automate payments or savings with fewer logins and fewer headaches.
2. Better Rates and Perks
Bundling often unlocks better rates and more value. For example, YNCU’s Financial Care Package includes mortgage cash back — but also gives you access to benefits like a no-fee deluxe chequing account, overdraft protection, emergency savings accounts, and more.
3. Built-In Financial Protection
Pairing a mortgage with a savings account or line of credit gives you a safety net. Life happens — and a bundled setup gives you tools to handle it without financial panic.
4. Tailored Advice, Not One-Size-Fits-All
Credit unions like YNCU can offer personalized guidance when they see your full financial picture. It’s not about selling you more — it’s about helping you do more with what you have.
5. Aligned Values = Smarter Choices
With growing awareness around ethical banking, many Canadians are looking for financial institutions that reflect their values. Bundling with a local credit union means putting your money somewhere that supports your community — not just shareholder profits.
The Bottom Line
In 2025, bundling isn’t just convenient — it’s strategic. When you combine the right products with the right partner, your money works harder, your stress goes down, and your future looks a lot brighter.
by yncuniversity | Jun 9, 2025 | Financial Literacy
5 Ways to Use Your Mortgage Cash Back Wisely
June 9, 2025
A cash back mortgage can be more than just a bonus — it can be a boost toward real financial progress. Whether you’re getting $1,000 or $5,000, that money can go a long way when used intentionally. Here are five smart ways to make the most of your mortgage cash back.
1. Cover Moving Costs
From truck rentals to pizza for helpers, moving adds up quickly. Your cash back can take care of those expenses, so you don’t need to dip into savings or rack up credit card debt.
2. Start an Emergency Fund
If you don’t have one already, this is a great time to set up an Emergency Savings Account. Even $500 set aside for unexpected expenses can give you serious peace of mind.
3. Furnish Your New Space — Thoughtfully
Skip the impulse buys and invest in key pieces you need — like a new mattress, a couch that will last, or a dining set for years of shared meals.
4. Pay Down High-Interest Debt
If you’ve got a credit card balance or student loan with a high rate, consider using some of your cash back to reduce it. The long-term interest savings will be well worth it.
5. Invest in Your Future
Put a portion of your cash into a Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP). A little now can grow into a lot later.
Bonus Tip: Talk to a YNCU Advisor
Not sure where to start? A quick conversation with a financial advisor can help you create a simple plan based on your goals — so your cash back supports your future, not just your present.
by yncuniversity | May 26, 2025 | Fraud Prevention
LOOKING OUT FOR YOU: STAYING SAFE FROM ELDER FRAUD
May 26, 2025
At YNCU, we care about more than just your money—we care about you. Sadly, fraud targeting older adults is becoming more common, and we want to make sure you and your loved ones stay safe.
What Is Elder Fraud?
Elder fraud happens when someone tries to trick an older adult into giving away money or personal information. Sometimes it’s a scammer you don’t know. Other times, it might be someone who seems trustworthy. Either way, it’s not your fault—and you’re not alone.
A Few Red Flags to Watch For:
Unexpected phone calls, texts, or emails that feel urgent or push you to act fast
· Strange or unfamiliar activity on your accounts
· A new “friend,” caregiver, or even a relative getting involved in your finances
· Someone telling you to keep your financial decisions a secret
Simple Ways to Protect Yourself:
· Be careful when sharing personal or financial info, especially over the phone or online
· If something doesn’t feel quite right, talk to a family member—or give us a call
· Turn on account alerts so you can keep an eye on your money
· Make sure your Power of Attorney is someone you trust, and review it every few years
If something doesn’t sit well with you, trust your gut. Please reach out—we’re always here to listen, no judgment, no pressure. It’s always better to ask than to worry.
You’ve worked hard for what you have. Let’s work together to keep it safe.
by yncuniversity | Apr 24, 2025 | Financial Literacy
Financial Spring Cleaning: Reviewing Your Budget and Setting New Goals for the Next Quarter
April 24, 2025
As the days get longer and the flowers start to bloom, spring is the perfect time to refresh more than just your home—it’s also an ideal moment to tidy up your finances. A financial spring cleaning can help you reassess your budget, track your progress, and set new financial goals for the next quarter. Here’s how to get started:
Step 1: Review Your Budget
Your financial situation may have changed over the last few months, making it important to revisit your budget and ensure it still aligns with your income, expenses, and financial goals.
- Assess Your Spending: Look at your bank statements and categorize your spending. Are there areas where you can cut back?
- Identify Unused Subscriptions: Cancel any services or memberships that no longer add value to your life.
- Adjust for Seasonal Changes: With warmer weather ahead, consider upcoming expenses like travel, outdoor activities, or home maintenance.
Step 2: Check Your Financial Progress
Reflecting on your financial habits can provide insights into areas where you’re succeeding and where there’s room for improvement.
- Compare Against Your Goals: Did you save as much as you planned? Have you paid down debt?
- Check Your Credit Score: A strong credit score is essential for financial health. If your score isn’t where you’d like it to be, focus on strategies to improve it.
- Update Your Emergency Fund: Ensure you have enough savings to cover unexpected expenses.
Step 3: Set New Goals for the Next Quarter
With a clear understanding of your current financial situation, set realistic goals for the months ahead.
- Prioritize Savings: Whether it’s for a summer trip, a home renovation, or retirement, commit to increasing your savings.
- Pay Down Debt: If you carry a balance on credit cards or loans, create a plan to make extra payments and reduce interest costs.
- Increase Investments: If possible, allocate more towards your investments or retirement accounts.
- Build Better Financial Habits: Consider automating savings, setting spending limits, or learning more about financial planning.
Final Thoughts
Spring is a season of renewal, and your finances should be no exception. By taking time to review your budget, assess your progress, and set new goals, you’ll be better prepared to make the most of the coming months. Financial wellness is an ongoing journey, and small changes today can lead to a more secure future.
Are you ready to refresh your finances? Start your financial spring cleaning today and set yourself up for success in the next quarter!
