Performance Products

At Lakeland Credit Union we know RSPs play an important role in your long-term financial plan, and we’re offering you diverse options to fit your personal plans. No matter what stage of life you’re in or financial goals you’ve set, Lakeland Credit Union can help you make the most of your allowable RSP contributions.

We offer Performance Products every year for purchase in February.

Performance Canada is your avenue to investing in the economy with the peace of mind that your investment is 100% secure*. Performance Canada is offered in a three year term with the potential return of a maximum up to 12%. This product is also offered in a five year term with the potential to earn a maximum of 30%. Investments will be placed in a basket of 60 established Canadian based companies, that represent the major industries driving Canada’s economy. The closing price of each stock will be averaged using the closing price of the last three months as protection against the possibility of a sharp market decline prior to maturity. Investments in Performance Alberta will be protected from rising inflation while taking advantage of improving global economic conditions.  Talk to us today for more details on this exclusive option!



2017 Performance Products



Performance Canada - 3 year

The return on this product will be based on the change in the price level of the S&P TSX 60 from the start date in March 2017 to maturity in February 2020. The S&P TSX 60 is a stock market index of 60 large Canadian companies listed on the Toronto Stock Exchange (TSX). You can easily follow the performance online or in major newspapers. The maximum rate of return over the term of the three year GIC is 12%.


Performance Energy - 5 year

This product will be offered as a five year term linked to the performance of the S&P TSX Capped Energy Index. The return on this product will be based on the change in the price level of the S&P TSX Capped Energy Index from the start date in March 2017 to maturity in February 2022. This index is made of Canada’s largest energy industry companies listed on TSX (including Imperial Oil, Cenovus, Husky Energy, and Ensign etc). The maximum return on the five year product is 30%.
 

Entire initial deposit is invested. No risk of losing initial investment.  No management fees or sales charges.

* 100% Deposit Guarantee

The Credit Union Deposit Guarantee Corporation provides a 100% guarantee of all deposits with Alberta credit unions. This protection includes accrued interest to the date of payout. Additionally, the Credit Union Act provides that the Government of Alberta will ensure that this obligation of the Corporation is carried out.

 

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Deposit Guarantee

Your deposits are 100% guaranteed by the Credit Union Deposit Guarantee Corporation