Weigh your options.There are a lot of promotions out there designed to reel you in. Don’t always assume 0% financing is your best option. Oftentimes the cash back rebate could save you even more on your bottom line price and with a great rate loan from your Credit Union, you’ll save even more.

Have the final say. Remember most car salespeople are not there to educate you on the best use of your money they just want to seal the deal. Don’t allow yourself to feel pressured into a purchase. You always have the option to simply walk away if the deal doesn’t feel right.

WHEEL YOUR BEST DEAL AT TPCUThis spring, we’re driving down rates on loans for all new and nearly new vehicles. With terms up to 10 years and 100% financing available, you could drive away in your new vehicle with no money down!

Call us today at 1.800.561.2557 and gear up for some serious savings!

Now that winter weather is almost behind us, you may be thinking of getting a fresh start this spring with a new vehicle. But before you hit the road to look for your next set of wheels, whether new or used, here are a few tips that can save you time, money and any hassles.

Know your budget. By talking with a Financial Services Officer before you go, we can help you determine the monthly payment amount that fits comfortably into your budget. This will also tell you how much you can afford to spend on the actual vehicle and put you in a better bargaining position before you visit the car lot.

Do your homework.A little time spent online researching the vehicles you’re interested in can help you narrow your search. Consider the types of features you want in a new vehicle and whether they come standard or as add-ons. Customer reviews from seasoned owners can also be a valuable resource.

Spring 2016

Beat the Taxman 2

Travel Tips2

Young Leaders3

Be Scam-Savvy4

Service Fee Changes4

Making the Grade3

PASS IT ON HOT TIPS & MORE FROM YOUR CREDIT UNION >>>

TAKING CARE OF OUR OWN

One phone call to our resident expert Bruce Lloyd of Car Choice Canada and he can help you find the vehicle you want at the best price going without even stepping foot inside a dealership.

Bruce knows the ins and outs of the car industry and brings his years of industry experience and connections to help you with everything from finding the right vehicle, to negotiating the best price, to finding the most affordable financing option.

The best part is, Bruce’s services are completely FREE for members who secure their financing through the Police Credit Union. Call 905.789.7750 to discuss your needs today!

DRIVE YOUR WAY TO SAVINGS!Pick your ride and we’ll help youpay less and save more.

Make Your Move3

WITH AN INCREDIBLE RATE REDUCTION ON VEHICLE LOANS

Save 2.5%*

MAY – Victoria DayMonday, May 23 ALL BRANCHES CLOSED

JULY – Canada DayFriday, July 1 ALL BRANCHES CLOSED

HOLIDAY HOURS

CALL BRUCE BEFORE YOU BUY

IMPORTANT:BRANCH HOUR CHANGESWe are making a few changes to our hours in order to serve you better. These new changes will take place beginning May 14th and will ensure we are making the best use of resources to effectively meet the demands of our membership as a whole.

Our CALL CENTRE will now be open to our members extended hours:

NEW CALL CENTRE HOURSMonday to Wednesday - 8:00 to 5:00 p.m.Thursday to Friday - 8:00 to 7:00Saturday - 10:00 to 3:00 p.m.

Our DURHAM BRANCH will be extending their weekday hours to stay open later on Thursdays. They will no longer be open on Saturdays.

NEW DURHAM BRANCH HOURSMonday, Tuesday and Wednesday - 9:00 a.m. to 5:00 p.m.Thursday - 11:00 a.m. to 7:00 p.m.Friday - 9:00 a.m. to 5:00 p.m.

You can still enjoy around the clock access to you accounts through telephone, online and mobile banking, as well as through our extensive network of conveniently located ATMs including THE EXCHANGE Network®.

*Rates subject to change without notice. Check out website tor current rates. Applies to new and used vehicles within 4 model years.

If you’re like most Canadians, taxes take a big bite out of your wallet every year. For many of us they’re our single largest expense. But fortunately there are a few ways to beat the taxman and keep more of your hard earned money.

Here are a few strategies to lighten your tax bill:

• Contribute to your RRSP. Then claim the deduction at tax time. Your annual allowable

contribution is 18% of your previous year’s earned income (minus pension adjustments) to a maximum amount determined by the government. For your personal RRSP deduction limit, check the Notice of Assessment sent to you by the Canada Revenue Agency after you’ve filed your tax return.

• Give to charity. Charitable donations made by December 31st are eligible for this tax year. Instead of cash, you may be able to donate certain securities you own “in-kind”, to avoid paying capital gains tax. Your charitable receipt will be based on the current market value on the donated securities. Talk to us about which securities qualify.

• Consider tax-loss selling. By selling non-registered assets that have dropped below their purchase value you can generate a capital loss and use it to offset any capitalized gains you’ve realized in either the three previous years, this year, or in the future. To claim the loss, your trade must be settled before the annual government imposed deadline.

• Make RESP contributions. Invest up to $2,500 in a Registered Education Savings Plan (RESP) before December 31st and you’ll qualify to receive a government-sponsored Canada Education Savings Grant of between 20-24% of your contribution (to a maximum of $600).

• Split your pension income. Transfer up to 50% of qualifying pension earnings to a lower income earning spouse or common-law partner. The transferred money will be taxed at their lower income tax rate.

• Pay your tax-deductible expenses. To claim them for this tax year pay tax-deductible expenses like alimony, professional fees, union dues, eligible accounting/legal fees, and medical bills by December 31st.

For advice on how to take advantage of these tax savings strategies, and a few others, drop by the branch and talk with your Credential Asset Management Mutual Funds Investment Specialist. They’re here to help.

Mutual funds are offered through Credential Asset Management Inc. The information contained in this newsletter is provided as a general source of information and should not be considered personal tax advice, investment advice or solicitation to buy or sell any mutual funds. ®Credential is a registered mark owned by Credential Financial Inc. and is used under license.

Beat the Taxman

FROM THE DESK OF HORST SCHEIBELT...

If you plan on traveling outside of Canada and the U.S. for business or pleasure, be sure to place a quick call to the Credit Union to advise us of your travel plans so that we can ensure uninterrupted access to your accounts while abroad.

It’s just a small measure of added protection we take to ensure our members’ accounts stay safe. Letting us know before you leave the country will help us keep you on track without any interruption to your account access. For a small fee we will unblock your card for access to your accounts in the countries you are visiting.

Make sure you are financially prepared for your trip. Ensure that you have more than one method of payment. In addition to your MemberCard, have a credit card with a high enough limit to cover not only your regular expenses, but also unexpected expenses or emergencies. A Credit Union MasterCard is a great option. Make sure you know your PIN for all cards before you travel. Have important contact numbers and information in a secure place and leave a copy of the information with a reliable trusted person you can easily reach if needed. This includes your passport information, ID information, credit card numbers, and important numbers in case anything is lost or stolen. If you encounter difficulties while away, you can contact us via email at callcentre@tpcu.on.ca or call collect by dialing the country code and 416.226.3353.

Simply visit your branch or give us a call at 1.800.561.2557 at least one week before you travel to update us of your plans and ensure easy access to your accounts.

MEMBERCARD PROTECTION NOTICE

4 Look for the ACCEL® Network of ATMs and access thousands of ATMs across the U.S. Visit www.the-exchange.ca for a complete list of locations.

4 Pay by debit with ACCEL® Point of Sale (POS) at over 3,000,000 merchant locations in the U.S.

4 Manage your money anywhere, anytime with convenient mobile app, text messaging, and online and phone banking services. When travelling to the U.S. you can call us toll free at 1.800.561.2557.

4 INTERAC® e-Transfers make it easy to send and receive cash. Plus you’ll have worldwide access to cash and balance information through the INTERAC® and CIRRUS® networks.

4 For frequent travellers, our U.S. Dollar Chequing and Savings Accounts makes managing U.S. funds easy and affordable and gives you maximum flexibility when you visit the States.

4 Arrange travel insurance whenever you travel outside of Canada. Find flexible packages and preferred pricing through our partner CUMIS® Insurance Travel.

MONEY SAVING TRAVEL TIPS

See our website for details.

FOR TRAVELERS

Funding your education comes down to three primary categories – tuition; books and course materials; and living expenses. Statistics Canada reports that in 2013 the average cost of tuition at a Canadian university was $5,772, while books and course materials cost on average about $800-$1,000.

Living expenses offer the most flexibility in terms of cost. If you chose to continue living at home and commuting to school, you’ll need to consider the cost of public transportation or owning a car and paying for gas and insurance. On the other hand, if you opt to move into residence or a student apartment close to campus, you’ll have rent, housing fees, utilities and food to consider.

It’s easy to see how the costs associated with attending a Canadian college or university can add up quickly. And the Canadian government estimates that the cost of education climbs an average of 3.3% every year.

The Police Credit Union stands behind the importance of higher education and wants to provide our younger generation with the opportunity to reach their academic goals. Our scholarship program was designed with just this in mind.

“If we can help ease the expense of postsecondary education in some small way, than we can encourage our members’ children and grandchildren to continue on their path to scholarly success.”

Every year TPCU’s scholarship program awards four hard-working students with a $500 scholarship to help pay for education expenses such as tuition, books, materials and more. Children or grandchildren of TPCU members who have successfully completed their high school education, hold a valid diploma and have received confirmation of enrolment in a postsecondary institution, are eligible to apply.

In order to be considered, applicants must submit a 1000 word essay describing why they have chosen their particular field of study. In addition, any academic achievement, community involvement and leadership are all favourable attributes in our candidates.

Applying is easy. Fill out an application form in branch or online at www.tpcu.on.ca/Personal/InOurCommunity/CommunityPrograms/ScholarshipProgram before June 12, 2016 to be considered.

COME CELEBRATE 70 YEARS OF SERVICE AT OUR 2016 AGMCome out to this year’s Annual General Meeting on Monday, April 18th. Members and their families are invited to join us for a delightful buffet dinner hosted by your Credit Union. Dinner will be followed by a presentation of the past year’s financial review and findings, as well some insights into our plans for the year ahead.

It’s a great opportunity to talk with our staff, management team and meet our board of directors, and mingle with fellow members.

DATE: Monday, April 18, 2016

TIME: Registration 5:00 p.m.Dinner 5:30 p.m.Meeting 7:00 p.m.

PLACE: The Brighton Convention Centre2155 McNicoll Avenue, Toronto

We look forward to seeing you there!

WITH TPCU SCHOLARSHIPS

Stand out from the crowd as a Cooperative Young Leader

2016 CYL SESSION DATES

JUNIOR (14-15 years old)A: July 3-9, 2016B: July 10-16, 2016

INTERMEDIATE (15-16 years old)A: July 17-23, 2016B: July 24-30, 2016

SENIOR (16-18 years old)A: July 30 - August 6, 2016 B: August 6-13, 2016

Once again, The Police Credit Union is proud to sponsor several young members to take part in this exciting program aimed at empowering our youth. Applicants must apply to the Police Credit Union and be officially approved for their sponsorship prior to registering to CYL directly. Visit our website and register by May 20th:https://www.tpcu.on.ca/Personal/InOurCommunity/CommunityPrograms/Co-operativeYoungLeaders/

Don’t miss out on this enriching opportunity – registration is now open.

The Cooperative Young Leaders Program is not only an incredible opportunity for our youth to connect, collaborate, play, learn, dream and accomplish great things with their peers, it also looks great on a resume! Participants gain valuable leadership experience that employers and post-secondary administrators hold in high regard.

The Cooperative Young Leaders Program is an exciting week-long leadership development program that invites teens aged 14-18 who are connected to members of a credit union or co-op, to come together to gain valuable skills, discover new ideas and perspectives, learn more about themselves and their world, and to become confident communicators and strong leaders.

For almost 50 years, this rewarding program has been providing Ontario’s youth with so much more than a summer camp experience. In addition to canoeing and campfires, participants will take part in team-building games and activities, developing self-confidence, learning from inspiring guest speakers, and so much more!

If you’re looking to unlock the door to your new home this spring, your Credit Union is the perfect place to start. You’ll always get our most competitive rate, guaranteed. Plus, we’ve got some exciting rate specials coming your way!

Whether you’re a first time buyer, looking to make a move to your next home, or it’s simply time to renew your existing mortgage, it pays to talk to us first. Our experts have the knowledge and resources to help you create the best mortgage solution for your needs and for a lot less than you might expect.

ADVANTAGES OF A TPCU MORTGAGE>> Competitive rates >> Flexible payments – monthly, bi-weekly,

or matched to your pay schedule>> BIG savings on interest payments>> SMALLER payments>> PAY OFF your mortgage faster

with annual lump sum payments, or increase your payment

Let us help you make the move for less. Come in or call 1.800.561.2557 today.

Make your move

This past March the Canadian Government marked the 12th Anniversary of Fraud Prevention Month. Lead by the Competition Bureau, this annual awareness campaign is designed to educate and inform consumers on safe practices and how to protect oneself from becoming a victim of fraud.

At the Police Credit Union we take every precaution to ensure our members financial information is secure. But there are added measures you can take to protect yourself and your information...

Sign up for online banking alerts and get a text or email message (or both) each time your account is accessed online or when using your mobile app as well as when there are any changes done online. If you are concerned that your credentials have been compromised, or that fraud has occurred on your account, contact us immediately. Outside of business hours you can call 1.888.273.3488 and arrange to have your online banking shut down.

If you receive an email requesting personal or financial information, ignore it. In fact, you shouldn’t even click through to learn more. Pick up the phone and call the Credit Union to report your concern.

Be cautious about phone calls requesting personal information. Fraudsters are likely to pose as a trusted provider such as your financial institution in an attempt to lure information from you. Don’t be afraid to just hang up.

Trust that your Credit Union will never contact you by phone or email to request personal or financial details. This kind of information is confidential and should only be discussed in person.

As an added measure, ensure both your personal and work computers firewalls and security software (like anti-spam and anti-virus protection) are up to date. Check your statements regularly and review your monthly account and credit activity to ensure the purchases are accurate and there is nothing out of the ordinary.

When in doubt, let us check it out. Call the Credit Union if you receive any suspicious emails or phone calls.

25 YEARS OF SERVICECongratulations to Denise Lombardo as she celebrated 25 Years of Service with The Police Credit Union on March 25th. What a wonderful accomplishment and testament to our cooperative.

NEW STAFF MEMBERSPlease join us in welcoming the following new staff members to our Credit Union family. Louis Christidis, Financial Services Officer - York BranchDiane Gelinas, Branch Manager - York Branch

CHANGING POSITIONS

Rocchina Correia – part-time teller at Durham Branch has moved into a full-time position as a Call Centre Representative

Tamara Pitter – ATM Clerk has moved up to a Call Centre Representative

Sandie Loder – Toronto Teller has moved up to the position of Loan Administration Clerk in our corporate office Centralized Lending department

Lila Jacob – Financial Services Officer Toronto will now be the Loan Officer Retail Credit in our corporate office’s Centralized Lending department

Lianne Balasingham – Financial Services Officer Durham will be transferring to the Toronto Branch to continue in her role as Financial Services Officer

Staff Notes

Effective May 1st, members will notice a change to our service fees.

FREE everyday banking will continue for our REWARDS members, however non-Rewards members will see an increase to process pre-authorized debits (PAD) from $.60 to $.70. However, an Interac Monthly Bundle is now available to help offset Interac ATM fees:• For $7.00/month, REWARDS members get unlimited Interac debit transactions,

3 free Interac e-Transfers and 4 free Interac cash withdrawals• For $9.00/month, non-Rewards members’ get 4 free Interac Debit transactions,

3 free Interac e-Transfers and 4 free Interac cash withdrawals DON’T FORGET that THE EXCHANGE Network provides FREE ATM cash withdrawals.

We are officially moved into the new space for our Toronto Branch and Corporate Office at 105 Gordon Baker Road. It’s been a busy process to make the move happen and we are grateful to all of our staff and members for their patience and support during these past few months.

We are happily settling into our comfortable new surroundings and are excited for our members to share in all that this enhanced environment will provide. PCU members can also enjoy reserved parking spaces exclusively for them right at the front of the building.

We’re Here!

RECOGNIZE, REJECT AND REPORT:

PROTECT YOURSELF FROM FRAUD

MEM

BER BULLETIN

Corporate Office105 Gordon Baker RoadSuite 222Toronto, Ontario M2H 3P8

General Inquiries 416.226.3353toll-free 1.800.561.2557Phone Banking toll-free 1.888.434.3511

Toronto105 Gordon Baker RoadSuite 103Toronto, ON M2H 3P8 Toronto - CollegeToronto Police Headquarters40 College St. Room 101Toronto, ON M5G 2J3

Durham962 Kingston Rd.Pickering, ON L1V 1B3

York18025 Yonge St.Unit 7Newmarket, ON L3Y 8C9

Peel85 Aventura Crt. Unit CMississauga, ON L5T 2Y6

www.tpcu.on.ca