Credit Union Central of British Columbia

Credit Union Central of British Columbia

January 11, 2007 09:00 ET

$10,000 Credit Union Windfall Buys Bigger 'If Not Always Better' Canucks

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 11, 2007) -

Attention: Kelowna editors/news directors

If you're a devoted Canucks fan, what could be better than watching the team on a brand new 42 inch LCD TV in the comfort of your own home? Well, you could have bought that new TV with winnings from the ATM Access Contest, sponsored by the Credit Unions of British Columbia.

Interior Savings Credit Union member John DeGroot of Kelowna pocketed $10,000 after his name was drawn from among thousands of entries in the latest Credit Unions of BC challenge. "It took a while to sink in; I never really expected to win," says DeGroot, 61-year-old husband of Carol DeGroot and a grandfather of six. The couple's first purchase was one of "the more important things - a TV," chuckles DeGroot, who, no matter how checkered a season the Canucks are having, remains the team's staunchest of fans.

The ATM Access Contest ran Oct. 9 to Nov. 20, 2006, in partnership with THE EXCHANGE® ATM network, which operates nationally with the participation of 250 financial institutions. The online contest, featured on the website, posed questions that dispelled, once and for all, the myths surrounding credit union ATM access and transactions.

For DeGroot, who is also a member of Vancity Credit Union, the contest was a slam dunk. As a long-time credit union member, he already knew the answers to such questions as whether members are surcharged for transactions at over 560 ATMs in B.C. bearing THE EXCHANGE® logo. "No!" says DeGroot. "It's terrific."

Linda Archer, Vice-President of human resources and marketing at Credit Union Central of British Columbia, says that credit unions are committed to providing peerless financial services to members. Within B.C., THE EXCHANGE® ATM network is larger than those serving Bank of Montreal, Scotiabank, CIBC or TD Canada Trust, according to Archer. "Credit unions work together as a team to serve the needs of all British Columbians, providing unbeatable services and products that are easily accessible."

Oh, and Carol DeGroot? She benefited from the contest as well, buying herself a new stove, fridge and microwave with a portion of the $10,000.

BC's credit unions hold more than $37 billion in assets and serve more than 1.5 million members - one-third of all British Columbians. Altogether, credit unions operate 360 branches in 139 communities, including 40 that have no other financial institution.

The credit union system enriches the province in many ways. Not only does it employ more than 7,000 people, credit unions have, in the past five years, paid out an average $35 million a year in dividends and patronage refunds to members.

To view the photo accompanying this press release please click on the following link:

Contact Information

  • Credit Union Central of British Columbia
    Linda Archer
    VP, Human Resources & Marketing
    (604) 734-2511